Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) Insider Sells 25,000 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $71.64, for a total transaction of $1,791,000.00. Following the sale, the insider now owns 841,887 shares of the company's stock, valued at $60,312,784.68. This represents a 2.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Robinhood Markets Stock Up 3.3%

NASDAQ HOOD traded up $2.37 during trading hours on Friday, hitting $74.88. 61,705,294 shares of the company were exchanged, compared to its average volume of 26,996,615. The firm has a market cap of $66.30 billion, a price-to-earnings ratio of 47.69, a PEG ratio of 1.05 and a beta of 2.25. The company has a 50 day moving average of $51.92 and a two-hundred day moving average of $47.11. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $80.24.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The firm had revenue of $927.00 million for the quarter, compared to analyst estimates of $917.12 million. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The business's revenue for the quarter was up 50.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 EPS. On average, equities research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Hedge Funds Weigh In On Robinhood Markets

Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its position in shares of Robinhood Markets by 184.8% in the 4th quarter. FMR LLC now owns 40,237,478 shares of the company's stock valued at $1,499,248,000 after buying an additional 26,107,934 shares during the last quarter. Norges Bank purchased a new stake in Robinhood Markets in the fourth quarter valued at $329,598,000. GQG Partners LLC acquired a new position in Robinhood Markets in the fourth quarter valued at $302,325,000. Vanguard Group Inc. grew its holdings in shares of Robinhood Markets by 8.6% during the first quarter. Vanguard Group Inc. now owns 74,241,080 shares of the company's stock worth $3,089,914,000 after purchasing an additional 5,874,701 shares during the last quarter. Finally, AGF Management Ltd. increased its position in shares of Robinhood Markets by 286.0% during the first quarter. AGF Management Ltd. now owns 5,743,715 shares of the company's stock worth $239,053,000 after purchasing an additional 4,255,862 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Cantor Fitzgerald lowered their price target on Robinhood Markets from $62.00 to $60.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Needham & Company LLC reaffirmed a "buy" rating and issued a $71.00 target price on shares of Robinhood Markets in a research report on Tuesday, May 27th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $60.00 price target on shares of Robinhood Markets in a research report on Thursday, March 27th. KeyCorp reduced their price target on shares of Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Finally, The Goldman Sachs Group upped their price objective on shares of Robinhood Markets from $56.00 to $64.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.41.

Robinhood Markets Company Profile

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.