Jeffrey Tsvi Pinner Sells 5,864 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CTO Jeffrey Tsvi Pinner sold 5,864 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $93.51, for a total transaction of $548,342.64. Following the transaction, the chief technology officer owned 8,908 shares of the company's stock, 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 SEC, which is available at this hyperlink.

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 transaction 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 transaction 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 transaction of $288,377.31.

Robinhood Markets Stock Up 3.6%

NASDAQ HOOD traded up $3.27 during trading hours on Wednesday, hitting $94.54. 42,085,269 shares of the stock were exchanged, compared to its average volume of 29,857,420. The company has a market cap of $83.71 billion, a price-to-earnings ratio of 53.72, a price-to-earnings-growth ratio of 4.75 and a beta of 2.36. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $100.88. The stock has a 50-day moving average of $70.54 and a 200 day moving average of $54.21.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. JMP Securities restated a "market outperform" rating and issued a $70.00 price objective on shares of Robinhood Markets in a research note on Thursday, May 1st. KeyCorp upped their price objective on shares of Robinhood Markets from $60.00 to $110.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Citigroup upped their price objective on shares of Robinhood Markets from $50.00 to $100.00 and gave the company a "neutral" rating in a research note on Monday. Mizuho increased their target price on shares of Robinhood Markets from $80.00 to $99.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Finally, Compass Point increased their target price 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Robinhood Markets has an average rating of "Moderate Buy" and a consensus price target of $72.71.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HOOD. FMR LLC increased its holdings in Robinhood Markets by 184.8% in the fourth quarter. FMR LLC now owns 40,237,478 shares of the company's stock valued at $1,499,248,000 after buying an additional 26,107,934 shares in the last quarter. Norges Bank acquired a new stake in shares of Robinhood Markets in the fourth quarter valued at approximately $329,598,000. GQG Partners LLC acquired a new stake in shares of Robinhood Markets in the fourth quarter valued at approximately $302,325,000. Vanguard Group Inc. grew its position in shares of Robinhood Markets by 8.6% in the first quarter. Vanguard Group Inc. now owns 74,241,080 shares of the company's stock valued at $3,089,914,000 after purchasing an additional 5,874,701 shares during the last quarter. Finally, AGF Management Ltd. grew its position in shares of Robinhood Markets by 286.0% in the first quarter. AGF Management Ltd. now owns 5,743,715 shares of the company's stock valued at $239,053,000 after purchasing an additional 4,255,862 shares during the last quarter. 93.27% of the stock is 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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