Steadview Capital Management LLC Acquires 64,620 Shares of Robinhood Markets, Inc. $HOOD

Steadview Capital Management LLC increased its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 11.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 616,115 shares of the company’s stock after purchasing an additional 64,620 shares during the period. Robinhood Markets makes up about 23.8% of Steadview Capital Management LLC’s holdings, making the stock its 2nd biggest position. Steadview Capital Management LLC owned 0.07% of Robinhood Markets worth $69,313,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Crossmark Global Holdings Inc. boosted its holdings in shares of Robinhood Markets by 0.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 27,405 shares of the company’s stock worth $3,083,000 after buying an additional 102 shares in the last quarter. Lake Street Private Wealth LLC grew its position in shares of Robinhood Markets by 0.3% during the 3rd quarter. Lake Street Private Wealth LLC now owns 43,899 shares of the company’s stock worth $4,939,000 after buying an additional 114 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Robinhood Markets by 11.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,089 shares of the company’s stock valued at $109,000 after acquiring an additional 116 shares in the last quarter. Root Financial Partners LLC increased its stake in shares of Robinhood Markets by 5.4% in the 3rd quarter. Root Financial Partners LLC now owns 2,510 shares of the company’s stock valued at $282,000 after acquiring an additional 129 shares in the last quarter. Finally, Brookstone Capital Management increased its stake in shares of Robinhood Markets by 2.5% in the 3rd quarter. Brookstone Capital Management now owns 5,230 shares of the company’s stock valued at $588,000 after acquiring an additional 129 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on HOOD shares. Citigroup reissued a “market outperform” rating on shares of Robinhood Markets in a research note on Friday, October 9th. Wells Fargo & Company decreased their price target on shares of Robinhood Markets from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday. Citizens Jmp reiterated a “market outperform” rating and set a $165.00 price objective on shares of Robinhood Markets in a report on Wednesday. Mizuho increased their price objective on shares of Robinhood Markets from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 9th. Finally, CICC Research increased their price objective on shares of Robinhood Markets from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $127.39.

Robinhood Markets Price Performance

Shares of HOOD opened at $84.99 on Friday. Robinhood Markets, Inc. has a 12-month low of $63.51 and a 12-month high of $150.47. The business’s fifty day moving average is $108.49 and its 200 day moving average is $93.04. The company has a quick ratio of 1.22, a current ratio of 1.24 and a debt-to-equity ratio of 0.26. The stock has a market cap of $76.41 billion, a P/E ratio of 39.17, a P/E/G ratio of 1.95 and a beta of 2.35.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.04. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.44 billion. Robinhood Markets had a net margin of 39.04% and a return on equity of 21.49%. Robinhood Markets’s revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 EPS. Sell-side analysts anticipate that Robinhood Markets, Inc. will post 2.15 earnings per share for the current fiscal year.

Insider Transactions at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $113.71, for a total transaction of $1,137,100.00. Following the completion of the sale, the insider directly owned 499,943 shares of the company’s stock, valued at $56,848,518.53. The trade was a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $113.72, for a total transaction of $42,645,000.00. Following the completion of the sale, the chief executive officer owned 375,000 shares in the company, valued at $42,645,000. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 1,091,347 shares of company stock valued at $128,447,880. Corporate insiders own 13.48% of the company’s stock.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Diversification is gaining traction. Robinhood reported record third-quarter revenue of approximately $1.42 billion, while prediction-market activity, equities, options and margin trading remained strong. Management also highlighted expansion of its Agentic Trading suite, crypto offerings and broader financial “super app” strategy. Robinhood’s Diversification Push Gains Momentum in Q3
• Positive Sentiment: Prediction markets are a major growth opportunity. The business reportedly grew sevenfold year over year, with management arguing that prediction markets could become a significant long-term revenue stream as activity expands beyond sports. Why Robinhood Thinks We’re at the Beginning of a Prediction Market Supercycle
• Positive Sentiment: Some analysts remain bullish. BTIG, Rosenblatt and Citizens JMP reiterated positive ratings, reflecting confidence in Robinhood’s product expansion and longer-term growth potential. BTIG Reaffirms Buy Rating
• Neutral Sentiment: Broader market pressure is adding volatility. A technology selloff and concerns about the sustainability of AI-related spending are weighing on high-growth and trading-platform stocks generally. Morning Call Sheet
• Negative Sentiment: Quarterly profitability disappointed investors. Although revenue reached a record, reports said adjusted EPS missed expectations, while GAAP net income and diluted EPS fell year over year. The contrast between strong top-line growth and weaker earnings raised concerns about operating performance and valuation. Why Wall Street Remains Bullish Despite the Decline
• Negative Sentiment: Crypto revenue fell sharply. Crypto revenue dropped 55% year over year amid a weaker crypto market, reducing a historically important source of transaction revenue. A record Binance theft also pressured crypto-related stocks across the sector. Crypto Stocks Fall After Binance Hack
• Negative Sentiment: Analysts lowered expectations. Wells Fargo, Goldman Sachs, JPMorgan, Barclays, KeyCorp, Scotiabank and Needham reduced price targets or forecasts, contributing to selling pressure. Barclays Cuts Robinhood Price Target

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.