Robinhood Markets (NASDAQ:HOOD) CFO Shiv Verma Sells 11,472 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) CFO Shiv Verma sold 11,472 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $110.42, for a total value of $1,266,738.24. Following the completion of the transaction, the chief financial officer owned 56,858 shares of the company’s stock, valued at $6,278,260.36. The trade was a 16.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Shiv Verma also recently made the following trade(s):

• On Monday, August 17th, Shiv Verma sold 3,982 shares of Robinhood Markets stock. The stock was sold at an average price of $95.07, for a total value of $378,568.74.

Robinhood Markets Stock Up 5.2%

Shares of NASDAQ:HOOD opened at $109.81 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23. The firm has a market cap of $98.73 billion, a price-to-earnings ratio of 48.37, a PEG ratio of 2.08 and a beta of 2.34. The stock’s 50-day moving average price is $103.22 and its two-hundred day moving average price is $90.73. Robinhood Markets, Inc. has a 12-month low of $63.51 and a 12-month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.18. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The company’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 EPS. On average, research analysts forecast that Robinhood Markets, Inc. will post 2.15 EPS for the current year.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: The SEC’s temporary framework for certain tokenized stocks could support Robinhood’s push toward 24/7 trading and digital-asset products, provided token holders retain traditional shareholder rights. SEC clears path for tokenized stocks
• Positive Sentiment: Federal regulators are pursuing rule-based initiatives to accelerate U.S. cryptocurrency adoption despite delays to the CLARITY Act. Greater regulatory clarity could expand institutional and retail crypto participation, benefiting Robinhood’s transaction and crypto businesses. Regulators accelerate crypto adoption
• Positive Sentiment: Needham raised its price target to $123 from $120 while maintaining a Buy rating, reinforcing analyst confidence in Robinhood’s growth prospects. Needham raises Robinhood price target
• Positive Sentiment: A market analysis noted that higher interest rates can increase Robinhood’s net interest revenue and margin-loan income. However, the company remains dependent on strong options and cryptocurrency trading activity, making the benefit less direct than for traditional brokers. Robinhood rate-sensitive growth analysis
• Neutral Sentiment: CFO Shiv Verma sold 11,472 shares worth approximately $1.27 million under a pre-arranged Rule 10b5-1 plan. The sale reduces his direct holdings by 16.79%, but the planned nature of the transaction limits its significance as an insider-confidence signal. Robinhood CFO SEC filing
• Negative Sentiment: Federal prosecutors charged two former Robinhood engineers over an alleged scheme involving confidential information and crypto futures trading. Although the allegations target former employees rather than Robinhood itself, the headline raises compliance and reputational concerns and contributed to recent pressure on the shares. Former Robinhood employees charged
• Negative Sentiment: Restrictions on sports betting-related prediction markets in Connecticut and Michigan could increase compliance costs and slow Robinhood’s expansion in this newer growth area. Prediction-market regulatory hurdles

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capstone Financial Advisors Inc. increased its holdings in Robinhood Markets by 17.5% in the 2nd quarter. Capstone Financial Advisors Inc. now owns 3,569 shares of the company’s stock valued at $358,000 after purchasing an additional 532 shares in the last quarter. Whetstone Capital Advisors LLC boosted its position in shares of Robinhood Markets by 8.8% in the second quarter. Whetstone Capital Advisors LLC now owns 54,755 shares of the company’s stock worth $5,491,000 after buying an additional 4,419 shares during the period. National Pension Service raised its holdings in shares of Robinhood Markets by 5.1% during the 2nd quarter. National Pension Service now owns 2,298,238 shares of the company’s stock valued at $230,467,000 after buying an additional 112,365 shares during the period. WINTON GROUP Ltd acquired a new position in Robinhood Markets during the 2nd quarter worth approximately $531,000. Finally, RFG Advisory LLC boosted its holdings in Robinhood Markets by 4.0% in the 2nd quarter. RFG Advisory LLC now owns 3,505 shares of the company’s stock worth $351,000 after acquiring an additional 135 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on HOOD shares. Piper Sandler reaffirmed an “overweight” rating and set a $145.00 price target (up from $135.00) on shares of Robinhood Markets in a research note on Wednesday, September 2nd. Jefferies Financial Group boosted their price objective on shares of Robinhood Markets from $127.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, September 8th. Needham & Company LLC dropped their price objective on Robinhood Markets from $123.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $160.00 target price on shares of Robinhood Markets in a research report on Tuesday, September 8th. Finally, The Goldman Sachs Group increased their target price on Robinhood Markets from $124.00 to $142.00 and gave the stock a “buy” rating in a research report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Robinhood Markets currently has an average rating of “Moderate Buy” and an average price target of $130.88.

Robinhood Markets Company Profile

Robinhood Markets, Inc is a financial services company that operates a digital investing and trading platform. Through its mobile app and website, the company provides access to U.S. stocks, exchange-traded funds, options, cryptocurrencies and other investment products. Robinhood also offers individual retirement accounts, margin investing and cash-management services, subject to applicable eligibility requirements and regulations.

The company generates revenue from sources that include interest earned on customer cash and margin balances, transaction-based revenue related to options and cryptocurrency trading, subscription fees for Robinhood Gold and other service-related activities.