Robinhood Markets, Inc. $HOOD Shares Sold by Index Venture Growth Associates III Ltd

Index Venture Growth Associates III Ltd reduced its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 11.1% in the 4th quarter, HoldingsChannel reports. The firm owned 1,672,526 shares of the company’s stock after selling 209,065 shares during the period. Robinhood Markets makes up about 97.5% of Index Venture Growth Associates III Ltd’s portfolio, making the stock its largest position. Index Venture Growth Associates III Ltd’s holdings in Robinhood Markets were worth $189,163,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of HOOD. Empowered Funds LLC lifted its stake in Robinhood Markets by 46.7% in the 1st quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock valued at $2,076,000 after purchasing an additional 15,885 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Robinhood Markets in the 2nd quarter valued at about $5,105,000. Federated Hermes Inc. lifted its stake in Robinhood Markets by 106.2% in the 2nd quarter. Federated Hermes Inc. now owns 63,957 shares of the company’s stock valued at $5,988,000 after purchasing an additional 32,933 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Robinhood Markets by 19.1% in the 2nd quarter. NewEdge Advisors LLC now owns 89,676 shares of the company’s stock valued at $8,396,000 after purchasing an additional 14,356 shares during the last quarter. Finally, Nebula Research & Development LLC acquired a new stake in Robinhood Markets in the 2nd quarter valued at about $1,316,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets News Summary

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

• Positive Sentiment: Robinhood’s securities arm received approval to underwrite IPOs, potentially expanding revenue opportunities and giving the company a bigger role in future public offerings. Robinhood Just Won Approval to Underwrite IPOs, Right Before SpaceX’s Blockbuster Market Debut. Here’s Why the Timing Matters.
• Positive Sentiment: SpaceX’s IPO sparked “record-breaking” traffic on Robinhood’s platform, highlighting heavy retail engagement and the value of its IPO-access business. Robinhood sees ‘record-breaking’ traffic after SpaceX stock debuts
• Positive Sentiment: Needham raised its price target on Robinhood to $97 and reiterated a buy rating, adding to bullish sentiment around the stock. Benzinga report on Needham price target raise
• Neutral Sentiment: Robinhood saw unusual options activity, with traders buying a much larger-than-normal volume of call options, suggesting heightened speculation around the shares.
• Neutral Sentiment: The stock also benefited from a broader lift in financial stocks and related retail brokerage names during Friday’s session. Sector Update: Financial Stocks Advance Late Afternoon
• Negative Sentiment: Robinhood’s platform experienced trading issues amid the surge in SpaceX-related demand, which could raise concerns about reliability during peak activity. HOOD Stock: Robinhood Buckles Under SpaceX IPO Demand, Users Report Trading Issues
• Negative Sentiment: ARK Invest reportedly sold shares of Robinhood, which may temper enthusiasm for some investors. HOOD Stock Gains Overnight: Cathie Wood’s ARK Sells Shares Even As Robinhood Stacks Up Fresh Catalysts

Analyst Upgrades and Downgrades

HOOD has been the subject of several recent analyst reports. Morgan Stanley cut their target price on shares of Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Weiss Ratings restated a “hold (c)” rating on shares of Robinhood Markets in a research report on Friday, March 27th. The Goldman Sachs Group raised their price objective on shares of Robinhood Markets from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Barclays cut their price objective on shares of Robinhood Markets from $89.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $110.00 price objective on shares of Robinhood Markets in a research report on Tuesday. Eighteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $110.73.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $76.89, for a total transaction of $768,900.00. Following the completion of the transaction, the insider directly owned 432,849 shares in the company, valued at $33,281,759.61. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven M. Quirk sold 10,837 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $85.91, for a total transaction of $931,006.67. Following the transaction, the insider owned 81,989 shares of the company’s stock, valued at approximately $7,043,674.99. This represents a 11.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders acquired 680,000 shares of company stock valued at $55,306,560 and sold 571,602 shares valued at $41,959,746. Company insiders own 14.47% of the company’s stock.

Robinhood Markets Price Performance

Shares of HOOD opened at $93.19 on Friday. Robinhood Markets, Inc. has a one year low of $63.51 and a one year high of $153.86. The company has a market cap of $83.92 billion, a P/E ratio of 45.02, a P/E/G ratio of 2.31 and a beta of 2.35. The firm has a 50 day simple moving average of $80.09 and a two-hundred day simple moving average of $92.18.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm earned $0.37 earnings per share. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, analysts expect that Robinhood Markets, Inc. will post 1.83 earnings per share for the current fiscal year.

About Robinhood Markets

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.