Robinhood Markets (NASDAQ:HOOD) Stock: Insider Baiju Bhatt Sells 50,912 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 50,912 shares of the firm’s stock in a transaction that occurred on Wednesday, October 21st. The shares were sold at an average price of $101.40, for a total transaction of $5,162,476.80. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, September 10th, Baiju Bhatt sold 43,373 shares of Robinhood Markets stock. The stock was sold at an average price of $114.28, for a total transaction of $4,956,666.44.
• On Friday, August 14th, Baiju Bhatt sold 50,317 shares of Robinhood Markets stock. The shares were sold at an average price of $96.80, for a total value of $4,870,685.60.

Robinhood Markets Stock Down 1.6%

HOOD traded down $1.51 during trading on Friday, hitting $95.07. 13,858,000 shares of the company’s stock traded hands, compared to its average volume of 26,609,168. The company’s 50 day simple moving average is $109.41 and its two-hundred day simple moving average is $97.22. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23. Robinhood Markets, Inc. has a 12-month low of $63.51 and a 12-month high of $150.47. The stock has a market capitalization of $85.48 billion, a price-to-earnings ratio of 41.88, a PEG ratio of 2.03 and a beta of 2.35.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.18. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the company earned $0.42 EPS. The company’s quarterly revenue was up 32.5% compared to the same quarter last year. Analysts predict that Robinhood Markets, Inc. will post 2.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Robinhood Markets

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Robinhood Markets by 10.2% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,812,999 shares of the company’s stock worth $472,141,000 after buying an additional 632,403 shares during the last quarter. Amundi grew its holdings in shares of Robinhood Markets by 89.0% in the first quarter. Amundi now owns 6,385,232 shares of the company’s stock worth $442,497,000 after acquiring an additional 3,007,103 shares during the period. Amova Asset Management Americas Inc. increased its position in Robinhood Markets by 15.0% during the first quarter. Amova Asset Management Americas Inc. now owns 5,240,796 shares of the company’s stock valued at $362,925,000 after acquiring an additional 685,041 shares during the last quarter. Renaissance Technologies LLC increased its position in Robinhood Markets by 48.6% during the first quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company’s stock valued at $353,717,000 after acquiring an additional 1,668,400 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Robinhood Markets during the second quarter valued at $379,695,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

More Robinhood Markets News

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

• Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy rating and a $135 price target, adding to recent analyst optimism and suggesting substantial upside from current levels. Rosenblatt initiates coverage of Robinhood Markets
• Positive Sentiment: Robinhood received authorization to offer securities and crypto trading in Dubai, with a Middle East launch planned for 2027. The expansion could broaden its addressable market and diversify growth beyond the United States. Robinhood Gets Dubai License
• Positive Sentiment: Robinhood is expanding beyond its core brokerage through prediction markets, tokenized assets, lending, advisor technology and other products. Growing activity in bitcoin and gold prediction markets supports the case that the company can deepen customer relationships and increase revenue per user. Robinhood sees surge in bitcoin and gold prediction markets
• Positive Sentiment: Robinhood stock tokens are now usable as collateral on Morpho, potentially increasing the utility and adoption of its tokenization platform. Its Fusion platform also gained ICE Connect Wealth integration, strengthening its offering to registered investment advisors. Robinhood stock tokens go live on Morpho
• Neutral Sentiment: Analysts are expecting another solid quarter, but earnings estimates and key operating metrics will likely determine whether the stock can recover ahead of the October 27 report. Recent analyst price-target increases provide support, while the elevated valuation leaves less room for disappointment. Robinhood Markets quarterly earnings preview
• Negative Sentiment: Crypto revenue fell 38% year over year to $100 million in the second quarter, marking three consecutive quarters of decline. Although late-quarter trading activity improved, investors remain concerned that any recovery may not be large enough to materially improve results. Robinhood crypto revenue outlook

Analyst Upgrades and Downgrades

HOOD has been the topic of several recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Robinhood Markets in a research report on Tuesday, September 15th. Mizuho boosted their target price on Robinhood Markets from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 9th. Rosenblatt Securities initiated coverage on shares of Robinhood Markets in a research note on Wednesday. They set a “buy” rating and a $135.00 target price on the stock. Zacks Research raised shares of Robinhood Markets from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Finally, China Renaissance started coverage on shares of Robinhood Markets in a report on Tuesday, July 7th. They set a “buy” rating and a $156.80 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Robinhood Markets currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.29.

About Robinhood Markets

Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.

Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.