Insider Selling: Robinhood Markets (NASDAQ:HOOD) CEO Sells $43,563,750.00 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $116.17, for a total transaction of $43,563,750.00. Following the completion of the sale, the chief executive officer directly owned 375,000 shares in the company, valued at approximately $43,563,750. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robinhood Markets Price Performance

NASDAQ HOOD traded up $0.63 during mid-day trading on Wednesday, reaching $113.53. 18,233,157 shares of the stock were exchanged, compared to its average volume of 30,305,273. The stock has a market cap of $102.23 billion, a P/E ratio of 54.85, a P/E/G ratio of 2.63 and a beta of 2.33. Robinhood Markets, Inc. has a one year low of $63.51 and a one year high of $153.86. The stock has a 50 day simple moving average of $88.95 and a 200-day simple moving average of $89.39.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results 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 business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the business posted $0.37 earnings per share. The business’s revenue was up 15.1% on a year-over-year basis. Sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Robinhood Markets

A number of institutional investors have recently modified their holdings of the company. Empowered Funds LLC grew its holdings in Robinhood Markets by 46.7% during the first quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock worth $2,076,000 after buying an additional 15,885 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Robinhood Markets during the 2nd quarter valued at $5,105,000. Federated Hermes Inc. boosted its holdings in Robinhood Markets by 106.2% during the 2nd quarter. Federated Hermes Inc. now owns 63,957 shares of the company’s stock worth $5,988,000 after acquiring an additional 32,933 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Robinhood Markets by 19.1% during the 2nd quarter. NewEdge Advisors LLC now owns 89,676 shares of the company’s stock worth $8,396,000 after acquiring an additional 14,356 shares during the last quarter. Finally, Nebula Research & Development LLC bought a new stake in shares of Robinhood Markets in the 2nd quarter worth $1,316,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood’s push into tokenized finance, DeFi, perpetual futures, and AI trading reinforces its long-term growth narrative. Article: Robinhood mainnet launch signals broader bet on tokenized finance
• Positive Sentiment: China Renaissance initiated coverage on HOOD with a buy rating, adding fresh analyst support.
• Positive Sentiment: Commentary suggests Robinhood’s business momentum may be outrunning earnings estimates, which could support the stock if upcoming results confirm stronger growth. Article: Robinhood Is Making a Comeback. Should You Buy the Stock?
• Neutral Sentiment: One article argued Robinhood’s key moat is its retail customer relationship, which may help offset competition from decentralized trading platforms. Article: ‘Generational’ HOOD Stock Drops Amid Market Sell-Off – Analyst Says Robinhood’s ‘Moat’ Is the Retail Relationship
• Neutral Sentiment: Robinhood cofounder Baiju Bhatt’s Ferrari comment is mostly a personality/branding story and is unlikely to move the stock on its own. Article: Robinhood’s cofounder says he’s buying a Ferrari Luce as a ‘baby-mobile’
• Negative Sentiment: Recent insider selling by three Robinhood insiders, including two directors, may create some caution even though the sales were made under pre-arranged 10b5-1 plans. Article: Insider Selling: Robinhood Markets (NASDAQ:HOOD) Director Sells $440,625.00 in Stock

Analyst Ratings Changes

Several brokerages have issued reports on HOOD. Piper Sandler reissued an “overweight” rating on shares of Robinhood Markets in a research note on Thursday, July 2nd. Truist Financial lowered their price objective on shares of Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, April 13th. JPMorgan Chase & Co. dropped their target price on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Cantor Fitzgerald restated an “overweight” rating and issued a $110.00 price target on shares of Robinhood Markets in a report on Tuesday, June 9th. Finally, Morgan Stanley decreased their price target on shares of Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Twenty-one analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.

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.