Robinhood Markets (NASDAQ:HOOD) Director Sells $4,956,666.44 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 43,373 shares of Robinhood Markets stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $114.28, for a total transaction of $4,956,666.44. The sale was disclosed in a legal filing with the SEC, which is available through 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 Friday, August 14th, Baiju Bhatt sold 50,317 shares of Robinhood Markets stock. The stock was sold at an average price of $96.80, for a total transaction of $4,870,685.60.
• On Friday, July 24th, Baiju Bhatt sold 49,223 shares of Robinhood Markets stock. The stock was sold at an average price of $95.09, for a total value of $4,680,615.07.

Robinhood Markets Stock Up 1.6%

NASDAQ HOOD traded up $1.76 during midday trading on Monday, hitting $114.33. 16,878,065 shares of the company traded hands, compared to its average volume of 27,657,229. Robinhood Markets, Inc. has a 52 week low of $63.51 and a 52 week high of $153.86. The company’s 50-day simple moving average is $103.62 and its 200-day simple moving average is $89.80. The company has a market cap of $102.79 billion, a PE ratio of 50.37, a price-to-earnings-growth ratio of 2.30 and a beta of 2.34. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.18. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the business posted $0.42 EPS. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. As a group, equities research analysts forecast that Robinhood Markets, Inc. will post 2.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Robinhood Markets from $136.00 to $138.00 and gave the stock a “buy” rating in a research report on Monday. Wall Street Zen raised shares of Robinhood Markets from a “strong sell” rating to a “sell” rating in a report on Sunday, July 12th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $160.00 price target on shares of Robinhood Markets in a research report on Tuesday, September 8th. Zacks Research upgraded Robinhood Markets from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Finally, China Renaissance began coverage on Robinhood Markets in a research report on Tuesday, July 7th. They issued a “buy” rating for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Robinhood Markets currently has an average rating of “Moderate Buy” and a consensus target price of $130.88.

Robinhood Markets News Roundup

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

• Positive Sentiment: Deutsche Bank raised its price target to $138 from $136 and upgraded Robinhood to “buy,” implying roughly 21% upside from the referenced share price. The upgrade reinforces confidence in Robinhood’s growth prospects and may support investor sentiment.
• Positive Sentiment: Robinhood and Crypto.com are asking the U.S. Supreme Court to clarify the legal framework for prediction markets. A favorable ruling could provide regulatory certainty and help Robinhood expand event-contract offerings, a potentially important new revenue channel. Crypto.com, Robinhood Ask SCOTUS Ruling on Prediction Markets
• Positive Sentiment: Robinhood’s multiyear partnership with Crypto.com expands its prediction-market strategy. The arrangement allows selected event contracts to use OG.com’s CFTC-regulated exchange and clearing infrastructure, while Robinhood receives equity stakes in Crypto.com and OG.com. Robinhood Expands Prediction Markets With Crypto.com Partnership
• Positive Sentiment: CEO Vlad Tenev defended Robinhood’s stock-tokenization initiative amid criticism from AMC’s CEO, arguing that investors globally should have access to high-quality financial assets. Successful tokenization could broaden Robinhood’s addressable market and strengthen its blockchain platform. Robinhood CEO Responds to AMC Chief on Stock Tokenization
• Neutral Sentiment: August operating metrics were mixed: customer counts, assets and equity balances grew strongly, but transaction-based activity remained uneven. This supports longer-term platform growth while highlighting sensitivity to trading volumes and market conditions. HOOD’s August Metrics Strong Amid Mixed Trading Trends
• Negative Sentiment: Robinhood’s August crypto volume rose 61% sequentially but remained 38% below the prior year, signaling that crypto-related transaction revenue may still face year-over-year pressure. Robinhood Crypto Volume Rises 61% in August but Remains Below Last Year

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HOOD. Parkside Financial Bank & Trust boosted its stake in shares of Robinhood Markets by 11.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,089 shares of the company’s stock worth $109,000 after acquiring an additional 116 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Robinhood Markets by 2.8% in the 4th quarter. Sivia Capital Partners LLC now owns 4,310 shares of the company’s stock valued at $487,000 after acquiring an additional 117 shares in the last quarter. Constant Guidance Financial LLC raised its stake in shares of Robinhood Markets by 5.3% in the 4th quarter. Constant Guidance Financial LLC now owns 2,571 shares of the company’s stock valued at $291,000 after acquiring an additional 129 shares in the last quarter. MCF Advisors LLC lifted its holdings in Robinhood Markets by 52.6% in the 4th quarter. MCF Advisors LLC now owns 377 shares of the company’s stock worth $43,000 after purchasing an additional 130 shares during the last quarter. Finally, RFG Advisory LLC lifted 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 purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

About Robinhood Markets

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.