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

Robinhood Markets, Inc. (NASDAQ:HOODGet Free Report) insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $75.49, for a total transaction of $754,900.00. Following the transaction, the insider directly owned 452,849 shares in the company, valued at $34,185,571.01. This trade represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robinhood Markets Trading Down 1.7%

NASDAQ HOOD traded down $1.20 during trading hours on Thursday, reaching $68.91. The company had a trading volume of 19,768,190 shares, compared to its average volume of 29,244,586. The stock has a 50-day moving average of $80.09 and a 200 day moving average of $110.44. The stock has a market capitalization of $62.04 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 1.56 and a beta of 2.46. Robinhood Markets, Inc. has a 1-year low of $29.66 and a 1-year high of $153.86.

Robinhood Markets (NASDAQ:HOODGet Free Report) last released 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. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.Robinhood Markets’s revenue was up 26.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS. As a group, sell-side analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Robinhood Markets by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company’s stock worth $10,831,756,000 after purchasing an additional 1,334,443 shares during the last quarter. State Street Corp increased its stake in Robinhood Markets by 2.7% in the fourth quarter. State Street Corp now owns 33,121,452 shares of the company’s stock valued at $3,746,036,000 after purchasing an additional 875,297 shares during the last quarter. Geode Capital Management LLC boosted its stake in Robinhood Markets by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 21,171,925 shares of the company’s stock worth $2,386,944,000 after buying an additional 356,902 shares during the last quarter. Morgan Stanley boosted its stake in Robinhood Markets by 23.9% in the 4th quarter. Morgan Stanley now owns 10,683,776 shares of the company’s stock worth $1,208,335,000 after buying an additional 2,061,832 shares during the last quarter. Finally, Norges Bank purchased a new stake in Robinhood Markets in the 4th quarter valued at about $1,202,160,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets News Roundup

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HOOD. Weiss Ratings reiterated a “hold (c)” rating on shares of Robinhood Markets in a research note on Friday, March 27th. Argus began coverage on shares of Robinhood Markets in a research note on Friday, January 9th. They set a “buy” rating and a $145.00 price target on the stock. New Street Research set a $122.00 price target on shares of Robinhood Markets in a research report on Thursday, March 5th. Needham & Company LLC decreased their price objective on shares of Robinhood Markets from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Piper Sandler cut their target price on Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Eighteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Robinhood Markets has a consensus rating of “Moderate Buy” and a consensus price target of $117.58.

View Our Latest Report on Robinhood Markets

Robinhood Markets Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Robinhood Markets (NASDAQ:HOOD)

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