Robinhood Markets, Inc. (NASDAQ:HOOD) Insider Sells $1,225,500.00 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Daniel Martin Gallagher, Jr. sold 25,000 shares of Robinhood Markets stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $49.02, for a total transaction of $1,225,500.00. Following the transaction, the insider now directly owns 822,893 shares of the company’s stock, valued at $40,338,214.86. This represents a 2.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD opened at $44.42 on Friday. The stock has a market capitalization of $39.33 billion, a P/E ratio of 28.29, a P/E/G ratio of 1.05 and a beta of 2.14. The company has a 50-day moving average price of $48.93 and a 200-day moving average price of $35.64. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. As a group, equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HOOD shares. Sanford C. Bernstein lifted their target price on shares of Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Cantor Fitzgerald assumed coverage on shares of Robinhood Markets in a report on Thursday. They issued an “overweight” rating and a $69.00 price target for the company. Wolfe Research cut shares of Robinhood Markets from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. Needham & Company LLC raised their price target on shares of Robinhood Markets from $52.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Raymond James assumed coverage on shares of Robinhood Markets in a report on Wednesday, February 5th. They issued a “market perform” rating for the company. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.13.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Kilter Group LLC bought a new position in shares of Robinhood Markets during the fourth quarter valued at about $240,000. Siemens Fonds Invest GmbH bought a new position in shares of Robinhood Markets during the fourth quarter valued at about $217,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Robinhood Markets during the fourth quarter valued at about $4,886,000. Employees Retirement System of Texas bought a new position in shares of Robinhood Markets during the fourth quarter valued at about $1,609,000. Finally, Windmill Hill Asset Management Ltd bought a new position in shares of Robinhood Markets during the fourth quarter valued at about $493,000. 93.27% of the stock is owned by 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.