Robinhood Markets (NASDAQ:HOOD) Insider Daniel Martin Gallagher, Jr. Sells 50,000 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Daniel Martin Gallagher, Jr. sold 50,000 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $121.33, for a total transaction of $6,066,500.00. Following the completion of the sale, the insider owned 480,949 shares of the company’s stock, valued at $58,353,542.17. This trade represents a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Robinhood Markets Stock Performance

NASDAQ HOOD traded down $5.25 on Monday, reaching $123.24. 31,252,504 shares of the company’s stock traded hands, compared to its average volume of 39,776,863. Robinhood Markets, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $153.86. The firm has a market cap of $110.82 billion, a price-to-earnings ratio of 51.14, a P/E/G ratio of 2.89 and a beta of 2.43. The stock has a 50 day moving average price of $132.70 and a 200-day moving average price of $107.69.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.20. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm posted $0.17 earnings per share. The company’s revenue was up 100.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Robinhood Markets

Several large investors have recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. raised its position in Robinhood Markets by 29.7% in the first quarter. Avantax Advisory Services Inc. now owns 24,799 shares of the company’s stock worth $1,032,000 after acquiring an additional 5,678 shares in the last quarter. LPL Financial LLC raised its stake in shares of Robinhood Markets by 58.8% during the 1st quarter. LPL Financial LLC now owns 478,131 shares of the company’s stock worth $19,900,000 after buying an additional 176,995 shares during the last quarter. Federated Hermes Inc. grew its stake in Robinhood Markets by 2.1% in the 1st quarter. Federated Hermes Inc. now owns 31,024 shares of the company’s stock valued at $1,291,000 after acquiring an additional 638 shares during the last quarter. Harbour Investments Inc. lifted its holdings in shares of Robinhood Markets by 731.7% in the first quarter. Harbour Investments Inc. now owns 22,257 shares of the company’s stock valued at $926,000 after purchasing an additional 19,581 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Robinhood Markets in the first quarter valued at approximately $3,203,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HOOD has been the topic of several research analyst reports. Zacks Research lowered shares of Robinhood Markets from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Citigroup increased their price objective on Robinhood Markets from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. Loop Capital set a $161.00 target price on shares of Robinhood Markets in a report on Monday, October 27th. KeyCorp boosted their price target on shares of Robinhood Markets from $135.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, JMP Securities raised their target price on shares of Robinhood Markets from $130.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 9th. Fourteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.95.

About Robinhood Markets

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.