Key Points
- CEO Vladimir Tenev sold $32.5 million worth of Robinhood shares, disposing of 259,166 shares at an average price of $125.58 and reducing his position by 50%. The transaction was made under a pre-arranged Rule 10b5-1 trading plan.
- Robinhood reported strong quarterly results, with EPS of $0.62 versus the $0.44 consensus estimate and revenue of $1.31 billion, up 32.5% year over year.
- HOOD trades at a relatively high valuation, with a P/E ratio of 54.05, while analysts maintain a consensus “Moderate Buy” rating and an average price target of $130.70.
Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CEO Vladimir Tenev sold 259,166 shares of the firm's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $125.58, for a total transaction of $32,546,066.28. Following the transaction, the chief executive officer owned 259,166 shares of the company's stock, valued at approximately $32,546,066.28. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vladimir Tenev also recently made the following trade(s):
- On Monday, July 6th, Vladimir Tenev sold 375,000 shares of Robinhood Markets stock. The shares were sold at an average price of $116.17, for a total transaction of $43,563,750.00.
Robinhood Markets Trading Down 1.2%
HOOD opened at $122.70 on Thursday. Robinhood Markets, Inc. has a twelve month low of $63.51 and a twelve month high of $153.86. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average of $104.01 and a 200-day moving average of $91.95. The stock has a market cap of $110.32 billion, a PE ratio of 54.05, a price-to-earnings-growth ratio of 2.48 and a beta of 2.34.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.18. The business had revenue of $1.31 billion for 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%. Robinhood Markets's revenue for the quarter was up 32.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 earnings per share. On average, sell-side analysts predict that Robinhood Markets, Inc. will post 2.15 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in HOOD. Norges Bank bought a new position in Robinhood Markets in the 4th quarter valued at about $1,202,160,000. Bank of New York Mellon Corp bought a new stake in Robinhood Markets during the 2nd quarter worth approximately $379,695,000. Amundi raised its stake in shares of Robinhood Markets by 89.0% in the first quarter. Amundi now owns 6,385,232 shares of the company's stock worth $442,497,000 after purchasing an additional 3,007,103 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Robinhood Markets by 5,221.4% in the fourth quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company's stock worth $289,519,000 after purchasing an additional 2,511,743 shares during the last quarter. Finally, Index Venture Growth Associates V Ltd bought a new position in shares of Robinhood Markets in the fourth quarter valued at approximately $193,163,000. 93.27% of the stock is owned by institutional investors.
More Robinhood Markets News
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Crypto and prediction-market expansion: Robinhood is broadening its prediction-markets offering beyond sports, with crypto-linked contracts gaining share. CEO Vlad Tenev has said crypto could eventually dominate prediction markets, potentially expanding trading activity and revenue. Robinhood's Prediction Markets Move Beyond Sports
- Positive Sentiment: Robinhood Chain development: Robinhood Chain integrated with Zerion, while decentralized-exchange volume reportedly reached $1.88 billion. The integration could improve access to decentralized finance and support adoption of Robinhood’s blockchain ecosystem. Robinhood Chain integrates with Zerion
- Positive Sentiment: Bullish long-term outlook: Recent commentary highlights Robinhood’s improving profitability, potential leadership in tokenized stocks, and the possibility of 20%-plus revenue growth in 2027 as crypto activity recovers. Analysts also maintain a consensus “Moderate Buy” recommendation. Robinhood bullish investment thesis
- Neutral Sentiment: High investor attention: HOOD remains a heavily watched and trending stock, which can increase trading interest but may also contribute to heightened volatility. Robinhood trending-stock analysis
- Negative Sentiment: CEO share sale: CEO Vladimir Tenev sold approximately $32.5 million of HOOD shares, reducing his direct position by half. The transaction occurred under a pre-arranged Rule 10b5-1 plan, which lessens its signaling value but can still weigh on sentiment. SEC insider transaction filing
- Negative Sentiment: Valuation and regulatory risk: With shares trading well above their longer-term moving averages and at a relatively high earnings multiple, investors may be taking profits. Expansion into prediction markets also brings increased regulatory scrutiny.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on HOOD shares. Scotiabank assumed coverage on Robinhood Markets in a research note on Wednesday, September 2nd. They issued a "sector outperform" rating and a $136.00 price objective on the stock. Wall Street Zen upgraded Robinhood Markets from a "strong sell" rating to a "sell" rating in a report on Sunday, July 12th. Sanford C. Bernstein reissued an "outperform" rating and issued a $160.00 price target on shares of Robinhood Markets in a research note on Tuesday, September 8th. Barclays cut their price target on Robinhood Markets from $122.00 to $105.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. Finally, Benchmark raised shares of Robinhood Markets to a "strong-buy" 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 assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $130.70.
Get Our Latest Analysis on HOOD
About Robinhood Markets
(
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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