Robinhood Markets (NASDAQ:HOOD) Trading Down 6.6% on Insider Selling

Posted by Geri Gentry on Jun 5th, 2026

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report) traded down 6.6% on Friday after an insider sold shares in the company. The company traded as low as $79.49 and last traded at $82.47. 35,141,274 shares traded hands during trading, an increase of 18% from the average session volume of 29,827,721 shares. The stock had previously closed at $88.33.

Specifically, insider Steven M. Quirk sold 10,837 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $85.91, for a total transaction of $931,006.67. Following the sale, the insider owned 81,989 shares of the company’s stock, valued at approximately $7,043,674.99. This trade represents a 11.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $83.68, for a total value of $836,800.00. Following the sale, the insider directly owned 481,396 shares in the company, valued at $40,283,217.28. The trade was a 2.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Morgan Stanley dropped their price objective on Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. Sanford C. Bernstein reiterated an “outperform” rating and set a $130.00 target price on shares of Robinhood Markets in a report on Tuesday, April 14th. Cantor Fitzgerald reiterated an “overweight” rating and set a $110.00 target price on shares of Robinhood Markets in a report on Wednesday, April 29th. Jefferies Financial Group lowered their target price on Robinhood Markets from $88.00 to $84.00 and set a “buy” rating for the company in a report on Monday, April 6th. Finally, Argus lowered their target price on Robinhood Markets from $102.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Nineteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Robinhood Markets currently has an average rating of “Moderate Buy” and an average target price of $106.54.

Check Out Our Latest Stock Analysis on HOOD

Key Robinhood Markets News

Here are the key news stories impacting Robinhood Markets this week:

Positive Sentiment: Director Meyer Malka bought 181,000 shares for about $15.1 million, a notable insider purchase that signals confidence in Robinhood’s outlook and helped support sentiment around the stock.
Positive Sentiment: Robinhood is getting a fresh growth narrative from its plan to open SpaceX IPO access to everyday investors, which could attract new users, deposits, and more engagement on the platform. Article Title
Positive Sentiment: FINRA’s elimination of the pattern day trader rule removes a major barrier for small-account traders, which could broaden Robinhood’s addressable market and increase trading activity. Article Title
Positive Sentiment: Goldman Sachs raised its price target on HOOD to $105 and kept a buy rating, reinforcing a constructive view on the stock despite recent volatility.
Positive Sentiment: Robinhood continues expanding beyond basic brokerage with advisor-network, AI, and wealth-management initiatives, which investors may see as a path to higher-quality recurring revenue. Article Title

Robinhood Markets Stock Performance

The company has a market cap of $74.27 billion, a P/E ratio of 39.84, a PEG ratio of 2.48 and a beta of 2.35. The company has a fifty day moving average price of $77.90 and a two-hundred day moving average price of $93.10.

Robinhood Markets (NASDAQ:HOOD – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. Robinhood Markets’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. Research analysts anticipate that Robinhood Markets, Inc. will post 1.85 EPS for the current year.

Hedge Funds Weigh In On Robinhood Markets

Hedge funds have recently modified their holdings of the stock. Caisse Des Depots ET Consignations bought a new position in Robinhood Markets during the third quarter worth about $3,984,000. Aberdeen Group plc grew its holdings in Robinhood Markets by 565.1% during the third quarter. Aberdeen Group plc now owns 185,538 shares of the company’s stock worth $26,565,000 after purchasing an additional 157,643 shares during the period. NEOS Investment Management LLC bought a new position in Robinhood Markets during the third quarter worth about $11,994,000. Truist Financial Corp grew its holdings in Robinhood Markets by 88.9% during the fourth quarter. Truist Financial Corp now owns 145,489 shares of the company’s stock worth $16,455,000 after purchasing an additional 68,458 shares during the period. Finally, New York Life Investment Management LLC bought a new position in Robinhood Markets during the third quarter worth about $14,989,000. Institutional investors own 93.27% of the company’s stock.

About Robinhood Markets

(Get Free Report)

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.