Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) Insider Sells $279,625.00 in Stock

by · The Cerbat Gem

Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report) insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $22.37, for a total value of $279,625.00. Following the sale, the insider now owns 1,057,500 shares in the company, valued at approximately $23,656,275. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD opened at $25.65 on Thursday. Robinhood Markets, Inc. has a one year low of $7.91 and a one year high of $25.80. The firm’s 50 day simple moving average is $20.81 and its two-hundred day simple moving average is $20.50. The stock has a market capitalization of $22.54 billion, a P/E ratio of 171.00 and a beta of 1.84.

Robinhood Markets (NASDAQ:HOOD – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. Robinhood Markets had a net margin of 12.96% and a return on equity of 4.25%. The business had revenue of $682.00 million for the quarter, compared to analysts’ expectations of $640.39 million. During the same period last year, the business earned $0.03 earnings per share. The business’s quarterly revenue was up 40.3% on a year-over-year basis. As a group, equities analysts expect that Robinhood Markets, Inc. will post 0.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HOOD shares. Piper Sandler reiterated an “overweight” rating and set a $27.00 price target on shares of Robinhood Markets in a research report on Tuesday. Barclays upped their price target on Robinhood Markets from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Monday. Needham & Company LLC reiterated a “hold” rating on shares of Robinhood Markets in a research report on Thursday, August 8th. Citigroup upped their price target on Robinhood Markets from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Finally, Wolfe Research upgraded Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Robinhood Markets currently has a consensus rating of “Hold” and an average target price of $23.83.

Get Our Latest Report on Robinhood Markets

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. LifePro Asset Management purchased a new stake in shares of Robinhood Markets during the third quarter valued at approximately $1,677,000. CWM LLC boosted its stake in shares of Robinhood Markets by 66.9% during the third quarter. CWM LLC now owns 38,746 shares of the company’s stock valued at $907,000 after purchasing an additional 15,524 shares during the period. Connective Portfolio Management LLC purchased a new stake in shares of Robinhood Markets during the third quarter valued at approximately $47,000. GAMMA Investing LLC boosted its stake in shares of Robinhood Markets by 71.3% during the third quarter. GAMMA Investing LLC now owns 3,923 shares of the company’s stock valued at $92,000 after purchasing an additional 1,633 shares during the period. Finally, Handelsbanken Fonder AB boosted its stake in shares of Robinhood Markets by 20.2% during the third quarter. Handelsbanken Fonder AB now owns 125,600 shares of the company’s stock valued at $2,942,000 after purchasing an additional 21,100 shares during the period. 93.27% of the stock is currently owned by institutional investors.

About Robinhood Markets

(Get Free Report)

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.

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