Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Sells $29,370,000.00 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $39.16, for a total value of $29,370,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, November 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $24.21, for a total transaction of $6,052,500.00.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD opened at $41.35 on Monday. Robinhood Markets, Inc. has a 1 year low of $10.38 and a 1 year high of $43.83. The company’s 50-day moving average is $35.52 and its 200 day moving average is $26.82. The stock has a market capitalization of $36.55 billion, a P/E ratio of 70.09, a P/E/G ratio of 0.81 and a beta of 2.09.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results 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 during the quarter, compared to analysts’ expectations of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The company’s revenue for the quarter was up 36.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.09) EPS. Research analysts anticipate that Robinhood Markets, Inc. will post 0.8 earnings per share for the current year.

Institutional Trading of Robinhood Markets

Hedge funds and other institutional investors have recently modified their holdings of the business. HM Payson & Co. lifted its position in Robinhood Markets by 53.5% during the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after acquiring an additional 410 shares during the period. True Wealth Design LLC purchased a new position in shares of Robinhood Markets during the third quarter valued at approximately $30,000. Eastern Bank purchased a new position in shares of Robinhood Markets during the third quarter valued at approximately $30,000. ORG Wealth Partners LLC bought a new stake in shares of Robinhood Markets in the 3rd quarter worth approximately $33,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Robinhood Markets in the 2nd quarter worth approximately $40,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods increased their target price on shares of Robinhood Markets from $24.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Piper Sandler raised their price objective on Robinhood Markets from $36.00 to $42.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Citigroup boosted their target price on Robinhood Markets from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. The Goldman Sachs Group upgraded Robinhood Markets from a “neutral” rating to a “buy” rating and increased their target price for the company from $40.00 to $46.00 in a report on Friday, December 6th. Finally, KeyCorp lifted their price target on Robinhood Markets from $30.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.20.

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.