Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Sells 5,865 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CTO Jeffrey Tsvi Pinner sold 5,865 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $73.49, for a total value of $431,018.85. Following the transaction, the chief technology officer now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 stock was sold at an average price of $49.27, for a total value 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 1.4%

Robinhood Markets stock traded down $1.04 during midday trading on Thursday, hitting $73.84. The stock had a trading volume of 22,509,122 shares, compared to its average volume of 27,274,798. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $77.80. The company has a market capitalization of $65.38 billion, a PE ratio of 47.03, a P/E/G ratio of 1.05 and a beta of 2.25. The firm's fifty day moving average is $54.68 and its two-hundred day moving average is $48.16.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced 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). Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The firm had revenue of $927.00 million during the quarter, compared to analysts' expectations of $917.12 million. During the same period last year, the company earned $0.18 earnings per share. The business's revenue for the quarter was up 50.0% on a year-over-year basis. As a group, equities research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Robinhood Markets

A number of institutional investors have recently bought and sold shares of HOOD. Whipplewood Advisors LLC lifted its position in shares of Robinhood Markets by 564.4% in the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after acquiring an additional 508 shares in the last quarter. Hemington Wealth Management raised its stake in Robinhood Markets by 52.2% during the 1st quarter. Hemington Wealth Management now owns 636 shares of the company's stock valued at $26,000 after purchasing an additional 218 shares during the period. Wayfinding Financial LLC purchased a new position in Robinhood Markets in the 1st quarter worth approximately $30,000. Pandora Wealth Inc. bought a new position in Robinhood Markets in the 1st quarter worth approximately $33,000. Finally, CoreCap Advisors LLC boosted its stake in Robinhood Markets by 191.6% in the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after purchasing an additional 550 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Redburn Atlantic restated a "sell" rating and set a $48.00 price objective (up previously from $40.00) on shares of Robinhood Markets in a research report on Monday. Deutsche Bank Aktiengesellschaft increased their price target on Robinhood Markets from $70.00 to $85.00 and gave the company a "buy" rating in a report on Monday. KeyCorp dropped their price target on Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. JMP Securities reiterated a "market outperform" rating and set a $70.00 price objective on shares of Robinhood Markets in a research report on Thursday, May 1st. Finally, Barclays lowered their target price on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Robinhood Markets has an average rating of "Moderate Buy" and a consensus price target of $57.17.

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.