Daniel Martin Gallagher Jr Sells 120,000 Shares of Robinhood Markets (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $132.13, for a total value of $15,855,600.00. Following the transaction, the insider directly owned 430,012 shares in the company, valued at approximately $56,817,485.56. This trade represents a 21.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Robinhood Markets Trading Down 3.7%

NASDAQ HOOD traded down $5.13 during midday trading on Friday, hitting $131.95. The company had a trading volume of 23,029,724 shares, compared to its average volume of 39,498,418. The firm has a 50-day moving average price of $133.09 and a 200-day moving average price of $108.96. Robinhood Markets, Inc. has a twelve month low of $29.66 and a twelve month high of $153.86. The company has a market capitalization of $118.65 billion, a PE ratio of 54.75, a P/E/G ratio of 3.00 and a beta of 2.43.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm posted $0.17 EPS. The company’s revenue for the quarter was up 100.0% compared to the same quarter last year. On average, equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HOOD shares. Bank of America lifted their target price on shares of Robinhood Markets from $139.00 to $157.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. KeyCorp boosted their price target on Robinhood Markets from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Zacks Research upgraded Robinhood Markets from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Robinhood Markets in a research report on Monday. Finally, Mizuho increased their price target on shares of Robinhood Markets from $145.00 to $172.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Robinhood Markets currently has an average rating of “Moderate Buy” and a consensus target price of $136.95.

Institutional Investors Weigh In On Robinhood Markets

Large investors have recently modified their holdings of the company. North Star Investment Management Corp. grew its stake in Robinhood Markets by 44.9% during the 3rd quarter. North Star Investment Management Corp. now owns 255 shares of the company’s stock worth $37,000 after buying an additional 79 shares during the last quarter. First Command Advisory Services Inc. raised its stake in shares of Robinhood Markets by 33.8% during the 3rd quarter. First Command Advisory Services Inc. now owns 321 shares of the company’s stock worth $46,000 after buying an additional 81 shares during the last quarter. CogentBlue Wealth Advisors LLC grew its holdings in Robinhood Markets by 3.8% during the 3rd quarter. CogentBlue Wealth Advisors LLC now owns 2,391 shares of the company’s stock valued at $342,000 after buying an additional 87 shares during the last quarter. ORG Partners LLC lifted its holdings in Robinhood Markets by 5.5% in the 3rd quarter. ORG Partners LLC now owns 1,876 shares of the company’s stock valued at $269,000 after purchasing an additional 97 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in Robinhood Markets by 107.6% in the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock worth $27,000 after buying an additional 99 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Company Profile

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.