Daniel Martin Gallagher, Jr. Sells 12,500 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOODGet Free Report) insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the company’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $22.37, for a total transaction of $279,625.00. Following the completion of the sale, the insider now directly owns 1,057,500 shares in the company, valued at approximately $23,656,275. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Robinhood Markets Price Performance

HOOD stock opened at $25.61 on Wednesday. Robinhood Markets, Inc. has a 1 year low of $7.91 and a 1 year high of $25.80. The firm has a market capitalization of $22.51 billion, a PE ratio of 170.73 and a beta of 1.84. The business has a 50 day simple moving average of $20.71 and a 200-day simple moving average of $20.46.

Robinhood Markets (NASDAQ:HOODGet Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. The business had revenue of $682.00 million during the quarter, compared to the consensus estimate of $640.39 million. Robinhood Markets had a return on equity of 4.25% and a net margin of 12.96%. The company’s revenue for the quarter was up 40.3% on a year-over-year basis. During the same period last year, the company earned $0.03 EPS. On average, equities research analysts expect that Robinhood Markets, Inc. will post 0.76 EPS for the current year.

Institutional Investors Weigh In On Robinhood Markets

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HOOD. Vanguard Group Inc. boosted its stake in Robinhood Markets by 1.8% during the first quarter. Vanguard Group Inc. now owns 56,828,633 shares of the company’s stock worth $1,143,960,000 after buying an additional 1,003,535 shares during the period. Renaissance Technologies LLC boosted its position in shares of Robinhood Markets by 37.7% during the 2nd quarter. Renaissance Technologies LLC now owns 7,651,700 shares of the company’s stock worth $173,770,000 after purchasing an additional 2,094,800 shares during the period. Dimensional Fund Advisors LP increased its holdings in Robinhood Markets by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,075,468 shares of the company’s stock valued at $92,549,000 after purchasing an additional 112,967 shares during the last quarter. Bank of New York Mellon Corp raised its position in Robinhood Markets by 8.7% in the second quarter. Bank of New York Mellon Corp now owns 2,410,791 shares of the company’s stock valued at $54,749,000 after purchasing an additional 193,585 shares during the period. Finally, Railway Pension Investments Ltd lifted its stake in Robinhood Markets by 52.6% during the first quarter. Railway Pension Investments Ltd now owns 2,393,031 shares of the company’s stock worth $48,172,000 after purchasing an additional 825,307 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

HOOD has been the topic of a number of recent research reports. Morgan Stanley upped their target price on Robinhood Markets from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. Wolfe Research raised shares of Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a research note on Wednesday, June 26th. KeyCorp boosted their target price on shares of Robinhood Markets from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Citigroup raised their price target on shares of Robinhood Markets from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Robinhood Markets in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $23.83.

View Our Latest Analysis on HOOD

Robinhood Markets Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Robinhood Markets (NASDAQ:HOOD)

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