Left Brain Wealth Management LLC cut its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD – Free Report) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,044 shares of the company’s stock after selling 6,665 shares during the quarter. Robinhood Markets comprises 3.2% of Left Brain Wealth Management LLC’s portfolio, making the stock its 8th biggest holding. Left Brain Wealth Management LLC’s holdings in Robinhood Markets were worth $9,279,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in HOOD. Caisse Des Depots ET Consignations acquired a new position in Robinhood Markets in the 3rd quarter valued at $3,984,000. Aberdeen Group plc boosted its position in shares of Robinhood Markets by 565.1% in the third quarter. Aberdeen Group plc now owns 185,538 shares of the company’s stock valued at $26,565,000 after acquiring an additional 157,643 shares during the period. Jennison Associates LLC bought a new stake in shares of Robinhood Markets in the third quarter valued at about $322,823,000. NEOS Investment Management LLC bought a new stake in shares of Robinhood Markets in the third quarter valued at about $11,994,000. Finally, New York Life Investment Management LLC bought a new stake in shares of Robinhood Markets in the third quarter valued at about $14,989,000. 93.27% of the stock is owned by institutional investors and hedge funds.
Robinhood Markets Stock Performance
HOOD opened at $77.14 on Friday. The firm has a market cap of $69.47 billion, a P/E ratio of 37.27, a price-to-earnings-growth ratio of 2.64 and a beta of 2.29. Robinhood Markets, Inc. has a 52-week low of $59.68 and a 52-week high of $153.86. The business’s fifty day moving average is $76.46 and its 200-day moving average is $98.89.
Insider Buying and Selling at Robinhood Markets
In related news, CFO Shiv Verma sold 5,436 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $85.86, for a total transaction of $466,734.96. Following the completion of the sale, the chief financial officer directly owned 52,747 shares in the company, valued at $4,528,857.42. This represents a 9.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeffrey Tsvi Pinner sold 5,835 shares of the company’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $83.92, for a total value of $489,673.20. Following the sale, the chief technology officer owned 12,171 shares of the company’s stock, valued at approximately $1,021,390.32. This represents a 32.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 487,907 shares of company stock worth $35,444,040 over the last quarter. 14.47% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
HOOD has been the subject of a number of recent research reports. Truist Financial reduced their target price on shares of Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Piper Sandler reduced their target price on shares of Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Needham & Company LLC reduced their target price on shares of Robinhood Markets from $95.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. JPMorgan Chase & Co. reduced their target price on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a research report on Wednesday, April 29th. Eighteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.88.
Read Our Latest Analysis on HOOD
Key Headlines Impacting Robinhood Markets
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: April 2026 trading data showed higher equity and options activity, while platform assets jumped 49% year over year to $345.4 billion, signaling continued user engagement and growth for Robinhood. Article Title
- Positive Sentiment: The Senate Banking Committee advanced the Digital Asset Clarity Act, which could reduce regulatory uncertainty around crypto trading and is viewed as a constructive development for Robinhood’s crypto business. Article Title
- Positive Sentiment: Tiger Global Management disclosed a new first-quarter position in Robinhood in its latest 13-F filing, which may be seen as a vote of confidence from a major hedge fund. Article Title
- Neutral Sentiment: Robinhood’s exchange Rothera self-certified its first prediction market contracts, adding another product area that could broaden the platform over time. Article Title
- Negative Sentiment: Crypto-related stocks, including Robinhood, lost momentum as the initial rally tied to crypto legislation faded and investors refocused on broader market and digital asset risks. Article Title
About Robinhood Markets
Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.
Robinhood’s core products and services include a mobile app and web platform for trading U.S.
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