Key Points
- CFO Shiv Verma sold 11,472 Robinhood shares at an average price of $110.42, generating approximately $1.27 million. The Rule 10b5-1 transaction reduced his holdings by 16.79%, leaving him with 56,858 shares.
- Robinhood recently reported quarterly EPS of $0.62, beating the $0.44 analyst consensus, while revenue rose 32.5% year over year to $1.31 billion.
- Wall Street remains broadly positive on HOOD, with a consensus “Moderate Buy” rating and an average price target of $130.88; institutional investors own approximately 93.27% of the stock.
Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CFO Shiv Verma sold 11,472 shares of the firm's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $110.42, for a total value of $1,266,738.24. Following the sale, the chief financial officer owned 56,858 shares of the company's stock, valued at approximately $6,278,260.36. This trade represents a 16.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Shiv Verma also recently made the following trade(s):
- On Monday, August 17th, Shiv Verma sold 3,982 shares of Robinhood Markets stock. The shares were sold at an average price of $95.07, for a total value of $378,568.74.
Robinhood Markets Stock Up 5.2%
HOOD stock opened at $109.81 on Friday. Robinhood Markets, Inc. has a twelve month low of $63.51 and a twelve month high of $153.86. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $98.73 billion, a P/E ratio of 48.37, a PEG ratio of 2.08 and a beta of 2.34. The firm has a 50 day simple moving average of $103.22 and a 200-day simple moving average of $90.73.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.18. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The business's revenue was up 32.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 earnings per share. On average, equities research analysts predict that Robinhood Markets, Inc. will post 2.15 earnings per share for the current fiscal year.
Key Robinhood Markets News
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: The SEC’s temporary framework for certain tokenized stocks could support Robinhood’s push toward 24/7 trading and digital-asset products, provided token holders retain traditional shareholder rights. SEC clears path for tokenized stocks
- Positive Sentiment: Federal regulators are pursuing rule-based initiatives to accelerate U.S. cryptocurrency adoption despite delays to the CLARITY Act. Greater regulatory clarity could expand institutional and retail crypto participation, benefiting Robinhood’s transaction and crypto businesses. Regulators accelerate crypto adoption
- Positive Sentiment: Needham raised its price target to $123 from $120 while maintaining a Buy rating, reinforcing analyst confidence in Robinhood’s growth prospects. Needham raises Robinhood price target
- Positive Sentiment: A market analysis noted that higher interest rates can increase Robinhood’s net interest revenue and margin-loan income. However, the company remains dependent on strong options and cryptocurrency trading activity, making the benefit less direct than for traditional brokers. Robinhood rate-sensitive growth analysis
- Neutral Sentiment: CFO Shiv Verma sold 11,472 shares worth approximately $1.27 million under a pre-arranged Rule 10b5-1 plan. The sale reduces his direct holdings by 16.79%, but the planned nature of the transaction limits its significance as an insider-confidence signal. Robinhood CFO SEC filing
- Negative Sentiment: Federal prosecutors charged two former Robinhood engineers over an alleged scheme involving confidential information and crypto futures trading. Although the allegations target former employees rather than Robinhood itself, the headline raises compliance and reputational concerns and contributed to recent pressure on the shares. Former Robinhood employees charged
- Negative Sentiment: Restrictions on sports betting-related prediction markets in Connecticut and Michigan could increase compliance costs and slow Robinhood’s expansion in this newer growth area. Prediction-market regulatory hurdles
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on HOOD shares. Jefferies Financial Group lifted their price target on shares of Robinhood Markets from $127.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, September 8th. KeyCorp raised their target price on shares of Robinhood Markets from $100.00 to $125.00 and gave the stock an "overweight" rating in a report on Wednesday, July 22nd. Citigroup restated a "market outperform" rating on shares of Robinhood Markets in a research note on Thursday, May 28th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Robinhood Markets in a report on Wednesday, June 24th. Finally, Mizuho increased their price target on Robinhood Markets from $130.00 to $140.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $130.88.
Check Out Our Latest Stock Report on HOOD
Hedge Funds Weigh In On Robinhood Markets
Several institutional investors have recently modified their holdings of HOOD. Norges Bank bought a new stake in Robinhood Markets during the fourth quarter worth approximately $1,202,160,000. Bank of New York Mellon Corp acquired a new stake in Robinhood Markets during the second quarter valued at approximately $379,695,000. Amundi boosted its holdings in Robinhood Markets by 89.0% during the first quarter. Amundi now owns 6,385,232 shares of the company's stock worth $442,497,000 after buying an additional 3,007,103 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Robinhood Markets by 5,221.4% during the fourth quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company's stock worth $289,519,000 after buying an additional 2,511,743 shares in the last quarter. Finally, Index Venture Growth Associates V Ltd bought a new stake in Robinhood Markets during the fourth quarter worth approximately $193,163,000. Institutional investors own 93.27% of the company's stock.
Robinhood Markets Company Profile
(
Get Free Report)
Robinhood Markets, Inc is a financial services company that operates a digital investing and trading platform. Through its mobile app and website, the company provides access to U.S. stocks, exchange-traded funds, options, cryptocurrencies and other investment products. Robinhood also offers individual retirement accounts, margin investing and cash-management services, subject to applicable eligibility requirements and regulations.
The company generates revenue from sources that include interest earned on customer cash and margin balances, transaction-based revenue related to options and cryptocurrency trading, subscription fees for Robinhood Gold and other service-related activities.
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