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

Key Points

• Robinhood Markets CTO Jeffrey Tsvi Pinner sold 5,864 shares at an average price of $147.53, amounting to approximately $865,115.92, and reducing his ownership by 32.91%.
• The company's stock traded up 4.0% to hit $150.87, with a market capitalization of $134.07 billion and a 12-month price range between $23.00 and $153.86.
• Robinhood recently reported $0.42 EPS for the quarter, surpassing analyst expectations, with quarterly revenue up 45.0% year-over-year at $989 million.

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CTO Jeffrey Tsvi Pinner sold 5,864 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $147.53, for a total value of $865,115.92. Following the transaction, the chief technology officer directly owned 11,952 shares in the company, valued at approximately $1,763,278.56. This represents a 32.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, September 22nd, Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock. The shares were sold at an average price of $124.13, for a total value of $727,898.32.
• On Friday, September 5th, Jeffrey Tsvi Pinner sold 5,865 shares of Robinhood Markets stock. The shares were sold at an average price of $99.83, for a total value 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 value of $614,136.72.

Robinhood Markets Trading Up 4.0%

NASDAQ:HOOD traded up $5.87 during mid-day trading on Wednesday, hitting $150.87. 23,853,380 shares of the company's stock traded hands, compared to its average volume of 41,912,895. The firm has a 50 day moving average of $116.04 and a two-hundred day moving average of $84.00. Robinhood Markets, Inc. has a 12 month low of $23.00 and a 12 month high of $153.86. The firm has a market capitalization of $134.07 billion, a price-to-earnings ratio of 76.58, a price-to-earnings-growth ratio of 4.01 and a beta of 2.42.

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

Institutional Investors Weigh In On Robinhood Markets

A number of institutional investors have recently made changes to their positions in HOOD. NBC Securities Inc. grew its stake in shares of Robinhood Markets by 155,600.0% during the first quarter. NBC Securities Inc. now owns 1,557 shares of the company's stock worth $64,000 after purchasing an additional 1,556 shares during the period. Wedmont Private Capital grew its stake in shares of Robinhood Markets by 28.9% during the first quarter. Wedmont Private Capital now owns 12,424 shares of the company's stock worth $543,000 after purchasing an additional 2,785 shares during the period. Park Avenue Securities LLC grew its stake in shares of Robinhood Markets by 62.9% during the first quarter. Park Avenue Securities LLC now owns 63,272 shares of the company's stock worth $2,633,000 after purchasing an additional 24,441 shares during the period. Farther Finance Advisors LLC grew its stake 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 period. Finally, Requisite Capital Management LLC grew its stake in shares of Robinhood Markets by 168.2% during the first quarter. Requisite Capital Management LLC now owns 19,179 shares of the company's stock worth $798,000 after purchasing an additional 12,029 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HOOD. The Goldman Sachs Group raised their target price on Robinhood Markets from $134.00 to $152.00 and gave the stock a "buy" rating in a research report on Tuesday, September 30th. KeyCorp raised their target price on Robinhood Markets from $60.00 to $110.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Barclays raised their target price on Robinhood Markets from $102.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Needham & Company LLC raised their target price on Robinhood Markets from $120.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, September 30th. Finally, JMP Securities raised their price target on Robinhood Markets from $125.00 to $130.00 and gave the company a "market outperform" rating in a report on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Robinhood Markets has a consensus rating of "Moderate Buy" and an average price target of $113.59.

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.

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