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

Key Points

• Jeffrey Tsvi Pinner, CTO of Robinhood Markets, sold 5,864 shares of the company's stock at an average price of $104.73, totaling over $614,000, resulting in a 65.83% decrease in his ownership.
• The stock had a recent trading volume of 30.4 million shares with a market cap of $91.49 billion and a reported 52-week price range of $13.98 to $113.44.
• Robinhood's recent earnings report showed a 50% year-over-year increase in revenue, but the company missed EPS estimates by $0.04, reporting $0.37 EPS against the expected $0.41.

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CTO Jeffrey Tsvi Pinner sold 5,864 shares of the business's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $104.73, for a total value of $614,136.72. Following the transaction, the chief technology officer owned 3,044 shares in the company, valued at $318,798.12. This represents a 65.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• 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 value of $548,342.64.
• 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.

Robinhood Markets Stock Performance

NASDAQ:HOOD traded down $3.53 during mid-day trading on Friday, hitting $99.52. The stock had a trading volume of 29,697,649 shares, compared to its average volume of 41,593,129. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $113.44. The stock has a market cap of $88.12 billion, a price-to-earnings ratio of 50.56, a PEG ratio of 5.40 and a beta of 2.36. The company's 50 day simple moving average is $86.18 and its 200 day simple moving average is $61.49.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.12. The business had revenue of $989.00 million during the quarter, compared to the consensus estimate of $893.93 million. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.69%. Robinhood Markets's revenue was up 45.0% on a year-over-year basis. During the same period last year, the business posted $0.21 EPS. As a group, equities analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Institutional Investors Weigh In On Robinhood Markets

Several hedge funds have recently bought and sold shares of HOOD. Whipplewood Advisors LLC lifted its position 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 acquiring an additional 508 shares during the last quarter. Hemington Wealth Management lifted its position 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 acquiring an additional 218 shares during the last quarter. Wayfinding Financial LLC bought a new position in shares of Robinhood Markets during the first quarter worth approximately $30,000. CoreCap Advisors LLC increased its holdings in shares of Robinhood Markets by 191.6% during the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after purchasing an additional 550 shares during the period. Finally, Pandora Wealth Inc. bought a new position in shares of Robinhood Markets during the first quarter worth approximately $33,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on HOOD shares. JMP Securities boosted their target price on Robinhood Markets from $125.00 to $130.00 and gave the stock a "market outperform" rating in a report on Thursday. Barclays upped their target price on shares of Robinhood Markets from $102.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday. KeyCorp upped their target price on shares of Robinhood Markets from $60.00 to $110.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. The Goldman Sachs Group upped their price objective on shares of Robinhood Markets from $91.00 to $104.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Finally, Mizuho set a $120.00 target price on shares of Robinhood Markets in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $96.29.

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.