Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report) insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $17.83, for a total transaction of $222,875.00. Following the completion of the sale, the insider now owns 854,995 shares in the company, valued at $15,244,560.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Robinhood Markets Stock Performance
Shares of HOOD opened at $17.85 on Thursday. The company has a market cap of $15.61 billion, a price-to-earnings ratio of -29.75 and a beta of 1.74. The stock has a fifty day moving average price of $17.78 and a two-hundred day moving average price of $13.37. Robinhood Markets, Inc. has a 52-week low of $7.91 and a 52-week high of $20.55.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $471.00 million during the quarter, compared to analysts’ expectations of $454.73 million. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. The firm’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.19) earnings per share. As a group, research analysts predict that Robinhood Markets, Inc. will post 0.29 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
View Our Latest Research Report on Robinhood Markets
Institutional Trading of Robinhood Markets
A number of hedge funds and other institutional investors have recently modified their holdings of HOOD. Angeles Wealth Management LLC lifted its holdings in Robinhood Markets by 5.3% during the 1st quarter. Angeles Wealth Management LLC now owns 12,207 shares of the company’s stock worth $246,000 after buying an additional 610 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Robinhood Markets by 25.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 35,347 shares of the company’s stock valued at $712,000 after acquiring an additional 7,271 shares during the last quarter. Entropy Technologies LP increased its position in Robinhood Markets by 87.2% in the first quarter. Entropy Technologies LP now owns 151,924 shares of the company’s stock worth $3,058,000 after purchasing an additional 70,771 shares during the period. Edmond DE Rothschild Holding S.A. bought a new stake in Robinhood Markets during the 1st quarter worth about $1,610,000. Finally, SG Americas Securities LLC lifted its position in Robinhood Markets by 62.5% during the 1st quarter. SG Americas Securities LLC now owns 283,684 shares of the company’s stock valued at $5,711,000 after purchasing an additional 109,059 shares during the period. Institutional investors and hedge funds 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.
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