Robinhood Markets, Inc. (NASDAQ:HOOD) Insider Daniel Martin Gallagher, Jr. Sells 25,000 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $51.60, for a total value of $1,290,000.00. Following the transaction, the insider now owns 706,642 shares in the company, valued at $36,462,727.20. The trade was a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Robinhood Markets Trading Up 3.1 %

Shares of HOOD stock traded up $1.62 during trading hours on Wednesday, hitting $54.20. 16,609,957 shares of the company were exchanged, compared to its average volume of 20,669,109. The stock has a market capitalization of $47.91 billion, a price-to-earnings ratio of 91.87, a P/E/G ratio of 0.70 and a beta of 2.13. The firm has a fifty day simple moving average of $42.49 and a 200 day simple moving average of $30.59. Robinhood Markets, Inc. has a 52-week low of $10.53 and a 52-week high of $54.33.

Institutional Investors Weigh In On Robinhood Markets

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC bought a new position in Robinhood Markets during the fourth quarter worth about $26,000. HM Payson & Co. lifted 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 worth $28,000 after acquiring an additional 410 shares in the last quarter. Eastern Bank bought a new position in shares of Robinhood Markets in the third quarter worth $30,000. True Wealth Design LLC purchased a new position in shares of Robinhood Markets in the third quarter valued at $30,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Robinhood Markets during the 3rd quarter valued at $33,000. 93.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HOOD. Sanford C. Bernstein increased their price objective 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. JMP Securities increased their price target on Robinhood Markets from $33.00 to $40.00 and gave the stock a "market outperform" rating in a report on Tuesday, November 12th. 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 report on Thursday, December 5th. KeyCorp increased their target price on Robinhood Markets from $50.00 to $57.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Finally, Needham & Company LLC restated a "buy" rating and set a $52.00 price target (up previously from $40.00) on shares of Robinhood Markets in a research note on Monday, December 9th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Robinhood Markets presently has a consensus rating of "Moderate Buy" and an average target price of $43.73.

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.

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