NASDAQ:HOOD - Get Free Report ) CEO Vladimir Tenev sold 250,000 shares of Robinhood Markets stock in a transaction on Monday, May 6th. The stock was sold at an average price of $17.93, for a total value of $4,482,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this link .
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Vladimir Tenev also recently made the following trade(s):
On Thursday, May 2nd, Vladimir Tenev sold 25,049 shares of Robinhood Markets stock. The shares were sold at an average price of $17.04, for a total transaction of $426,834.96. On Thursday, April 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $18.67, for a total transaction of $4,667,500.00. On Monday, March 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The shares were sold at an average price of $16.76, for a total value of $4,190,000.00. On Monday, February 26th, Vladimir Tenev sold 500,000 shares of Robinhood Markets stock. The stock was sold at an average price of $15.12, for a total value of $7,560,000.00. Robinhood Markets Price Performance Shares of HOOD stock traded down $0.14 on Wednesday, hitting $17.85. The stock had a trading volume of 22,702,935 shares, compared to its average volume of 14,086,241. The business has a 50 day moving average of $17.78 and a 200 day moving average of $13.37. Robinhood Markets, Inc. has a 12-month low of $7.91 and a 12-month high of $20.55. The stock has a market cap of $15.61 billion, a price-to-earnings ratio of -29.70 and a beta of 1.74.
Robinhood Markets (NASDAQ:HOOD - Get Free Report ) last announced its earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.04. The firm had revenue of $471.00 million for the quarter, compared to the consensus estimate of $454.73 million. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. The company's revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.19) EPS. As a group, research analysts expect that Robinhood Markets, Inc. will post 0.29 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In Several equities analysts have recently commented on the stock. KeyCorp boosted their target price on shares of Robinhood Markets from $22.00 to $23.00 and gave the company an "overweight" rating in a research report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft upped their target price on Robinhood Markets from $12.00 to $16.00 and gave the stock a "hold" rating in a research note on Tuesday, March 19th. JPMorgan Chase & Co. lifted their price target on Robinhood Markets from $10.00 to $12.00 and gave the company an "underweight" rating in a research note on Wednesday, February 14th. Mizuho boosted their price target on Robinhood Markets from $20.00 to $21.00 and gave the stock a "buy" rating in a report on Monday. Finally, Keefe, Bruyette & Woods assumed coverage on Robinhood Markets in a research note on Wednesday, April 3rd. They issued a "market perform" rating and a $20.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $18.96.
Read Our Latest Stock Report on HOOD
Institutional Investors Weigh In On Robinhood Markets Several large investors have recently modified their holdings of HOOD. Vanguard Group Inc. raised its stake in Robinhood Markets by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 57,261,184 shares of the company's stock valued at $561,732,000 after acquiring an additional 2,459,702 shares during the period. ARK Investment Management LLC lifted its stake in shares of Robinhood Markets by 6.4% during the 4th quarter. ARK Investment Management LLC now owns 34,936,204 shares of the company's stock valued at $445,087,000 after buying an additional 2,101,325 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Robinhood Markets by 9.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,205,693 shares of the company's stock valued at $372,081,000 after buying an additional 2,517,012 shares in the last quarter. Nikko Asset Management Americas Inc. grew its stake in Robinhood Markets by 9.6% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 28,297,822 shares of the company's stock valued at $360,514,000 after buying an additional 2,486,986 shares in the last quarter. Finally, Norges Bank bought a new stake in Robinhood Markets during the 4th quarter valued at $84,165,000. Hedge funds and other institutional investors own 93.27% of the company's stock.
About Robinhood Markets (
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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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