Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Sells $6,052,500.00 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 250,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $24.21, for a total transaction of $6,052,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Vladimir Tenev also recently made the following trade(s):

• On Friday, October 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The shares were sold at an average price of $22.88, for a total transaction of $5,720,000.00.
• On Wednesday, September 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $19.26, for a total value of $4,815,000.00.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $30.54 on Friday. The business has a 50 day simple moving average of $24.17 and a 200-day simple moving average of $21.77. Robinhood Markets, Inc. has a 12 month low of $7.91 and a 12 month high of $30.63. The stock has a market capitalization of $27.00 billion, a PE ratio of 51.76, a price-to-earnings-growth ratio of 0.72 and a beta of 1.84.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The firm had revenue of $637.00 million for the quarter, compared to analysts’ expectations of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The firm’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.09) EPS. As a group, equities research analysts anticipate that Robinhood Markets, Inc. will post 0.71 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on HOOD shares. Piper Sandler upped their target price on shares of Robinhood Markets from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. The Goldman Sachs Group dropped their price objective on shares of Robinhood Markets from $25.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Keefe, Bruyette & Woods decreased their price objective on shares of Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating for the company in a research report on Thursday, August 8th. Citigroup increased their target price on Robinhood Markets from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Finally, Barclays lifted their price target on Robinhood Markets from $23.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.17.

Institutional Trading of Robinhood Markets

Several hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its stake in shares of Robinhood Markets by 46.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock worth $29,000 after purchasing an additional 722 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Robinhood Markets during the 1st quarter valued at approximately $34,000. Commonwealth Equity Services LLC boosted its stake in shares of Robinhood Markets by 40.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 46,101 shares of the company’s stock worth $928,000 after acquiring an additional 13,202 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Robinhood Markets by 803.7% in the 1st quarter. Private Advisor Group LLC now owns 99,521 shares of the company’s stock worth $2,003,000 after acquiring an additional 88,508 shares during the period. Finally, Nordea Investment Management AB boosted its position in Robinhood Markets by 15.1% during the first quarter. Nordea Investment Management AB now owns 33,852 shares of the company’s stock worth $679,000 after purchasing an additional 4,447 shares in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

About Robinhood Markets

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.