A company insider recently sold 27,181 shares of Robinhood Markets Inc. [HOOD]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Robinhood Markets Inc. shares valued at $274,841 were sold by Gallagher Daniel Martin Jr on Aug 18. At $10.11 per share, Gallagher Daniel Martin Jr sold 27,181 shares. The insider’s holdings dropped to 211,567 shares worth approximately $2.04 million following the completion of this transaction.


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Also, Warnick Jason sold 20,000 shares, netting a total of over 213,414 in proceeds. Following the sale of shares at $10.67 each, the insider now holds 415,084 shares.

Before that, Gallagher Daniel Martin Jr had sold 110,000 shares from its account. In a trade valued at $1,180,069, the Chief Legal Officer traded Robinhood Markets Inc. shares for $10.73 each. Upon closing the transaction, the insider’s holdings decreased to 110,000 shares, worth approximately $2.21 million.

As published in a research note from Barclays on August 31, 2022, Robinhood Markets Inc. [HOOD] has been rated down from an Equal weight to an Underweight and the price target has been revised to $10. This represents a 3.5% premium over Thursday’s closing price. Analysts at Goldman upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in late June. As of June 15, 2022, Atlantic Equities has decreased its “Neutral” rating to a “an Underweight” for HOOD. Earlier on April 08, 2022, Goldman downgraded its rating. Their new recommendation was “a Sell” for HOOD stock which previously was a “a Neutral”.

Analyzing HOOD’s Price Performance

On Thursday, Robinhood Markets Inc. [NASDAQ: HOOD] plunged -2.72% to $9.65. The stock’s lowest price that day was $9.60, but it reached a high of $11.10 in the same session. During the last five days, there has been a drop of approximately -14.22%. Over the course of the year, Robinhood Markets Inc. shares have dropped approximately -45.66%. Shares of the company reached a 52-week high of $18.94 on 01/03/22 and a 52-week low of $6.81 on 06/16/22. A 50-day SMA is recorded $9.78, while a 200-day SMA reached $11.69. Nevertheless, trading volume fell to 28.86 million shares from 5.8 million shares the previous day.

Support And Resistance Levels for Robinhood Markets Inc. (HOOD)

According to the 24-hour chart, there is a support level at 9.13, which, if violated, would cause prices to drop to 8.62. In the upper region, resistance lies at 10.63. The next price resistance is at 11.62. RSI (Relative Strength Index) is 45.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.38, which suggests the price will decrease in the coming days. Percent R is at 83.86%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Robinhood Markets Inc. subject to short interest?

Stocks of Robinhood Markets Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -11.48 million shares to 45.09 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 56.57 million shares. A decline of -25.46% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.22 of the overall float, the days-to-cover ratio (short ratio) decline to 2.22.

Which companies own the most shares of Robinhood Markets Inc. (HOOD)?

According to The Vanguard Group, Inc. filings, the company currently owns 43,650,314 shares, which is about 5.80% of the total HOOD shares outstanding. The investor’s shares have appreciated by 3,606,038 from its previous 13-F filing of 40044276.0 shares. With the completion of the buy transaction, ARK Investment Management LLC’s stake is now worth $320,467,335. Nikko Asset Management Americas, acquire a 2.06% interest valued at $223.45 million while Nikko Asset Management Co., Ltd. 23,400,520 stake. In its current portfolio, SSgA Funds Management, Inc. holds 5,574,481 shares valued at $53.24 million.

In terms of Robinhood Markets Inc. share price expectations, FactSet research, analysts set an average price target of $11.38 in the next 12 months, up nearly 0.81% from the previous closing price of $9.92. Analysts anticipate Robinhood Markets Inc. stock to reach $28.00 by 2022, with the lowest price target being $7.00. On March 30, 2022, Morgan Stanley assigned a price target of “an Equal-weight” to the stock and initiated coverage with a $15.

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