31,008 Shares in Robinhood Markets, Inc. $HOOD Purchased by Cambient Family Office LLC

Cambient Family Office LLC purchased a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the 4th quarter, Holdings Channel.com reports. The fund purchased 31,008 shares of the company’s stock, valued at approximately $3,507,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC boosted its position in shares of Robinhood Markets by 527.8% during the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after buying an additional 190 shares during the period. Swiss RE Ltd. bought a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $27,000. Elyxium Wealth LLC purchased a new stake in shares of Robinhood Markets in the fourth quarter worth approximately $27,000. Sound Income Strategies LLC raised its holdings in shares of Robinhood Markets by 152.6% in the fourth quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock worth $26,000 after buying an additional 145 shares during the period. Finally, Godsey & Gibb Inc. bought a new stake in shares of Robinhood Markets during the 4th quarter worth approximately $28,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

More Robinhood Markets News

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

• Positive Sentiment: Robinhood announced plans to cut about 10% of its workforce, which investors are viewing as a move to improve efficiency, speed product launches, and support margins. Robinhood Culls 300 in 10% Headcount Cut as Fintechs Retrench
• Positive Sentiment: Multiple Wall Street firms turned constructive after the layoff announcement, including Argus raising its price target on HOOD to $110 and keeping a buy rating, reinforcing the view that the stock still has room to run. Robinhood Stock Is Soaring A Day After Big Layoffs. This Is Why.
• Positive Sentiment: Reports that Robinhood posted record June trading volumes have boosted optimism that revenue momentum is still strong despite the restructuring. Stock Market Today, June 17: Robinhood Jumps After Announcing 10% Workforce Reduction, Record June Volumes
• Positive Sentiment: Coverage on Thursday noted HOOD was outperforming the broader market and may be breaking out above prior resistance, adding technical momentum to the rally. Stock Of The Day: Will Robinhood Break Out?
• Neutral Sentiment: Cathie Wood’s ARK Invest sold more Robinhood shares during the run-up, which is a notable flow headline but not necessarily a fundamental warning sign. Cathie Wood’s Ark Invest Sells Robinhood Stock Into 8% Rally, Loads Up On Coinbase And Block
• Neutral Sentiment: Robinhood remains highly tied to crypto and prediction-market activity, so continued upside may depend on those growth drivers and broader market conditions. Is the SpaceX IPO Enough to Rescue Robinhood Stock?

Robinhood Markets Trading Up 2.8%

Shares of NASDAQ:HOOD opened at $108.15 on Friday. The company has a market capitalization of $97.39 billion, a PE ratio of 52.25, a P/E/G ratio of 2.63 and a beta of 2.35. Robinhood Markets, Inc. has a 12-month low of $63.51 and a 12-month high of $153.86. The business’s fifty day simple moving average is $82.71 and its 200-day simple moving average is $91.37.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company earned $0.37 earnings per share. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. Research analysts predict that Robinhood Markets, Inc. will post 1.83 EPS for the current year.

Insiders Place Their Bets

In other news, insider Steven M. Quirk sold 10,837 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $85.91, for a total value of $931,006.67. Following the sale, the insider directly owned 81,989 shares in the company, valued at approximately $7,043,674.99. This trade represents a 11.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Meyer Malka acquired 250,000 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was purchased at an average cost of $80.74 per share, for a total transaction of $20,185,000.00. Following the transaction, the director owned 3,924,427 shares in the company, valued at approximately $316,858,235.98. The trade was a 6.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 680,000 shares of company stock valued at $55,306,560 and sold 633,484 shares valued at $47,542,923. Company insiders own 14.47% of the company’s stock.

Analysts Set New Price Targets

HOOD has been the subject of a number of recent analyst reports. Citigroup restated a “market outperform” rating on shares of Robinhood Markets in a report on Thursday, May 28th. Truist Financial decreased their target price on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Wall Street Zen raised shares of Robinhood Markets from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. Loop Capital set a $110.00 price target on shares of Robinhood Markets in a report on Wednesday. Finally, Mizuho upped their price target on shares of Robinhood Markets from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Eighteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Robinhood Markets presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.36.

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.