Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Sells 250,000 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 250,000 shares of Robinhood Markets stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $22.88, for a total value of $5,720,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, September 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The shares were sold at an average price of $19.26, for a total value of $4,815,000.00.
• On Monday, August 5th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The shares were sold at an average price of $16.05, for a total value of $4,012,500.00.

Robinhood Markets Trading Up 9.8 %

HOOD stock traded up $2.29 during trading on Tuesday, reaching $25.61. The stock had a trading volume of 39,211,015 shares, compared to its average volume of 15,512,104. Robinhood Markets, Inc. has a 1-year low of $7.91 and a 1-year high of $25.80. The company has a market capitalization of $22.51 billion, a P/E ratio of 169.27 and a beta of 1.84. The firm has a fifty day moving average price of $20.61 and a 200 day moving average price of $20.41.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. The firm had revenue of $682.00 million for the quarter, compared to analyst estimates of $640.39 million. Robinhood Markets had a net margin of 12.96% and a return on equity of 4.25%. The firm’s revenue was up 40.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 EPS. Sell-side analysts predict that Robinhood Markets, Inc. will post 0.76 EPS for the current year.

Institutional Investors Weigh In On Robinhood Markets

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Robinhood Markets by 1.8% during the first quarter. Vanguard Group Inc. now owns 56,828,633 shares of the company’s stock worth $1,143,960,000 after acquiring an additional 1,003,535 shares during the period. Banque Cantonale Vaudoise raised its stake in Robinhood Markets by 21,404.0% during the first quarter. Banque Cantonale Vaudoise now owns 96,768 shares of the company’s stock worth $1,948,000 after acquiring an additional 96,318 shares during the period. UniSuper Management Pty Ltd raised its stake in Robinhood Markets by 87.1% during the first quarter. UniSuper Management Pty Ltd now owns 5,800 shares of the company’s stock worth $117,000 after acquiring an additional 2,700 shares during the period. Wellington Management Group LLP acquired a new stake in Robinhood Markets during the fourth quarter worth about $8,299,000. Finally, O Neil Global Advisors Inc. acquired a new stake in Robinhood Markets during the second quarter worth about $2,298,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HOOD shares. Keefe, Bruyette & Woods cut their price target on Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. The Goldman Sachs Group boosted their price objective on shares of Robinhood Markets from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Bank of America boosted their price objective on shares of Robinhood Markets from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Piper Sandler reissued an “overweight” rating and set a $27.00 price objective on shares of Robinhood Markets in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Robinhood Markets from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $23.83.

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.