Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Robinhood Markets, Inc. NASDAQ: HOOD. In a filing disclosed on April 22nd, the Representative disclosed that they had sold between $1,001 and $15,000 in Robinhood Markets stock on April 3rd. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Reddit NYSE: RDDT on 4/4/2025.
- Purchased $1,001 - $15,000 in shares of Okta NASDAQ: OKTA on 4/4/2025.
- Sold $1,001 - $15,000 in shares of Cloudflare NYSE: NET on 4/4/2025.
- Sold $1,001 - $15,000 in shares of SanDisk NASDAQ: SNDK on 4/4/2025.
- Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 4/3/2025.
- Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 4/3/2025.
- Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 4/3/2025.
- Sold $1,001 - $15,000 in shares of Shopify NYSE: SHOP on 4/3/2025.
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/2/2025.
- Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 4/1/2025.
Robinhood Markets Stock Up 6.3 %
Shares of HOOD opened at $44.75 on Thursday. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91. The stock has a market capitalization of $39.62 billion, a P/E ratio of 28.50, a P/E/G ratio of 1.05 and a beta of 2.17. The company has a 50 day moving average of $44.05 and a 200-day moving average of $40.45.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its 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%. On average, sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have recently issued reports on HOOD. JMP Securities dropped their price objective on Robinhood Markets from $77.00 to $70.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Mizuho upped their price target on shares of Robinhood Markets from $60.00 to $65.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Morgan Stanley downgraded shares of Robinhood Markets from an "overweight" rating to an "equal weight" rating and set a $40.00 price objective for the company. in a research report on Tuesday, April 8th. Needham & Company LLC dropped their target price on shares of Robinhood Markets from $70.00 to $62.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Finally, JPMorgan Chase & Co. boosted their price target on Robinhood Markets from $39.00 to $45.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.88.
Check Out Our Latest Stock Analysis on Robinhood Markets
Hedge Funds Weigh In On Robinhood Markets
Hedge funds have recently bought and sold shares of the company. IFP Advisors Inc boosted its position in shares of Robinhood Markets by 601.1% during the 4th quarter. IFP Advisors Inc now owns 4,396 shares of the company's stock worth $164,000 after acquiring an additional 3,769 shares in the last quarter. Everence Capital Management Inc. bought a new stake in Robinhood Markets during the fourth quarter worth $634,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Robinhood Markets by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company's stock valued at $175,857,000 after purchasing an additional 138,267 shares in the last quarter. Atomi Financial Group Inc. boosted its holdings in shares of Robinhood Markets by 20.7% in the 4th quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company's stock valued at $20,154,000 after purchasing an additional 92,613 shares in the last quarter. Finally, Requisite Capital Management LLC acquired a new position in shares of Robinhood Markets during the 4th quarter worth $266,000. 93.27% of the stock is owned by institutional investors.
Insider Transactions at Robinhood Markets
In other news, Director Baiju Bhatt sold 223,072 shares of the stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $41.24, for a total value of $9,199,489.28. Following the completion of the transaction, the director now directly owns 7,863 shares in the company, valued at approximately $324,270.12. This represents a 96.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the business's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $34.51, for a total value of $201,987.03. Following the sale, the chief technology officer now owns 5,853 shares in the company, valued at $201,987.03. This represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,193,327 shares of company stock valued at $107,903,039. Corporate insiders own 19.95% of the company's stock.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
Robinhood Markets Company Profile
(
Get Free Report)
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.
Further Reading
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