Insider Selling: Robinhood Markets (NASDAQ:HOOD) Insider Sells $850,500.00 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $85.05, for a total transaction of $850,500.00. Following the sale, the insider owned 489,943 shares of the company’s stock, valued at $41,669,652.15. This represents a 2.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robinhood Markets Stock Down 10.4%

Shares of Robinhood Markets stock traded down $9.08 during trading hours on Thursday, hitting $78.33. The company had a trading volume of 31,908,856 shares, compared to its average volume of 26,489,561. The company’s 50-day moving average is $107.15 and its two-hundred day moving average is $92.57. Robinhood Markets, Inc. has a twelve month low of $63.51 and a twelve month high of $140.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $70.42 billion, a P/E ratio of 36.10, a price-to-earnings-growth ratio of 1.91 and a beta of 2.56.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, October 28th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Robinhood Markets had a net margin of 39.04% and a return on equity of 21.49%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the firm posted $0.61 EPS. The company’s revenue was up 11.5% on a year-over-year basis. Analysts anticipate that Robinhood Markets, Inc. will post 2.10 earnings per share for the current fiscal year.

Robinhood Markets News Roundup

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

• Positive Sentiment: Robinhood’s third-quarter earnings per share exceeded expectations, while management cited cost discipline, higher customer deposits, and expansion into prediction markets and banking. Revenue, however, came in below estimates. Robinhood Q3 Earnings Call Highlights Cost Discipline and Expansion
• Positive Sentiment: Anthropic’s prospective IPO could spur brokerage activity and customer engagement if Robinhood secures shares for its retail and advisor clients; the opportunity is not yet assured. Anthropic IPO to Fuel Robinhood’s Retail and Advisor Business Growth?
• Positive Sentiment: SkyFi’s satellite-intelligence subscription app is now available through Robinhood Agents, adding a new service that may support platform engagement and monetization. SkyFi’s Satellite Intelligence Now Available as a Robinhood Agent App
• Neutral Sentiment: Chief Accounting Officer Dara Bazzano sold 4,473 shares under a pre-arranged Rule 10b5-1 plan. The planned transaction is not necessarily a signal about the company’s outlook. Insider Selling: Robinhood Markets CAO Sells Shares
• Negative Sentiment: Bitcoin’s slide is hurting retail-facing fintech shares, while Democrats’ control of Congress could slow financial deregulation and increase industry scrutiny—both weighing on sentiment toward HOOD. Fintech Stocks Weighed Down by Bitcoin and Political Shift
• Negative Sentiment: Robinhood’s crypto revenue reportedly fell 55% in Q3, and overall revenue growth slowed to 12%, highlighting exposure to cooling crypto activity. Robinhood in a Food Fight for Anthropic IPO Shares as Crypto Trading Cools
• Negative Sentiment: Zacks Research downgraded HOOD from “strong-buy” to “hold,” adding to near-term caution. Zacks Research Analyst Ratings

Institutional Trading of Robinhood Markets

A number of large investors have recently bought and sold shares of HOOD. C M Bidwell & Associates Ltd. acquired a new position in Robinhood Markets in the second quarter valued at $27,000. James T. Borello RIA acquired a new stake in shares of Robinhood Markets during the third quarter worth about $29,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Robinhood Markets during the first quarter worth about $33,000. Glen Eagle Advisors LLC boosted its stake in shares of Robinhood Markets by 100.7% during the first quarter. Glen Eagle Advisors LLC now owns 568 shares of the company’s stock worth $39,000 after buying an additional 285 shares during the period. Finally, Continuum Advisory LLC purchased a new position in shares of Robinhood Markets during the second quarter worth about $40,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wall Street Zen lowered Robinhood Markets from a “hold” rating to a “strong sell” rating in a report on Sunday. Evercore initiated coverage on Robinhood Markets in a report on Monday, October 12th. They issued an “outperform” rating and a $130.00 target price for the company. Jefferies Financial Group upped their target price on Robinhood Markets from $127.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, September 8th. Bank of America raised their price target on Robinhood Markets from $140.00 to $156.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. Finally, Citigroup restated a “market outperform” rating on shares of Robinhood Markets in a research note on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $126.45.

About Robinhood Markets

Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.

Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.