Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt Sells 121,226 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 121,226 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $21.63, for a total transaction of $2,622,118.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Baiju Bhatt also recently made the following trade(s):

• On Thursday, May 30th, Baiju Bhatt sold 116,669 shares of Robinhood Markets stock. The shares were sold at an average price of $22.02, for a total transaction of $2,569,051.38.
• On Wednesday, May 15th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The shares were sold at an average price of $18.27, for a total transaction of $304,506.09.
• On Friday, May 10th, Baiju Bhatt sold 153,180 shares of Robinhood Markets stock. The shares were sold at an average price of $16.63, for a total transaction of $2,547,383.40.
• On Tuesday, April 23rd, Baiju Bhatt sold 154,160 shares of Robinhood Markets stock. The shares were sold at an average price of $17.61, for a total transaction of $2,714,757.60.
• On Thursday, April 18th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The shares were sold at an average price of $17.16, for a total transaction of $286,005.72.

Robinhood Markets Trading Down 4.1 %

HOOD opened at $21.37 on Tuesday. Robinhood Markets, Inc. has a 12 month low of $7.91 and a 12 month high of $24.28. The firm’s fifty day simple moving average is $19.64 and its 200 day simple moving average is $16.19. The stock has a market capitalization of $18.78 billion, a P/E ratio of 142.47 and a beta of 1.83.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.13. Robinhood Markets had a net margin of 6.22% and a return on equity of 1.86%. The firm had revenue of $618.00 million for the quarter, compared to analyst estimates of $552.74 million. During the same period in the previous year, the business earned ($0.57) EPS. The company’s revenue was up 40.1% compared to the same quarter last year. On average, equities research analysts predict that Robinhood Markets, Inc. will post 0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HOOD shares. Sanford C. Bernstein started coverage on shares of Robinhood Markets in a research note on Thursday, March 14th. They issued an “outperform” rating and a $30.00 price objective on the stock. Bank of America raised shares of Robinhood Markets from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $14.00 to $24.00 in a research report on Friday, May 17th. JMP Securities reissued a “market outperform” rating and set a $30.00 price target on shares of Robinhood Markets in a research report on Friday, June 7th. Needham & Company LLC reissued a “hold” rating on shares of Robinhood Markets in a research report on Thursday, June 6th. Finally, KeyCorp lifted their price target on shares of Robinhood Markets from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Robinhood Markets currently has an average rating of “Hold” and an average price target of $20.18.

Institutional Investors Weigh In On Robinhood Markets

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HOOD. Spire Wealth Management acquired a new stake in Robinhood Markets in the 4th quarter valued at $26,000. PNC Financial Services Group Inc. increased 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 last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Robinhood Markets during the 1st quarter worth about $34,000. Whittier Trust Co. increased its stake in shares of Robinhood Markets by 100.0% during the 4th quarter. Whittier Trust Co. now owns 4,634 shares of the company’s stock worth $59,000 after purchasing an additional 2,317 shares during the last quarter. Finally, SageView Advisory Group LLC acquired a new position in shares of Robinhood Markets during the 1st quarter worth about $84,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Company Profile

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.