Robinhood Markets (NASDAQ:HOOD) Director Baiju Bhatt Sells 57,261 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 57,261 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $86.38, for a total transaction of $4,946,205.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Baiju Bhatt also recently made the following trade(s):

• On Friday, March 20th, Baiju Bhatt sold 67,422 shares of Robinhood Markets stock. The shares were sold at an average price of $71.32, for a total value of $4,808,537.04.
• On Monday, February 23rd, Baiju Bhatt sold 65,694 shares of Robinhood Markets stock. The stock was sold at an average price of $72.30, for a total value of $4,749,676.20.

Robinhood Markets Trading Up 0.6%

Robinhood Markets stock opened at $91.28 on Tuesday. Robinhood Markets, Inc. has a 12-month low of $39.21 and a 12-month high of $153.86. The stock has a market cap of $82.18 billion, a P/E ratio of 44.31, a PEG ratio of 2.64 and a beta of 2.46. The company has a 50-day moving average price of $75.41 and a 200 day moving average price of $105.67.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly 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 business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.01 EPS. As a group, analysts forecast that Robinhood Markets, Inc. will post 2.01 EPS for the current year.

Robinhood Markets News Summary

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

• Positive Sentiment: Mizuho raised its price target to $115 (Outperform), citing the SEC’s removal of the $25,000 PDT requirement and an expected surge in intraday trading activity that benefits Robinhood’s products and margin revenue. This analyst backing is a near-term catalyst for sentiment and multiple expansion. Mizuho Raises Robinhood to $115
• Positive Sentiment: The SEC officially replaced the $25,000 pattern-day-trader rule with a modern intraday margin framework, allowing much smaller accounts to day trade — a structural tailwind for Robinhood’s active-user engagement, order flow and margin revenues. The PDT Rule Is On Its Way Out
• Positive Sentiment: Analyst and media commentary highlights Robinhood’s push beyond trading into payments, subscriptions and crypto, strengthening the bull case for diversified revenue streams and longer-term monetization. This narrative supports investor optimism around multiple re-rating if execution continues. Robinhood Expands Beyond Trading
• Neutral Sentiment: Billionaire investor John Arnold warned that prediction markets can endanger young users — commentary that could influence regulatory scrutiny around new products but is not an immediate operational issue for Robinhood. John Arnold: Prediction Markets Endanger Young Users
• Neutral Sentiment: CEO Vlad Tenev gave media interviews about his vision and legacy — positive for brand/storytelling but unlikely to move fundamentals near-term. Vlad Tenev Interview
• Negative Sentiment: Director Baiju Bhatt sold 57,261 shares under a pre-arranged Rule 10b5-1 plan (roughly $4.95M at the trade price); additional reporting flagged insider sales of ~$725k. While preplanned sales are common, sizable insider disposals can create short-term selling pressure or signal liquidity needs. SEC Filing: Baiju Bhatt Sale

Institutional Investors Weigh In On Robinhood Markets

A number of hedge funds have recently added to or reduced their stakes in HOOD. Caisse Des Depots ET Consignations acquired a new position in shares of Robinhood Markets during the third quarter worth about $3,984,000. Aberdeen Group plc raised its holdings in Robinhood Markets by 565.1% in the third 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 in the last quarter. Jennison Associates LLC purchased a new position in Robinhood Markets in the third quarter worth approximately $322,823,000. NEOS Investment Management LLC purchased a new position in Robinhood Markets in the third quarter worth approximately $11,994,000. Finally, New York Life Investment Management LLC acquired a new position in Robinhood Markets during the 3rd quarter worth approximately $14,989,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HOOD shares. Sanford C. Bernstein reissued an “outperform” rating and issued a $130.00 price target on shares of Robinhood Markets in a research note on Tuesday, April 14th. Truist Financial dropped their target price on shares of Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a report on Monday, April 13th. New Street Research set a $122.00 target price on Robinhood Markets in a research report on Thursday, March 5th. Zacks Research cut Robinhood Markets from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 8th. Finally, Cantor Fitzgerald lowered their price target on Robinhood Markets from $130.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, February 17th. Eighteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $109.63.

About Robinhood Markets

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.