Robinhood Markets (NASDAQ:HOOD) Insider Daniel Martin Gallagher, Jr. Sells 10,000 Shares

Robinhood Markets, Inc. (NASDAQ:HOODGet Free Report) insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $87.07, for a total transaction of $870,700.00. Following the sale, the insider directly owned 393,612 shares in the company, valued at approximately $34,271,796.84. This represents a 2.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Robinhood Markets Trading Down 9.8%

HOOD traded down $7.94 during midday trading on Thursday, hitting $72.68. 55,494,757 shares of the company traded hands, compared to its average volume of 26,826,156. Robinhood Markets, Inc. has a 52-week low of $29.66 and a 52-week high of $153.86. The company has a market capitalization of $65.35 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 1.36 and a beta of 2.43. The business has a 50 day simple moving average of $116.01 and a two-hundred day simple moving average of $119.45.

Robinhood Markets (NASDAQ:HOODGet Free Report) last posted its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.20. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.15 billion. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The firm’s revenue for the quarter was up 100.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 EPS. Equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HOOD shares. Citizens Jmp upped their price target on shares of Robinhood Markets from $170.00 to $180.00 and gave the stock a “market outperform” rating in a research report on Friday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $135.00 price target on shares of Robinhood Markets in a research note on Wednesday, January 28th. Loop Capital set a $152.00 target price on shares of Robinhood Markets in a research note on Thursday, December 11th. KeyCorp raised their price target on shares of Robinhood Markets from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Finally, Morgan Stanley upped their target price on Robinhood Markets from $146.00 to $147.00 and gave the company an “equal weight” rating in a research note on Monday, December 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $136.62.

Check Out Our Latest Report on Robinhood Markets

Key Robinhood Markets News

Here are the key news stories impacting Robinhood Markets this week:

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HOOD. Vanguard Group Inc. grew its stake in shares of Robinhood Markets by 24.9% in the 3rd quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock worth $13,521,497,000 after acquiring an additional 18,824,923 shares in the last quarter. State Street Corp grew its position in shares of Robinhood Markets by 103.2% in the 3rd quarter. State Street Corp now owns 32,246,155 shares of the company’s stock worth $4,617,004,000 after buying an additional 16,375,734 shares during the last quarter. WCM Investment Management LLC raised its holdings in Robinhood Markets by 3,615.7% in the second quarter. WCM Investment Management LLC now owns 11,555,160 shares of the company’s stock worth $1,081,910,000 after purchasing an additional 11,244,182 shares in the last quarter. Norges Bank bought a new stake in Robinhood Markets during the 2nd quarter valued at about $973,122,000. Finally, Paradigm Operations LP bought a new stake in Robinhood Markets in the 2nd quarter worth approximately $308,979,000. 93.27% of the stock is owned by institutional investors.

About Robinhood Markets

(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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Insider Buying and Selling by Quarter for Robinhood Markets (NASDAQ:HOOD)

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