Steven Quirk Sells 8,540 Shares of Robinhood Markets (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Steven Quirk sold 8,540 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $84.93, for a total transaction of $725,302.20. Following the sale, the insider directly owned 53,183 shares of the company’s stock, valued at approximately $4,516,832.19. This trade represents a 13.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD opened at $90.75 on Friday. The company has a market cap of $81.70 billion, a price-to-earnings ratio of 44.05, a PEG ratio of 2.52 and a beta of 2.46. The firm has a 50 day simple moving average of $75.32 and a 200 day simple moving average of $106.28. Robinhood Markets, Inc. has a one year low of $39.21 and a one year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The firm’s revenue was up 26.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.01 EPS. As a group, analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: SEC scraps the $25,000 pattern-day-trader rule — seen as a structural win for retail brokers like Robinhood because it lowers the barrier to frequent trading for smaller accounts, potentially increasing order flow, active users and engagement. Read More.
• Positive Sentiment: Analysts and commentators are bullish on the tailwind — firms including Goldman and Sanford C. Bernstein have highlighted the rule change as supportive of HOOD’s growth outlook and reiterated favorable views. That analyst optimism is amplifying the rally. Read More.
• Positive Sentiment: Public endorsements from market pundits — Jim Cramer discussed Robinhood positively on-air, praising management and calling the company well positioned for the policy shift, which helps investor sentiment and retail interest. Read More.
• Neutral Sentiment: Valuation and sell-off commentary — coverage (Forbes/Yahoo) notes HOOD’s recent multi-month pullback and lower forward P/E, framing the current move as both a reaction to catalysts and a valuation re-rating discussion for longer-term investors. Read More.
• Negative Sentiment: Charles Schwab plans to launch direct Bitcoin/Ethereum trading — Schwab’s entry (24/7 spot trading, low fees) raises competitive pressure on Robinhood’s crypto business and could weigh on crypto revenue and user retention. Read More.
• Negative Sentiment: Insider stock sales disclosed — CFO Shiv Verma and insider Steven M. Quirk sold sizable blocks on April 15; both trades were reported as executed under pre-arranged Rule 10b5-1 plans, which mutes the governance concern but can still create short-term selling pressure and negative headlines. Read More. / Read More.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Citizens Jmp dropped their price objective on shares of Robinhood Markets from $180.00 to $155.00 and set a “market outperform” rating for the company in a research note on Friday, April 10th. Keefe, Bruyette & Woods assumed coverage on shares of Robinhood Markets in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Robinhood Markets in a research note on Friday, March 27th. Loop Capital set a $130.00 price objective on shares of Robinhood Markets in a research note on Monday, February 9th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $130.00 price objective on shares of Robinhood Markets in a research note on Tuesday, April 14th. Eighteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $109.42.

Institutional Investors Weigh In On Robinhood Markets

Large investors have recently bought and sold shares of the stock. Valley National Advisers Inc. grew its holdings in Robinhood Markets by 113.6% in the third quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the period. Sound Income Strategies LLC grew its holdings in Robinhood Markets by 152.6% in the fourth quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock worth $26,000 after purchasing an additional 145 shares during the period. CYBER HORNET ETFs LLC grew its holdings in Robinhood Markets by 527.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after purchasing an additional 190 shares during the period. Golden State Wealth Management LLC grew its holdings in Robinhood Markets by 107.6% in the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock worth $27,000 after purchasing an additional 99 shares during the period. Finally, Elyxium Wealth LLC acquired a new stake in Robinhood Markets in the fourth quarter worth $27,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

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.