Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Sells $548,342.64 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CTO Jeffrey Tsvi Pinner sold 5,864 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $93.51, for a total value of $548,342.64. Following the sale, the chief technology officer directly owned 8,908 shares in the company, valued at approximately $832,987.08. The trade was a 39.70% 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, June 20th, Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock. The shares were sold at an average price of $77.82, for a total value of $456,336.48.
• On Thursday, June 5th, Jeffrey Tsvi Pinner sold 5,865 shares of Robinhood Markets stock. The shares were sold at an average price of $73.49, for a total value of $431,018.85.
• On Friday, April 25th, Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock. The shares were sold at an average price of $49.27, for a total value of $288,377.31.

Robinhood Markets Price Performance

HOOD stock traded down $0.36 during trading on Friday, hitting $98.34. 60,149,672 shares of the company traded hands, compared to its average volume of 30,198,394. The stock's 50-day simple moving average is $72.49 and its 200 day simple moving average is $54.91. The company has a market cap of $87.08 billion, a PE ratio of 55.88, a P/E/G ratio of 4.77 and a beta of 2.36. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $101.46.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). The company had revenue of $927.00 million for 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%. The firm's revenue was up 50.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 earnings per share. Research analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Institutional Trading of Robinhood Markets

Several institutional investors have recently bought and sold shares of HOOD. Whipplewood Advisors LLC grew its holdings in Robinhood Markets by 564.4% in the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after purchasing an additional 508 shares during the period. Hemington Wealth Management grew its holdings in Robinhood Markets by 52.2% in the first quarter. Hemington Wealth Management now owns 636 shares of the company's stock valued at $26,000 after purchasing an additional 218 shares during the period. Wayfinding Financial LLC acquired a new stake in Robinhood Markets in the first quarter valued at approximately $30,000. CoreCap Advisors LLC grew its holdings in Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock valued at $31,000 after purchasing an additional 550 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its holdings in Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after purchasing an additional 750 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on HOOD. The Goldman Sachs Group increased their price target on Robinhood Markets from $91.00 to $104.00 and gave the company a "buy" rating in a research note on Monday. Barclays increased their price target on Robinhood Markets from $57.00 to $102.00 and gave the company an "overweight" rating in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on Robinhood Markets from $44.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Redburn Atlantic restated a "sell" rating and issued a $48.00 price objective (up from $40.00) on shares of Robinhood Markets in a research note on Monday, June 9th. Finally, Morgan Stanley raised their price objective on Robinhood Markets from $40.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, Robinhood Markets presently has a consensus rating of "Moderate Buy" and an average target price of $76.06.

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.