Robinhood Markets, Inc. (NASDAQ:HOOD) Director Sells $6,500,599.28 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) Director Baiju Bhatt sold 107,608 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $60.41, for a total transaction of $6,500,599.28. Following the sale, the director now directly owns 7,863 shares in the company, valued at $475,003.83. The trade was a 93.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, May 9th, Baiju Bhatt sold 94,156 shares of Robinhood Markets stock. The stock was sold at an average price of $55.34, for a total transaction of $5,210,593.04.
• On Monday, April 28th, Baiju Bhatt sold 94,156 shares of Robinhood Markets stock. The stock was sold at an average price of $50.67, for a total transaction of $4,770,884.52.
• On Wednesday, April 23rd, Baiju Bhatt sold 47,133 shares of Robinhood Markets stock. The stock was 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 stock was 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 stock was sold at an average price of $43.21, for a total transaction of $9,658,644.88.

Robinhood Markets Stock Performance

Shares of HOOD traded down $0.71 during mid-day trading on Thursday, reaching $60.68. The stock had a trading volume of 36,700,634 shares, compared to its average volume of 26,388,068. The firm has a market cap of $53.73 billion, a price-to-earnings ratio of 38.65, 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 has a fifty day moving average of $44.76 and a 200 day moving average of $43.31.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The firm had revenue of $927.00 million during 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 business'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 company earned $0.18 earnings per share. On average, research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Robinhood Markets

A number of hedge funds have recently modified their holdings of the company. Whipplewood Advisors LLC boosted its position in shares of Robinhood Markets by 564.4% during the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock worth $25,000 after acquiring an additional 508 shares during the last quarter. New Wave Wealth Advisors LLC bought a new position in shares of Robinhood Markets during the fourth quarter worth $26,000. Hemington Wealth Management boosted its position in shares of Robinhood Markets by 52.2% during the first quarter. Hemington Wealth Management now owns 636 shares of the company's stock worth $26,000 after acquiring an additional 218 shares during the last quarter. Wayfinding Financial LLC bought a new position in shares of Robinhood Markets during the first quarter worth $30,000. Finally, CoreCap Advisors LLC boosted its position in shares of Robinhood Markets by 191.6% during the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after acquiring an additional 550 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HOOD has been the subject of several research reports. The Goldman Sachs Group boosted their price objective on shares of Robinhood Markets from $56.00 to $64.00 and gave the company a "buy" rating in a report on Wednesday. Mizuho boosted their price objective on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Morgan Stanley boosted their price objective on shares of Robinhood Markets from $40.00 to $43.00 and gave the company an "equal weight" rating in a report on Tuesday. Raymond James initiated coverage on shares of Robinhood Markets in a report on Wednesday, February 5th. They set a "market perform" rating for the company. Finally, KeyCorp decreased their price objective on shares of Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Robinhood Markets currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.41.

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.

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