Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Sells 340 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CEO Vladimir Tenev sold 340 shares of the firm's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $101.50, for a total transaction of $34,510.00. Following the completion of the transaction, the chief executive officer directly owned 114,175 shares in the company, valued at approximately $11,588,762.50. This represents a 0.30% decrease in their ownership of the stock. The transaction 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 Monday, July 14th, Vladimir Tenev sold 114,175 shares of Robinhood Markets stock. The shares were sold at an average price of $101.65, for a total transaction of $11,605,888.75.
• On Tuesday, July 1st, Vladimir Tenev sold 750,000 shares of Robinhood Markets stock. The shares were sold at an average price of $93.27, for a total transaction of $69,952,500.00.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD traded up $3.71 during midday trading on Wednesday, reaching $103.25. The stock had a trading volume of 54,537,635 shares, compared to its average volume of 30,643,391. The firm has a market cap of $91.42 billion, a price-to-earnings ratio of 58.67, a price-to-earnings-growth ratio of 5.14 and a beta of 2.36. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $104.59. The company's 50 day moving average price is $76.60 and its 200 day moving average price is $56.58.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share (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 analyst estimates of $917.12 million. Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. The firm's revenue for the quarter was up 50.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. Equities analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Mizuho raised their price target on shares of Robinhood Markets from $80.00 to $99.00 and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Needham & Company LLC restated a "buy" rating and issued a $71.00 price target on shares of Robinhood Markets in a research note on Tuesday, May 27th. Piper Sandler raised their price target on shares of Robinhood Markets from $70.00 to $110.00 and gave the company an "overweight" rating in a research note on Tuesday. Citigroup raised their price target on shares of Robinhood Markets from $50.00 to $100.00 and gave the company a "neutral" rating in a research note on Monday, July 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Robinhood Markets from $70.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.29.

Institutional Trading of Robinhood Markets

Several hedge funds have recently modified their holdings of HOOD. Ballentine Partners LLC increased its stake in Robinhood Markets by 2.3% during the 2nd quarter. Ballentine Partners LLC now owns 6,624 shares of the company's stock valued at $620,000 after purchasing an additional 148 shares in the last quarter. MetLife Investment Management LLC increased its stake in Robinhood Markets by 1.5% during the 4th quarter. MetLife Investment Management LLC now owns 11,806 shares of the company's stock valued at $440,000 after purchasing an additional 171 shares in the last quarter. Cigna Investments Inc. New increased its stake in Robinhood Markets by 2.7% during the 1st quarter. Cigna Investments Inc. New now owns 6,730 shares of the company's stock valued at $280,000 after purchasing an additional 174 shares in the last quarter. Hemington Wealth Management increased its stake in Robinhood Markets by 52.2% during the 1st quarter. Hemington Wealth Management now owns 636 shares of the company's stock valued at $26,000 after purchasing an additional 218 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Robinhood Markets by 4.0% during the 1st quarter. Farther Finance Advisors LLC now owns 6,890 shares of the company's stock valued at $290,000 after purchasing an additional 265 shares in the last quarter. Institutional investors own 93.27% of the company's stock.

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.