Baiju Bhatt Sells 65,694 Shares of Robinhood Markets (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 65,694 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $72.30, for a total transaction of $4,749,676.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD traded up $4.14 during trading on Wednesday, hitting $77.53. 32,112,431 shares of the company were exchanged, compared to its average volume of 30,996,863. The company has a fifty day moving average price of $101.66 and a 200-day moving average price of $116.76. The firm has a market capitalization of $69.71 billion, a PE ratio of 37.64, a P/E/G ratio of 1.24 and a beta of 2.44. Robinhood Markets, Inc. has a 12-month low of $29.66 and a 12-month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.The firm’s quarterly revenue was up 26.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.01 earnings per share. Research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HOOD. Wolfe Research raised Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 price objective for the company in a research note on Monday, February 9th. Compass Point restated a “buy” rating on shares of Robinhood Markets in a report on Wednesday, February 11th. Loop Capital set a $130.00 price target on shares of Robinhood Markets in a research note on Monday, February 9th. Needham & Company LLC lowered their price objective on shares of Robinhood Markets from $135.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Finally, Piper Sandler dropped their price objective on shares of Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Seventeen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Robinhood Markets currently has an average rating of “Moderate Buy” and a consensus target price of $121.71.

Key Robinhood Markets News

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

• Positive Sentiment: Robinhood launched a $1 billion closed-end fund, “Robinhood Ventures Fund I,” giving retail investors access to late-stage pre-IPO names (SpaceX, Stripe, Databricks). Investors view this as product diversification beyond brokerage trading and a way to capture fee/asset growth from private markets. Robinhood Opens Pre IPO Access With New US$1b Closed End Fund
• Positive Sentiment: Market commentators and money managers flagged opportunity in Robinhood despite broader tech/AI weakness, supporting buyer interest in the name. Opportunity in SoFi and Robinhood despite AI selloff, says Jay Woods
• Positive Sentiment: Notable active manager buying: Cathie Wood’s fund added to HOOD after the post-earnings dip, which can attract momentum and other institutional interest. Cathie Wood Bought the Dip in Robinhood Stock
• Neutral Sentiment: Trading chatter on retail forums (WallStreetBets) showed mixed interest, which can add short-term volume and volatility but not a clear directional signal. Social Buzz: Wallstreetbets Stocks Mixed
• Neutral Sentiment: Benzinga and other outlets note a small bounce after a recent pullback; traders are reassessing risk in high-beta fintech names rather than reacting to fresh fundamentals. Robinhood Stock Edges Higher Tuesday
• Negative Sentiment: An analyst-derived price target was cut meaningfully (about a 15% reduction to $130.24), which can weigh on investor sentiment and set a lower anchor for valuation expectations. Robinhood Markets (HOOD) price target decreased
• Negative Sentiment: Coverage pieces revisiting “troubled financials” flagged continued sector pressure and questioned whether issues at other fintech/financial firms could spill over to Robinhood, adding caution for some investors. Revisiting 3 Troubled Financials

Institutional Trading of Robinhood Markets

Several hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC grew its holdings in Robinhood Markets by 46.7% during the 1st quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock worth $2,076,000 after acquiring an additional 15,885 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of Robinhood Markets by 58.5% in the 2nd quarter. Brighton Jones LLC now owns 9,276 shares of the company’s stock valued at $869,000 after purchasing an additional 3,425 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Robinhood Markets by 142.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 796,111 shares of the company’s stock worth $74,540,000 after purchasing an additional 467,600 shares during the last quarter. Bessemer Group Inc. acquired a new position in shares of Robinhood Markets during the second quarter worth $1,284,000. Finally, Y Intercept Hong Kong Ltd increased its holdings in Robinhood Markets by 62.1% in the second quarter. Y Intercept Hong Kong Ltd now owns 12,708 shares of the company’s stock valued at $1,190,000 after buying an additional 4,870 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

About Robinhood Markets

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.