Steven Quirk Sells 19,377 Shares of Robinhood Markets (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Steven Quirk sold 19,377 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $119.96, for a total value of $2,324,464.92. Following the completion of the sale, the insider owned 62,612 shares of the company’s stock, valued at approximately $7,510,935.52. This trade represents a 23.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robinhood Markets Price Performance

NASDAQ:HOOD traded down $4.65 during trading hours on Tuesday, reaching $112.90. 21,745,270 shares of the company were exchanged, compared to its average volume of 30,399,785. The business has a 50 day moving average of $88.38 and a 200 day moving average of $89.42. Robinhood Markets, Inc. has a 1-year low of $63.51 and a 1-year high of $153.86. The company has a market capitalization of $101.67 billion, a P/E ratio of 54.54, a P/E/G ratio of 2.53 and a beta of 2.33.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. Robinhood Markets’s revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 earnings per share. As a group, equities research analysts anticipate that Robinhood Markets, Inc. will post 1.81 earnings per share for the current fiscal year.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: China Renaissance initiated coverage on Robinhood with a buy rating, adding a fresh analyst endorsement and potentially improving sentiment around the stock.
• Positive Sentiment: Multiple reports highlighted Robinhood’s expanding growth story, including its international push, new AI-powered trading tools, and blockchain/DeFi initiatives, which investors may view as long-term revenue drivers. Robinhood (HOOD) Stock Soars 14% on AI Trading Platform and Blockchain Launch
• Positive Sentiment: Robinhood’s Trump Accounts commentary and related media coverage reinforced the idea that the company can monetize new product launches, especially as the program rolls out.
• Positive Sentiment: Analyst and media coverage also pointed to strengthening business momentum ahead of the company’s July 29 earnings report, with expectations that a beat could lead to estimate revisions and renewed upside.
• Neutral Sentiment: Several articles noted heavy investor attention on HOOD and broad fintech interest, but these are more sentiment indicators than direct fundamentals.
• Negative Sentiment: Some commentary still flagged lower 2026 earnings estimates, suggesting investors will be looking for confirmation that Robinhood’s new initiatives can translate into profits.

Institutional Investors Weigh In On Robinhood Markets

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Evolution Wealth Advisors LLC grew its position in shares of Robinhood Markets by 5.2% in the 4th quarter. Evolution Wealth Advisors LLC now owns 1,916 shares of the company’s stock valued at $217,000 after buying an additional 95 shares during the last quarter. CogentBlue Wealth Advisors LLC raised its holdings in Robinhood Markets by 4.1% during the fourth quarter. CogentBlue Wealth Advisors LLC now owns 2,489 shares of the company’s stock worth $282,000 after buying an additional 98 shares during the last quarter. SOA Wealth Advisors LLC. lifted its stake in shares of Robinhood Markets by 11.5% in the fourth quarter. SOA Wealth Advisors LLC. now owns 968 shares of the company’s stock valued at $109,000 after buying an additional 100 shares in the last quarter. Barnes Dennig Private Wealth Management LLC grew its holdings in shares of Robinhood Markets by 10.2% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 1,210 shares of the company’s stock valued at $137,000 after buying an additional 112 shares during the last quarter. Finally, Bogart Wealth LLC increased its position in shares of Robinhood Markets by 8.5% during the fourth quarter. Bogart Wealth LLC now owns 1,463 shares of the company’s stock worth $165,000 after acquiring an additional 114 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HOOD. JPMorgan Chase & Co. dropped their target price on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Citigroup reiterated a “market outperform” rating on shares of Robinhood Markets in a research report on Thursday, May 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Robinhood Markets in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Robinhood Markets from $105.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $155.00 target price on shares of Robinhood Markets in a report on Thursday, May 28th. Twenty-one investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $115.00.

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.