Insider Selling: Robinhood Markets (NASDAQ:HOOD) Director Sells $4,680,615.07 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 49,223 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $95.09, for a total transaction of $4,680,615.07. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Baiju Bhatt also recently made the following trade(s):

• On Thursday, June 11th, Baiju Bhatt sold 57,898 shares of Robinhood Markets stock. The shares were sold at an average price of $89.63, for a total transaction of $5,189,397.74.
• On Wednesday, May 20th, Baiju Bhatt sold 67,422 shares of Robinhood Markets stock. The shares were sold at an average price of $75.38, for a total transaction of $5,082,270.36.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD traded down $2.89 during trading on Tuesday, reaching $92.76. The company had a trading volume of 21,543,426 shares, compared to its average volume of 29,334,115. Robinhood Markets, Inc. has a 52 week low of $63.51 and a 52 week high of $153.86. The business’s 50 day moving average price is $96.89 and its 200-day moving average price is $88.19. The stock has a market cap of $83.53 billion, a PE ratio of 44.81, a PEG ratio of 2.00 and a beta of 2.33.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. Robinhood Markets’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period last year, the company earned $0.37 earnings per share. Equities analysts anticipate that Robinhood Markets, Inc. will post 1.86 earnings per share for the current year.

Institutional Trading of Robinhood Markets

A number of institutional investors have recently bought and sold shares of HOOD. Sound Income Strategies LLC lifted its stake in shares of Robinhood Markets by 152.6% in the 4th quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock valued at $26,000 after purchasing an additional 145 shares during the period. CYBER HORNET ETFs LLC grew its stake 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 worth $26,000 after purchasing an additional 190 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of Robinhood Markets during the fourth quarter worth $27,000. MV Capital Management Inc. bought a new stake in Robinhood Markets in the fourth quarter valued at about $27,000. Finally, Swiss RE Ltd. bought a new stake in Robinhood Markets in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

More Robinhood Markets News

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

• Positive Sentiment: Robinhood is reportedly exploring a partnership with Crypto.com to expand its prediction-market business. The arrangement could improve market reliability and allow Robinhood to capture more economics, although regulatory risks remain. HOOD Eyes Deeper Push Into Prediction Markets
• Positive Sentiment: The company is highlighting the rapid development of its blockchain, reportedly built in three weeks with a projected value of roughly $450 million. Robinhood also leads tokenized stocks by number of holders, supporting its strategy to expand blockchain-based investing. How Robinhood Built a $450M Blockchain in Three Weeks
• Positive Sentiment: Robinhood will livestream the IPO roadshow for Robinhood Ventures Fund II through its app and YouTube on Aug. 3, potentially increasing retail participation and broadening its asset-management platform. Robinhood Ventures Fund II Roadshow
• Neutral Sentiment: Robinhood reports second-quarter results after the market closes Wednesday, making the earnings release the immediate catalyst. Investors will focus on trading activity, cryptocurrency volumes, operating expenses, outlook and the contribution from newer businesses. Robinhood to Report Earnings
• Negative Sentiment: CEO Vlad Tenev said his X account was compromised after a fraudster socially engineered X support and posted fake memecoin content. Although the account was restored and the post removed, the incident raises reputational and cybersecurity concerns. Robinhood CEO Says X Account Was Hacked
• Negative Sentiment: Analysts see strong trading growth but point to weaker cryptocurrency activity, rising costs and HOOD’s elevated valuation ahead of earnings. Robinhood also recently reported quarterly revenue and EPS below consensus, increasing the risk of another disappointing update. Key Insights Ahead of Q2 Earnings

Wall Street Analyst Weigh In

HOOD has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lowered their target price on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. Jefferies Financial Group cut their price target on Robinhood Markets from $88.00 to $84.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Citigroup reiterated a “market outperform” rating on shares of Robinhood Markets in a report on Thursday, May 28th. Loop Capital set a $110.00 price objective on Robinhood Markets in a research report on Wednesday, June 17th. Finally, Barclays boosted their price objective on Robinhood Markets from $82.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Twenty-one research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Robinhood Markets presently has an average rating of “Moderate Buy” and an average price target of $122.22.

Robinhood Markets Company Profile

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.