Robinhood Markets (NASDAQ:HOOD) Insider Daniel Martin Gallagher, Jr. Sells 25,000 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $145.95, for a total transaction of $3,648,750.00. Following the sale, the insider directly owned 540,949 shares of the company’s stock, valued at $78,951,506.55. The trade was a 4.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Robinhood Markets Trading Up 4.2%

HOOD stock opened at $142.48 on Thursday. The business has a 50 day simple moving average of $129.11 and a 200-day simple moving average of $98.72. Robinhood Markets, Inc. has a twelve month low of $26.74 and a twelve month high of $153.86. The company has a market capitalization of $126.62 billion, a P/E ratio of 72.33, a PEG ratio of 3.55 and a beta of 2.42.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.41 by $0.20. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Robinhood Markets had a return on equity of 17.48% and a net margin of 50.13%.The company’s quarterly revenue was up 100.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 earnings per share. Research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HOOD. Piper Sandler reiterated an “overweight” rating and set a $140.00 price target (up from $120.00) on shares of Robinhood Markets in a report on Tuesday, September 23rd. CICC Research began coverage on shares of Robinhood Markets in a research report on Monday, October 27th. They set an “outperform” rating and a $155.00 price target for the company. Keefe, Bruyette & Woods upped their price target on Robinhood Markets from $89.00 to $106.00 and gave the stock a “market perform” rating in a report on Thursday, July 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Robinhood Markets in a report on Wednesday, October 8th. Finally, Morgan Stanley increased their price objective on shares of Robinhood Markets from $110.00 to $146.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. Thirteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.10.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Amalgamated Bank increased its position in Robinhood Markets by 2.3% during the first quarter. Amalgamated Bank now owns 35,704 shares of the company’s stock worth $1,486,000 after buying an additional 806 shares during the last quarter. DAVENPORT & Co LLC acquired a new stake in shares of Robinhood Markets during the 1st quarter worth approximately $436,000. Private Trust Co. NA boosted its position in shares of Robinhood Markets by 8,726.9% during the 1st quarter. Private Trust Co. NA now owns 4,590 shares of the company’s stock valued at $191,000 after acquiring an additional 4,538 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Robinhood Markets during the first quarter valued at approximately $3,725,000. Finally, Principal Financial Group Inc. boosted its stake in Robinhood Markets by 124.0% in the 1st quarter. Principal Financial Group Inc. now owns 261,457 shares of the company’s stock valued at $10,882,000 after buying an additional 144,725 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

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.