Robinhood Markets, Inc. (NASDAQ:HOOD) Director Sells $4,770,884.52 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) Director Baiju Bhatt sold 94,156 shares of the stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $50.67, for a total transaction of $4,770,884.52. Following the completion of the sale, the director now directly owns 7,863 shares in the company, valued at $398,418.21. This trade represents a 92.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, April 23rd, Baiju Bhatt sold 47,133 shares of Robinhood Markets stock. The shares were sold at an average price of $45.27, for a total value of $2,133,710.91.
• On Wednesday, April 16th, Baiju Bhatt sold 223,072 shares of Robinhood Markets stock. The stock was sold at an average price of $41.24, for a total value of $9,199,489.28.
• On Monday, March 24th, Baiju Bhatt sold 47,023 shares of Robinhood Markets stock. The stock was sold at an average price of $46.37, for a total transaction of $2,180,456.51.
• On Friday, March 21st, Baiju Bhatt sold 223,528 shares of Robinhood Markets stock. The shares were sold at an average price of $43.21, for a total transaction of $9,658,644.88.
• On Thursday, February 13th, Baiju Bhatt sold 522,180 shares of Robinhood Markets stock. The stock was sold at an average price of $62.70, for a total transaction of $32,740,686.00.
• On Friday, February 7th, Baiju Bhatt sold 90,866 shares of Robinhood Markets stock. The stock was sold at an average price of $55.34, for a total value of $5,028,524.44.

Robinhood Markets Price Performance

Robinhood Markets stock traded up $1.97 during midday trading on Friday, reaching $48.59. The stock had a trading volume of 59,084,034 shares, compared to its average volume of 25,671,566. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91. The firm's fifty day simple moving average is $43.03 and its two-hundred day simple moving average is $41.41. The firm has a market cap of $43.02 billion, a price-to-earnings ratio of 30.95, a PEG ratio of 1.05 and a beta of 2.17.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The firm had revenue of $927.00 million during the quarter, compared to analysts' expectations of $917.12 million. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The business's revenue for the quarter was up 50.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 EPS. As a group, sell-side analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on HOOD. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Robinhood Markets from $75.00 to $61.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Morgan Stanley lowered Robinhood Markets from an "overweight" rating to an "equal weight" rating and set a $40.00 target price on the stock. in a research report on Tuesday, April 8th. Raymond James began coverage on shares of Robinhood Markets in a research note on Wednesday, February 5th. They set a "market perform" rating on the stock. Piper Sandler increased their price objective on shares of Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Finally, KeyCorp reduced their price objective on shares of Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Robinhood Markets presently has an average rating of "Moderate Buy" and an average target price of $53.24.

Institutional Trading of Robinhood Markets

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kingsview Wealth Management LLC lifted its holdings in Robinhood Markets by 116.9% in the 1st quarter. Kingsview Wealth Management LLC now owns 34,622 shares of the company's stock worth $1,441,000 after purchasing an additional 18,657 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new position in Robinhood Markets in the 1st quarter valued at $495,000. Victory Capital Management Inc. raised its holdings in Robinhood Markets by 9.9% in the 1st quarter. Victory Capital Management Inc. now owns 242,022 shares of the company's stock worth $10,073,000 after acquiring an additional 21,862 shares during the period. Larson Financial Group LLC lifted its position in shares of Robinhood Markets by 66.0% during the 1st quarter. Larson Financial Group LLC now owns 1,524 shares of the company's stock worth $63,000 after purchasing an additional 606 shares during the last quarter. Finally, Wealthfront Advisers LLC boosted its stake in Robinhood Markets by 213.2% during the 1st quarter. Wealthfront Advisers LLC now owns 132,162 shares of the company's stock valued at $5,501,000 after purchasing an additional 89,971 shares during the period. Institutional investors and hedge funds own 93.27% of the company's stock.

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.