Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt Sells 153,180 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) Director Baiju Bhatt sold 153,180 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $16.63, for a total value of $2,547,383.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Baiju Bhatt also recently made the following trade(s):

• On Tuesday, April 23rd, Baiju Bhatt sold 154,160 shares of Robinhood Markets stock. The stock was sold at an average price of $17.61, for a total transaction of $2,714,757.60.
• On Thursday, April 18th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The stock was sold at an average price of $17.16, for a total value of $286,005.72.
• On Tuesday, March 19th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The shares were sold at an average price of $17.17, for a total value of $286,172.39.
• On Tuesday, March 12th, Baiju Bhatt sold 157,177 shares of Robinhood Markets stock. The stock was sold at an average price of $16.41, for a total value of $2,579,274.57.
• On Thursday, February 29th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The shares were sold at an average price of $16.17, for a total value of $269,505.39.
• On Monday, February 26th, Baiju Bhatt sold 482,667 shares of Robinhood Markets stock. The stock was sold at an average price of $15.10, for a total transaction of $7,288,271.70.
• On Wednesday, February 21st, Baiju Bhatt sold 188,077 shares of Robinhood Markets stock. The shares were sold at an average price of $13.57, for a total transaction of $2,552,204.89.

Robinhood Markets Trading Up 6.7 %

HOOD traded up $1.13 on Tuesday, reaching $18.02. The company had a trading volume of 33,580,981 shares, compared to its average volume of 14,926,188. The company has a market capitalization of $15.76 billion, a P/E ratio of 119.40 and a beta of 1.74. The company has a fifty day moving average of $17.83 and a 200-day moving average of $13.59. Robinhood Markets, Inc. has a one year low of $7.91 and a one year high of $20.55.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.13. The business had revenue of $618.00 million for the quarter, compared to analyst estimates of $552.74 million. Robinhood Markets had a net margin of 6.22% and a return on equity of 1.86%. The business's revenue for the quarter was up 40.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.57) earnings per share. Research analysts predict that Robinhood Markets, Inc. will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Piper Sandler increased their price target on shares of Robinhood Markets from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft upped their price target on Robinhood Markets from $12.00 to $16.00 and gave the company a "hold" rating in a research report on Tuesday, March 19th. Citigroup downgraded shares of Robinhood Markets from a "neutral" rating to a "sell" rating and lifted their price objective for the stock from $13.00 to $16.00 in a report on Thursday, April 11th. Sanford C. Bernstein assumed coverage on shares of Robinhood Markets in a report on Thursday, March 14th. They set an "outperform" rating and a $30.00 target price on the stock. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Robinhood Markets in a research report on Wednesday, April 3rd. They issued a "market perform" rating and a $20.00 price target on the stock. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $19.42.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Spire Wealth Management bought a new stake in shares of Robinhood Markets during the 4th quarter worth $26,000. PNC Financial Services Group Inc. boosted its position in shares of Robinhood Markets by 46.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company's stock valued at $29,000 after purchasing an additional 722 shares during the period. UniSuper Management Pty Ltd purchased a new position in Robinhood Markets in the 3rd quarter worth about $30,000. Allspring Global Investments Holdings LLC purchased a new stake in Robinhood Markets during the first quarter valued at about $34,000. Finally, Whittier Trust Co. boosted its holdings in shares of Robinhood Markets by 100.0% in the fourth quarter. Whittier Trust Co. now owns 4,634 shares of the company's stock worth $59,000 after buying an additional 2,317 shares during the period. 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.

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