Robinhood Markets, Inc. (NASDAQ:HOOD) Director Sells $304,506.09 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) Director Baiju Bhatt sold 16,667 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $18.27, for a total transaction of $304,506.09. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Friday, May 10th, Baiju Bhatt sold 153,180 shares of Robinhood Markets stock. The stock was sold at an average price of $16.63, for a total transaction of $2,547,383.40.
• 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 value 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 transaction 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 transaction of $269,505.39.
• On Monday, February 26th, Baiju Bhatt sold 482,667 shares of Robinhood Markets stock. The shares were 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 stock was sold at an average price of $13.57, for a total transaction of $2,552,204.89.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD traded up $2.19 during mid-day trading on Friday, hitting $20.09. The company had a trading volume of 53,128,845 shares, compared to its average volume of 15,447,223. Robinhood Markets, Inc. has a one year low of $7.91 and a one year high of $20.55. The firm has a fifty day moving average price of $17.95 and a 200 day moving average price of $13.72. The company has a market capitalization of $17.57 billion, a PE ratio of 133.27 and a beta of 1.74.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.13. The firm had revenue of $618.00 million during the quarter, compared to the consensus estimate 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 was up 40.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.57) earnings per share. Research analysts expect that Robinhood Markets, Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HOOD. Sanford C. Bernstein began coverage on Robinhood Markets in a report on Thursday, March 14th. They issued an "outperform" rating and a $30.00 target price for the company. Citigroup lowered shares of Robinhood Markets from a "neutral" rating to a "sell" rating and raised their price objective for the company from $13.00 to $16.00 in a report on Thursday, April 11th. Keefe, Bruyette & Woods began coverage on shares of Robinhood Markets in a report on Wednesday, April 3rd. They set a "market perform" rating and a $20.00 target price on the stock. TheStreet raised shares of Robinhood Markets from a "d+" rating to a "c-" rating in a research note on Wednesday, February 28th. Finally, Barclays boosted their price objective on shares of Robinhood Markets from $16.00 to $18.00 and gave the stock an "underweight" rating in a research note on Thursday, May 9th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Robinhood Markets currently has an average rating of "Hold" and an average price target of $19.75.

Institutional Investors Weigh In On Robinhood Markets

A number of hedge funds have recently added to or reduced their stakes in the company. Spire Wealth Management bought a new stake in Robinhood Markets during the 4th quarter valued at $26,000. PNC Financial Services Group Inc. increased its position in shares of Robinhood Markets by 46.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company's stock worth $29,000 after acquiring an additional 722 shares in the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of Robinhood Markets during the third quarter worth about $30,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Robinhood Markets in the 1st quarter worth about $34,000. Finally, Whittier Trust Co. lifted its position in Robinhood Markets by 100.0% in the 4th quarter. Whittier Trust Co. now owns 4,634 shares of the company's stock valued at $59,000 after acquiring an additional 2,317 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

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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