Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Sells 5,853 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CTO Jeffrey Tsvi Pinner sold 5,853 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $34.51, for a total value of $201,987.03. Following the transaction, the chief technology officer now directly owns 5,853 shares in the company, valued at approximately $201,987.03. This represents a 50.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, March 20th, Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock. The shares were sold at an average price of $43.36, for a total transaction of $253,786.08.
• On Wednesday, March 5th, Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock. The shares were sold at an average price of $46.81, for a total value of $273,978.93.
• On Monday, January 27th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The stock was sold at an average price of $47.82, for a total transaction of $280,990.32.

Robinhood Markets Stock Up 7.8 %

Shares of HOOD traded up $3.17 during mid-day trading on Friday, hitting $43.68. 51,213,678 shares of the company's stock were exchanged, compared to its average volume of 23,829,845. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91. The firm has a fifty day moving average of $46.45 and a two-hundred day moving average of $39.50. The stock has a market cap of $38.68 billion, a price-to-earnings ratio of 27.82, a P/E/G ratio of 1.05 and a beta of 2.17.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. On average, equities analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Cantor Fitzgerald started coverage on shares of Robinhood Markets in a research report on Thursday, March 6th. They set an "overweight" rating and a $69.00 price target for the company. Needham & Company LLC cut their price target on shares of Robinhood Markets from $70.00 to $62.00 and set a "buy" rating for the company in a report on Friday, March 28th. Mizuho upped their target price on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Barclays decreased their target price on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Finally, JMP Securities dropped their price target on shares of Robinhood Markets from $77.00 to $70.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, Robinhood Markets has a consensus rating of "Moderate Buy" and a consensus price target of $55.06.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HOOD. Whipplewood Advisors LLC boosted its position in Robinhood Markets by 564.4% during the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock worth $25,000 after acquiring an additional 508 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in shares of Robinhood Markets during the 4th quarter worth approximately $26,000. CoreCap Advisors LLC increased its stake in Robinhood Markets by 191.6% during the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after acquiring an additional 550 shares during the period. Creative Financial Designs Inc. ADV boosted its position in shares of Robinhood Markets by 750.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock worth $32,000 after acquiring an additional 750 shares in the last quarter. Finally, Colonial Trust Co SC bought a new stake in shares of Robinhood Markets during the 4th quarter worth $34,000. Institutional investors 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.