Insider Selling: Robinhood Markets (NASDAQ:HOOD) CTO Sells 5,864 Shares of Stock

Key Points

• Jeffrey Tsvi Pinner, the Chief Technology Officer of Robinhood Markets, sold 5,864 shares of stock for approximately $727,898, representing a 24.76% decrease in his ownership.
• Robinhood Markets' shares are currently priced at $126.80, with a market cap of $112.68 billion and a one-year price range between $22.05 and $130.07.
• Recent quarterly earnings showed an EPS of $0.42, exceeding estimates by $0.12, along with a revenue of $989 million, up 45% year-over-year.

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CTO Jeffrey Tsvi Pinner sold 5,864 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $124.13, for a total transaction of $727,898.32. Following the sale, the chief technology officer owned 17,816 shares of the company's stock, valued at $2,211,500.08. This trade represents a 24.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jeffrey Tsvi Pinner also recently made the following trade(s):

• On Friday, September 5th, Jeffrey Tsvi Pinner sold 5,865 shares of Robinhood Markets stock. The stock was sold at an average price of $99.83, for a total transaction of $585,502.95.
• On Friday, July 25th, Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock. The shares were sold at an average price of $104.73, for a total transaction of $614,136.72.
• On Monday, July 7th, Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock. The shares were sold at an average price of $93.51, for a total transaction of $548,342.64.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD traded up $0.60 during mid-day trading on Wednesday, hitting $126.80. The company's stock had a trading volume of 26,909,697 shares, compared to its average volume of 42,280,043. The stock has a market cap of $112.68 billion, a price-to-earnings ratio of 64.37, a price-to-earnings-growth ratio of 4.63 and a beta of 2.36. Robinhood Markets, Inc. has a one year low of $22.05 and a one year high of $130.07. The company's fifty day simple moving average is $109.43 and its 200-day simple moving average is $77.23.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.12. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. The business had revenue of $989.00 million for the quarter, compared to analyst estimates of $893.93 million. During the same quarter last year, the firm earned $0.21 EPS. Robinhood Markets's quarterly revenue was up 45.0% compared to the same quarter last year. On average, sell-side analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Institutional Trading of Robinhood Markets

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Whipplewood Advisors LLC boosted its holdings in Robinhood Markets by 564.4% during the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock worth $25,000 after purchasing an additional 508 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in Robinhood Markets by 120.3% during the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company's stock worth $25,000 after purchasing an additional 148 shares during the last quarter. Hemington Wealth Management boosted its holdings in Robinhood Markets by 52.2% during the first quarter. Hemington Wealth Management now owns 636 shares of the company's stock worth $26,000 after purchasing an additional 218 shares during the last quarter. Smithfield Trust Co acquired a new position in Robinhood Markets during the second quarter worth $29,000. Finally, Wayfinding Financial LLC acquired a new position in Robinhood Markets during the first quarter worth $30,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of Robinhood Markets from $43.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Keefe, Bruyette & Woods lifted their price objective on shares of Robinhood Markets from $89.00 to $106.00 and gave the stock a "market perform" rating in a research note on Thursday, July 31st. Redburn Atlantic reissued a "sell" rating and set a $48.00 price objective (up previously from $40.00) on shares of Robinhood Markets in a research note on Monday, June 9th. Cantor Fitzgerald lifted their price objective on shares of Robinhood Markets from $100.00 to $118.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Compass Point lifted their price objective on shares of Robinhood Markets from $64.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Eleven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $104.06.

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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