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

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CTO Jeffrey Tsvi Pinner sold 5,864 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $77.82, for a total transaction of $456,336.48. Following the transaction, the chief technology officer now directly owns 14,772 shares of the company's stock, valued at approximately $1,149,557.04. This trade represents a 28.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, June 5th, Jeffrey Tsvi Pinner sold 5,865 shares of Robinhood Markets stock. The stock was 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.
• On Monday, April 7th, Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock. The shares were sold at an average price of $34.51, for a total transaction of $201,987.03.

Robinhood Markets Trading Up 7.4%

HOOD stock traded up $5.66 during trading on Tuesday, reaching $82.01. 41,861,331 shares of the stock were exchanged, compared to its average volume of 27,790,122. The business has a 50 day moving average price of $60.55 and a 200-day moving average price of $50.41. The firm has a market capitalization of $72.62 billion, a price-to-earnings ratio of 59.19, a P/E/G ratio of 4.50 and a beta of 2.25. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $82.74.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. The Goldman Sachs Group raised their price target on shares of Robinhood Markets from $81.00 to $82.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Morgan Stanley lifted their target price on shares of Robinhood Markets from $40.00 to $43.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. lifted their target price on shares of Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Redburn Atlantic reiterated a "sell" rating and issued a $48.00 target price (up previously from $40.00) on shares of Robinhood Markets in a research report on Monday, June 9th. Finally, KeyCorp dropped their target price on shares of Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $58.00.

Institutional Investors Weigh In On Robinhood Markets

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Swedbank AB raised its stake in shares of Robinhood Markets by 15.7% in the 1st quarter. Swedbank AB now owns 298,931 shares of the company's stock valued at $12,442,000 after acquiring an additional 40,496 shares during the period. Voya Investment Management LLC grew its holdings in shares of Robinhood Markets by 548.5% in the first quarter. Voya Investment Management LLC now owns 622,190 shares of the company's stock valued at $25,896,000 after purchasing an additional 526,245 shares in the last quarter. Cim LLC grew its holdings in shares of Robinhood Markets by 49.8% in the first quarter. Cim LLC now owns 81,911 shares of the company's stock valued at $3,409,000 after purchasing an additional 27,230 shares in the last quarter. Silicon Valley Capital Partners grew its holdings in shares of Robinhood Markets by 50.0% in the first quarter. Silicon Valley Capital Partners now owns 1,500 shares of the company's stock valued at $63,000 after purchasing an additional 500 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Robinhood Markets in the first quarter valued at approximately $11,216,000. 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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