Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) Insider Sells $1,290,000.00 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, February 3rd. The stock was sold at an average price of $51.60, for a total transaction of $1,290,000.00. Following the completion of the transaction, the insider now directly owns 706,642 shares in the company, valued at $36,462,727.20. This represents a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Robinhood Markets Stock Up 5.1 %

Robinhood Markets stock opened at $55.86 on Friday. The business’s 50-day moving average price is $43.49 and its 200 day moving average price is $31.13. The firm has a market cap of $49.38 billion, a price-to-earnings ratio of 94.68, a price-to-earnings-growth ratio of 0.70 and a beta of 2.13. Robinhood Markets, Inc. has a 52 week low of $11.00 and a 52 week high of $55.98.

Analyst Ratings Changes

HOOD has been the topic of several research analyst reports. The Goldman Sachs Group upgraded Robinhood Markets from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $40.00 to $46.00 in a research note on Friday, December 6th. Mizuho upped their price objective on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Friday. Barclays lifted their target price on shares of Robinhood Markets from $49.00 to $54.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Raymond James started coverage on shares of Robinhood Markets in a research note on Wednesday. They set a “market perform” rating on the stock. Finally, Piper Sandler lifted their price objective on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.67.

Institutional Investors Weigh In On Robinhood Markets

Hedge funds have recently bought and sold shares of the stock. New Wave Wealth Advisors LLC acquired a new position in shares of Robinhood Markets in the 4th quarter valued at $26,000. HM Payson & Co. increased its holdings in Robinhood Markets by 53.5% in 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 in the last quarter. Eastern Bank acquired a new position in shares of Robinhood Markets in the third quarter worth about $30,000. True Wealth Design LLC acquired a new stake in shares of Robinhood Markets during the 3rd quarter valued at about $30,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Robinhood Markets in the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

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.