Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner Sells 5,865 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CTO Jeffrey Tsvi Pinner sold 5,865 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $73.49, for a total transaction of $431,018.85. Following the completion of the transaction, the chief technology officer now owns 20,636 shares in the company, valued at approximately $1,516,539.64. The trade was a 22.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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.
• On Thursday, March 20th, Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock. The stock was sold at an average price of $43.36, for a total transaction of $253,786.08.

Robinhood Markets Trading Down 2.0%

HOOD stock traded down $1.48 during trading on Monday, hitting $73.40. The company had a trading volume of 65,444,976 shares, compared to its average volume of 27,106,577. The company has a fifty day moving average price of $52.58 and a two-hundred day moving average price of $47.54. The company has a market cap of $64.99 billion, a P/E ratio of 46.75, a P/E/G ratio of 1.05 and a beta of 2.25. Robinhood Markets, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $77.80.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The firm's quarterly revenue was up 50.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 earnings per share. On average, analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Institutional Trading of Robinhood Markets

Institutional investors and hedge funds have recently modified their holdings of the stock. Militia Capital Partners LP bought a new stake in Robinhood Markets during the first quarter valued at $688,000. Cim LLC raised its position in shares of Robinhood Markets by 49.8% in the 1st quarter. Cim LLC now owns 81,911 shares of the company's stock worth $3,409,000 after acquiring an additional 27,230 shares in the last quarter. Silicon Valley Capital Partners grew its stake in shares of Robinhood Markets by 50.0% in the 1st quarter. Silicon Valley Capital Partners now owns 1,500 shares of the company's stock worth $63,000 after buying an additional 500 shares during the last quarter. Strs Ohio purchased a new stake in Robinhood Markets during the 1st quarter valued at $11,216,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Robinhood Markets by 293.6% during the 1st quarter. Acadian Asset Management LLC now owns 144,791 shares of the company's stock valued at $6,018,000 after buying an additional 108,001 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HOOD. Morgan Stanley lifted their price objective on shares of Robinhood Markets from $40.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Redburn Atlantic reissued a "sell" rating and issued a $48.00 price target (up from $40.00) on shares of Robinhood Markets in a research report on Monday. JMP Securities reaffirmed a "market outperform" rating and set a $70.00 target price on shares of Robinhood Markets in a research report on Thursday, May 1st. Needham & Company LLC reiterated a "buy" rating and set a $71.00 price target on shares of Robinhood Markets in a research report on Tuesday, May 27th. Finally, Compass Point started coverage on Robinhood Markets in a research report on Wednesday, March 19th. They set a "buy" rating and a $61.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $56.17.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.