Robinhood Markets (NASDAQ:HOOD) Stock Price Down 2% on Insider Selling

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) fell 2% during mid-day trading on Thursday after an insider sold shares in the company. The company traded as low as $78.55 and last traded at $80.56. 39,385,934 shares were traded during trading, an increase of 28% from the average session volume of 30,754,262 shares. The stock had previously closed at $82.21.

Specifically, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $75.49, for a total value of $754,900.00. Following the sale, the insider directly owned 452,849 shares in the company, valued at approximately $34,185,571.01. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analyst Weigh In

A number of analysts have issued reports on HOOD shares. Mizuho reduced their price objective on Robinhood Markets from $172.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Loop Capital set a $130.00 target price on Robinhood Markets in a research report on Monday, February 9th. Bank of America cut their target price on shares of Robinhood Markets from $166.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday, December 10th. Compass Point reaffirmed a “buy” rating on shares of Robinhood Markets in a research note on Wednesday, February 11th. Finally, KeyCorp lowered their price objective on shares of Robinhood Markets from $160.00 to $130.00 and set an “overweight” rating for the company in a research report on Monday, February 9th. Seventeen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Robinhood Markets has a consensus rating of “Moderate Buy” and a consensus price target of $121.73.

Robinhood Markets News Roundup

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

• Positive Sentiment: Robinhood unveiled a $695/year Platinum credit card aimed at affluent customers — a move to win high-spend clients and add a recurring, fee-based revenue stream. How Robinhood’s New $695-a-Year Credit Card Stacks Up in a Crowded Market
• Positive Sentiment: Product rollout also included custodial accounts/family hub and advisor-referral pilot — initiatives that broaden addressable customers and deepen engagement on the platform. Robinhood Tests Advisor Network As Super App Vision Shapes Growth Story
• Positive Sentiment: Market reaction: the product news and a crypto bounce lifted the stock earlier this week, showing investor appetite for growth/monetization initiatives. Robinhood Stock Rises After Platinum Card, Custodial Accounts Launch
• Neutral Sentiment: Despite volatility, Robinhood remains a focus for investors and media — heavy search/coverage can amplify moves in either direction. Investors Heavily Search Robinhood Markets, Inc. (HOOD)
• Negative Sentiment: An insider (Daniel M. Gallagher Jr.) sold 10,000 shares this week, a disclosure that can spook some investors even if sales occur for routine reasons. Insider Sale Disclosure
• Negative Sentiment: Recent Q4 showed an EPS beat but a revenue shortfall driven by weaker crypto transaction revenue — that mixed print triggered earlier selling and remains a key risk to growth momentum. Why Robinhood Stock Plunged 24% in February
• Negative Sentiment: Valuation is elevated (high P/E and P/S vs. peers), so the stock is sensitive to any sign of slowing growth — making investor expectations a downside risk. MarketBeat: Robinhood Overview & Valuation

Robinhood Markets Stock Down 2.0%

The company has a market capitalization of $72.53 billion, a PE ratio of 39.11, a price-to-earnings-growth ratio of 1.66 and a beta of 2.47. The firm’s 50 day simple moving average is $95.92 and its 200 day simple moving average is $115.06.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm posted $1.01 earnings per share. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. As a group, sell-side analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Institutional Trading of Robinhood Markets

Several institutional investors have recently added to or reduced their stakes in the company. Caisse Des Depots ET Consignations acquired a new stake in Robinhood Markets in the third quarter valued at $3,984,000. Aberdeen Group plc increased its holdings in shares of Robinhood Markets by 565.1% in the 3rd quarter. Aberdeen Group plc now owns 185,538 shares of the company’s stock valued at $26,565,000 after acquiring an additional 157,643 shares during the last quarter. Jennison Associates LLC acquired a new stake in shares of Robinhood Markets during the 3rd quarter worth about $322,823,000. New York Life Investment Management LLC purchased a new stake in Robinhood Markets during the third quarter worth approximately $14,989,000. Finally, NEOS Investment Management LLC purchased a new stake in Robinhood Markets during the third quarter worth approximately $11,994,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Company Profile

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.