Robinhood Markets (NASDAQ:HOOD) Insider Daniel Martin Gallagher, Jr. Sells 10,000 Shares of Company Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Daniel Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $85.05, for a total value of $850,500.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robinhood Markets Stock Down 10.3%

HOOD opened at $78.39 on Friday. Robinhood Markets, Inc. has a 1-year low of $63.51 and a 1-year high of $140.16. The stock’s fifty day simple moving average is $106.55 and its 200 day simple moving average is $92.42. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.26. The stock has a market cap of $70.48 billion, a PE ratio of 36.12, a price-to-earnings-growth ratio of 1.95 and a beta of 2.56.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Citigroup restated a “market outperform” rating on shares of Robinhood Markets in a research note on Friday, October 9th. Zacks Research lowered shares of Robinhood Markets from a “strong-buy” rating to a “hold” rating in a research note on Monday. Compass Point increased their price target on shares of Robinhood Markets from $126.00 to $145.00 and gave the company a “buy” rating in a report on Friday, October 2nd. Rosenblatt Securities reissued a “buy” rating and issued a $135.00 price target on shares of Robinhood Markets in a report on Wednesday, October 28th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Robinhood Markets from $100.00 to $115.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Robinhood Markets currently has an average rating of “Moderate Buy” and an average price target of $126.45.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HOOD. James T. Borello RIA bought a new position in shares of Robinhood Markets in the 3rd quarter valued at $29,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Robinhood Markets during the 2nd quarter valued at $27,000. Continuum Advisory LLC acquired a new stake in shares of Robinhood Markets during the 2nd quarter valued at $40,000. Three Bridge Wealth Advisors LLC bought a new stake in Robinhood Markets during the 3rd quarter worth $50,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in Robinhood Markets during the 1st quarter worth $33,000. Institutional investors own 93.27% of the company’s stock.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood could benefit from retail investor demand around Anthropic’s anticipated IPO, potentially boosting brokerage activity and advisor services. This remains a prospective catalyst, not a confirmed revenue gain. Anthropic IPO to Fuel Robinhood’s Retail and Advisor Business Growth?
• Positive Sentiment: Robinhood Agents added SkyFi’s subscription-based satellite intelligence app, expanding the platform’s features and potential engagement opportunities. SkyFi’s Satellite Intelligence Now Available as a Robinhood Agent App
• Neutral Sentiment: Two insiders reported share sales: CAO Dara Bazzano sold 4,473 shares and Daniel Gallagher, Jr. sold 10,000 shares. Both transactions were made under pre-arranged Rule 10b5-1 plans, which may make them less indicative of a change in outlook. SEC Form 4 filing for Daniel Gallagher, Jr.
• Negative Sentiment: A Bitcoin decline pressured Robinhood and other retail-focused fintech shares. A report also said Robinhood’s crypto revenue fell 55% in Q3, while overall revenue growth slowed to about 12%, highlighting exposure to weaker crypto activity. Fintech stocks pressured by Bitcoin and political developments
• Negative Sentiment: Democrats’ control of both chambers of Congress raised concerns that financial deregulation could slow and scrutiny of financial firms could increase. Zacks Research also downgraded HOOD from “strong-buy” to “hold.” Midterm Election Results: What’s Ahead for Financial Stocks?

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.