Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the company's stock in a transaction on Monday, July 6th. The shares were sold at an average price of $116.14, for a total transaction of $1,161,400.00. Following the sale, the insider directly owned 471,396 shares in the company, valued at approximately $54,747,931.44. The trade was a 2.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Robinhood Markets Price Performance
NASDAQ:HOOD opened at $113.53 on Thursday. The firm has a market capitalization of $102.23 billion, a price-to-earnings ratio of 54.85, a PEG ratio of 2.53 and a beta of 2.33. The business has a 50 day simple moving average of $89.54 and a 200-day simple moving average of $89.37. Robinhood Markets, Inc. has a 1 year low of $63.51 and a 1 year high of $153.86.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.Robinhood Markets's revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 earnings per share. As a group, analysts expect that Robinhood Markets, Inc. will post 1.81 earnings per share for the current fiscal year.
More Robinhood Markets News
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Robinhood’s expanding crypto and tokenization strategy remains a key bullish driver, with recent coverage highlighting its push into DeFi, Robinhood Chain, stock tokens, perpetual futures, and AI-powered trading. Article: HOOD Bets on DeFi, Tokenization & AI Trading in Global Expansion Push
- Positive Sentiment: China Renaissance initiated coverage on Robinhood with a buy rating, adding fresh analyst support and reinforcing the market’s optimism about the company’s growth story.
- Positive Sentiment: Several articles pointed to strengthening business momentum and potential revenue upside from new products, including perpetual futures, which could help support future earnings growth. Article: Did a New Perpetual Futures Deal Just Make Robinhood a Screaming Buy?
- Neutral Sentiment: Robinhood remains heavily watched by investors ahead of its next earnings report, suggesting elevated expectations but no immediate fundamental surprise yet. Article: Investors Heavily Search Robinhood Markets, Inc. (HOOD): Here is What You Need to Know
- Neutral Sentiment: Media attention around CEO Vlad Tenev’s comments on AI agents and the Trump Accounts rollout adds visibility, but these items are more longer-term narrative drivers than near-term stock catalysts. Article: How Trump Accounts can turn $2K into $40K: Robinhood CEO & BNY CEO discuss
- Negative Sentiment: Recent insider sales by CEO Vladimir Tenev and directors Paula Loop and Oluwadara Johnson Treseder may pressure sentiment, even though the trades were pre-arranged under Rule 10b5-1 plans and do not necessarily signal trouble at the company.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Robinhood Markets from a "strong sell" rating to a "sell" rating in a research note on Saturday, June 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on Robinhood Markets from $105.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, June 30th. Needham & Company LLC boosted their price target on shares of Robinhood Markets from $85.00 to $97.00 and gave the company a "buy" rating in a report on Thursday, June 11th. Morgan Stanley reduced their price objective on shares of Robinhood Markets from $147.00 to $95.00 and set an "equal weight" rating for the company in a research note on Friday, April 10th. Finally, The Goldman Sachs Group increased their target price on Robinhood Markets from $108.00 to $121.00 and gave the company a "buy" rating in a research report on Monday, June 29th. Twenty-one analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Robinhood Markets has a consensus rating of "Moderate Buy" and a consensus price target of $115.00.
Read Our Latest Stock Report on Robinhood Markets
Institutional Trading of Robinhood Markets
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Robinhood Markets by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company's stock worth $10,831,756,000 after acquiring an additional 1,334,443 shares during the last quarter. State Street Corp lifted its stake in shares of Robinhood Markets by 2.7% in the 4th quarter. State Street Corp now owns 33,121,452 shares of the company's stock valued at $3,746,036,000 after purchasing an additional 875,297 shares during the period. Geode Capital Management LLC boosted its stake in shares of Robinhood Markets by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 21,171,925 shares of the company's stock worth $2,386,944,000 after acquiring an additional 356,902 shares in the last quarter. Morgan Stanley grew its holdings in Robinhood Markets by 23.9% in the fourth quarter. Morgan Stanley now owns 10,683,776 shares of the company's stock valued at $1,208,335,000 after purchasing an additional 2,061,832 shares during the period. Finally, Norges Bank purchased a new stake in Robinhood Markets in the 4th quarter worth $1,202,160,000. Hedge funds and other institutional investors own 93.27% of the company's stock.
Robinhood Markets Company Profile
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Get Free Report)
Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to "democratize finance for all." Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.
Robinhood's core products and services include a mobile app and web platform for trading U.S.
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