Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) Director Baiju Bhatt sold 50,317 shares of Robinhood Markets stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $96.80, for a total transaction of $4,870,685.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Baiju Bhatt also recently made the following trade(s):
- On Friday, July 24th, Baiju Bhatt sold 49,223 shares of Robinhood Markets stock. The shares were sold at an average price of $95.09, for a total value of $4,680,615.07.
- On Thursday, June 11th, Baiju Bhatt sold 57,898 shares of Robinhood Markets stock. The stock was sold at an average price of $89.63, for a total value of $5,189,397.74.
- On Wednesday, May 20th, Baiju Bhatt sold 67,422 shares of Robinhood Markets stock. The stock was sold at an average price of $75.38, for a total value of $5,082,270.36.
Robinhood Markets Stock Down 4.9%
Robinhood Markets stock opened at $91.53 on Wednesday. Robinhood Markets, Inc. has a one year low of $63.51 and a one year high of $153.86. The stock has a fifty day moving average of $100.47 and a 200 day moving average of $86.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market cap of $82.29 billion, a PE ratio of 40.32, a price-to-earnings-growth ratio of 1.87 and a beta of 2.35.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.18. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period last year, the firm posted $0.42 earnings per share. The business's revenue for the quarter was up 32.5% on a year-over-year basis. As a group, sell-side analysts predict that Robinhood Markets, Inc. will post 2.02 EPS for the current year.
Hedge Funds Weigh In On Robinhood Markets
A number of institutional investors and hedge funds have recently made changes to their positions in HOOD. Public Employees Retirement System of Ohio bought a new stake in shares of Robinhood Markets in the 2nd quarter worth about $22,691,000. Ancora Advisors LLC purchased a new position in Robinhood Markets in the second quarter worth about $120,000. C M Bidwell & Associates Ltd. purchased a new position in Robinhood Markets in the second quarter worth about $27,000. Ninepoint Partners LP bought a new stake in Robinhood Markets during the second quarter worth approximately $1,080,000. Finally, Monetta Financial Services Inc. bought a new stake in Robinhood Markets during the second quarter worth approximately $2,778,000. 93.27% of the stock is owned by hedge funds and other institutional investors.
Key Stories Impacting Robinhood Markets
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Robinhood’s July trading activity data showed year-over-year growth in equity and options average daily transactions, supporting the company’s diversification strategy. Record customer assets and expansion into additional businesses could provide longer-term growth, although the stock’s premium valuation leaves less room for execution errors. Robinhood's July DATs Rise Y/Y: Is Its Expansion Strategy Working?
- Positive Sentiment: An analyst comparison with BGC Group highlighted Robinhood’s faster growth, expanding product offerings and record customer assets as competitive advantages. These factors may support the bullish long-term case for HOOD despite its elevated valuation. Robinhood vs. BGC Group: Which Trading Powerhouse Has the Edge?
- Neutral Sentiment: Chief Brokerage Officer Steve Quirk said retail investors experienced two weeks of net selling at the end of July and discussed which securities traders were buying. The comments offer insight into customer behavior but also point to potentially softer near-term trading activity. Robinhood's Steve Quirk: Two weeks of net selling at the end of July
- Neutral Sentiment: Director Baiju Bhatt sold 50,317 HOOD shares for approximately $4.87 million at an average price of $96.80. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, reducing its significance as a discretionary signal of management’s outlook. SEC Form 4 filing
- Negative Sentiment: The immediate pressure on Robinhood stock is tied to a steep year-over-year decline in cryptocurrency trading volumes. Because crypto activity can generate significant transaction revenue, the slowdown raises concerns about near-term results, particularly alongside broader market weakness. Why Is Robinhood Stock Falling on Tuesday?
Analyst Ratings Changes
Several research firms have recently commented on HOOD. Loop Capital set a $105.00 price objective on Robinhood Markets in a research note on Thursday, July 30th. Keefe, Bruyette & Woods cut their price target on Robinhood Markets from $75.00 to $65.00 and set a "market perform" rating for the company in a report on Wednesday, April 29th. Needham & Company LLC reduced their price target on Robinhood Markets from $123.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Argus raised their price objective on Robinhood Markets from $90.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, June 17th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Robinhood Markets in a research report on Wednesday, June 24th. Twenty-one investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $120.52.
Check Out Our Latest Stock Report on Robinhood Markets
Robinhood Markets Company Profile
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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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