Robinhood Markets, Inc. (NASDAQ:HOOD) Director Sells $26,966,067.48 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) Director Baiju Bhatt sold 418,338 shares of Robinhood Markets stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $64.46, for a total transaction of $26,966,067.48. Following the completion of the transaction, the director now owns 7,863 shares of the company's stock, valued at $506,848.98. This represents a 98.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, May 13th, Baiju Bhatt sold 107,608 shares of Robinhood Markets stock. The stock was sold at an average price of $60.41, for a total value of $6,500,599.28.
• On Friday, May 9th, Baiju Bhatt sold 94,156 shares of Robinhood Markets stock. The shares were sold at an average price of $55.34, for a total value of $5,210,593.04.
• On Monday, April 28th, Baiju Bhatt sold 94,156 shares of Robinhood Markets stock. The shares were sold at an average price of $50.67, for a total value of $4,770,884.52.
• On Wednesday, April 23rd, Baiju Bhatt sold 47,133 shares of Robinhood Markets stock. The shares were sold at an average price of $45.27, for a total transaction of $2,133,710.91.
• On Wednesday, April 16th, Baiju Bhatt sold 223,072 shares of Robinhood Markets stock. The shares were sold at an average price of $41.24, for a total transaction of $9,199,489.28.
• On Monday, March 24th, Baiju Bhatt sold 47,023 shares of Robinhood Markets stock. The stock was sold at an average price of $46.37, for a total transaction of $2,180,456.51.
• On Friday, March 21st, Baiju Bhatt sold 223,528 shares of Robinhood Markets stock. The shares were sold at an average price of $43.21, for a total transaction of $9,658,644.88.

Robinhood Markets Trading Down 2.5%

Shares of HOOD stock traded down $1.60 during trading hours on Monday, hitting $63.17. 28,522,162 shares of the company's stock were exchanged, compared to its average volume of 26,511,946. The company has a market capitalization of $55.93 billion, a PE ratio of 40.24, a PEG ratio of 1.05 and a beta of 2.15. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $66.91. The business's 50 day simple moving average is $48.17 and its 200-day simple moving average is $45.34.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The business had revenue of $927.00 million during the quarter, compared to analysts' expectations of $917.12 million. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. Robinhood Markets's revenue for the quarter was up 50.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 EPS. Equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Whipplewood Advisors LLC boosted its holdings in Robinhood Markets by 564.4% during the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after acquiring an additional 508 shares during the period. Hemington Wealth Management increased its stake in Robinhood Markets by 52.2% in the 1st quarter. Hemington Wealth Management now owns 636 shares of the company's stock worth $26,000 after purchasing an additional 218 shares during the period. New Wave Wealth Advisors LLC bought a new stake in Robinhood Markets in the fourth quarter valued at approximately $26,000. Wayfinding Financial LLC purchased a new stake in shares of Robinhood Markets during the first quarter valued at approximately $30,000. Finally, Pandora Wealth Inc. purchased a new stake in shares of Robinhood Markets during the first quarter valued at approximately $33,000. 93.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HOOD has been the topic of a number of recent analyst reports. KeyCorp lowered their price objective on Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Piper Sandler raised their price target on Robinhood Markets from $54.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Barclays dropped their price target on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Citigroup decreased their price objective on shares of Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Finally, Mizuho raised their target price on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $55.41.

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.