Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Sells 385,485 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CEO Vladimir Tenev sold 385,485 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $101.90, for a total value of $39,280,921.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, July 14th, Vladimir Tenev sold 114,175 shares of Robinhood Markets stock. The stock was sold at an average price of $101.65, for a total transaction of $11,605,888.75.
• On Friday, July 11th, Vladimir Tenev sold 340 shares of Robinhood Markets stock. The stock was sold at an average price of $101.50, for a total transaction of $34,510.00.
• 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 value of $69,952,500.00.

Robinhood Markets Stock Performance

HOOD stock traded up $4.29 during trading on Friday, hitting $109.74. The stock had a trading volume of 73,491,307 shares, compared to its average volume of 30,982,284. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $113.37. The stock has a market cap of $97.17 billion, a price-to-earnings ratio of 62.35, a price-to-earnings-growth ratio of 5.38 and a beta of 2.36. The company's 50 day moving average price is $78.73 and its two-hundred day moving average price is $57.55.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The business had revenue of $927.00 million during the quarter, compared to analysts' expectations of $917.12 million. Robinhood Markets had a net margin of 48.77% and a return on equity of 15.42%. Robinhood Markets's revenue for the quarter was up 50.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 EPS. As a group, sell-side analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HOOD has been the subject of several research analyst reports. Barclays raised their price target on Robinhood Markets from $57.00 to $102.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Citigroup increased their price target on shares of Robinhood Markets from $50.00 to $100.00 and gave the stock a "neutral" rating in a research report on Monday, July 7th. Redburn Atlantic restated a "sell" rating and issued a $48.00 price objective (up previously from $40.00) on shares of Robinhood Markets in a report on Monday, June 9th. Morgan Stanley increased their target price on shares of Robinhood Markets from $43.00 to $110.00 and gave the stock an "equal weight" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Robinhood Markets from $44.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Ballentine Partners LLC boosted its stake in shares of 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 buying an additional 148 shares during the last quarter. MetLife Investment Management LLC grew its holdings in Robinhood Markets by 1.5% during the 4th quarter. MetLife Investment Management LLC now owns 11,806 shares of the company's stock worth $440,000 after acquiring an additional 171 shares in the last quarter. Cigna Investments Inc. New increased its position in shares of Robinhood Markets by 2.7% in the 1st quarter. Cigna Investments Inc. New now owns 6,730 shares of the company's stock worth $280,000 after purchasing an additional 174 shares during the last quarter. Hemington Wealth Management raised its stake in shares of Robinhood Markets by 52.2% in 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 lifted its position in shares of Robinhood Markets by 4.0% during the first quarter. Farther Finance Advisors LLC now owns 6,890 shares of the company's stock worth $290,000 after purchasing an additional 265 shares during the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

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.

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