Daniel Martin Gallagher, Jr. Sells 100,000 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Daniel Martin Gallagher, Jr. sold 100,000 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $40.45, for a total value of $4,045,000.00. Following the transaction, the insider now owns 731,642 shares of the company’s stock, valued at $29,594,918.90. This trade represents a 12.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Robinhood Markets Trading Up 0.6 %

NASDAQ HOOD opened at $40.81 on Thursday. The company has a market cap of $36.08 billion, a P/E ratio of 69.17, a PEG ratio of 0.81 and a beta of 2.07. The company has a fifty day simple moving average of $36.32 and a 200 day simple moving average of $27.20. Robinhood Markets, Inc. has a 12-month low of $10.38 and a 12-month high of $43.83.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The business had revenue of $637.00 million for the quarter, compared to analyst estimates of $660.53 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share. The firm’s quarterly revenue was up 36.4% compared to the same quarter last year. Sell-side analysts predict that Robinhood Markets, Inc. will post 0.8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HOOD shares. Sanford C. Bernstein boosted their price target on shares of Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Morgan Stanley upgraded shares of Robinhood Markets from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $24.00 to $55.00 in a report on Monday, November 25th. Barclays upgraded Robinhood Markets from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $26.00 to $49.00 in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on Robinhood Markets from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $52.00 target price (up previously from $40.00) on shares of Robinhood Markets in a research note on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.67.

Institutional Trading of Robinhood Markets

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HOOD. HM Payson & Co. boosted its position in shares of Robinhood Markets by 53.5% during the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after buying an additional 410 shares during the last quarter. True Wealth Design LLC purchased a new stake in Robinhood Markets in the 3rd quarter valued at $30,000. Eastern Bank bought a new position in Robinhood Markets during the 3rd quarter valued at $30,000. ORG Wealth Partners LLC purchased a new position in Robinhood Markets during the 3rd quarter worth $33,000. Finally, Connective Portfolio Management LLC bought a new stake in shares of Robinhood Markets in the 3rd quarter worth $47,000. 93.27% of the stock is owned by institutional investors.

About Robinhood Markets

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.