On October 8, 2024, Steven Quirk, the Chief Brokerage Officer at Robinhood Markets Inc (HOOD, Financial), sold 208,291 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 346,020 shares of Robinhood Markets Inc.
Robinhood Markets Inc operates as a financial services company in the United States. It provides a platform for users to invest in stocks, ETFs, options, and cryptocurrencies.
Over the past year, Steven Quirk has sold a total of 269,186 shares of the company and has not made any purchases. The insider transaction history for Robinhood Markets Inc shows a total of 60 insider sells and no insider buys over the past year.
Shares of Robinhood Markets Inc were trading at $24.98 on the day of the transaction. The company has a market cap of approximately $22.56 billion. The price-earnings ratio stands at 77.27, significantly higher than the industry median of 18.855 and the company's historical median.
According to the GF Value, the intrinsic value estimate for Robinhood Markets Inc is $16.43 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.52.
The GF Value is calculated based on historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This recent sale by the insider may be of interest to current and potential investors, providing insight into insider confidence and stock valuation perceptions at Robinhood Markets Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
