Robinhood Markets, Inc. (NASDAQ:HOOD) Insider Sells $1,335,403.23 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) insider Steven M. Quirk sold 24,311 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $54.93, for a total transaction of $1,335,403.23. Following the completion of the sale, the insider now directly owns 299,349 shares of the company's stock, valued at $16,443,240.57. This represents a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Robinhood Markets Price Performance

Shares of HOOD stock traded up $5.14 during trading hours on Tuesday, reaching $62.57. 57,151,748 shares of the stock were exchanged, compared to its average volume of 26,279,365. The firm has a market capitalization of $55.40 billion, a P/E ratio of 39.85, a P/E/G ratio of 1.05 and a beta of 2.15. The business's fifty day moving average is $43.57 and its two-hundred day moving average is $42.82. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $66.91.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). The company had revenue of $927.00 million during the quarter, compared to analyst estimates of $917.12 million. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The company's quarterly revenue was up 50.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.18 EPS. As a group, equities research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on HOOD. Wolfe Research cut shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. KeyCorp dropped their target price 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. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $60.00 target price on shares of Robinhood Markets in a research report on Thursday, March 27th. Raymond James initiated coverage on shares of Robinhood Markets in a report on Wednesday, February 5th. They issued a "market perform" rating for the company. Finally, Mizuho raised their price objective on Robinhood Markets from $60.00 to $65.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Robinhood Markets has an average rating of "Moderate Buy" and an average target price of $53.41.

Hedge Funds Weigh In On Robinhood Markets

A number of large investors have recently bought and sold shares of the company. MetLife Investment Management LLC increased its stake in Robinhood Markets by 1.5% in the 4th quarter. MetLife Investment Management LLC now owns 11,806 shares of the company's stock valued at $440,000 after purchasing an additional 171 shares in the last quarter. Hemington Wealth Management lifted its position in Robinhood Markets by 52.2% during the first quarter. Hemington Wealth Management now owns 636 shares of the company's stock valued at $26,000 after buying an additional 218 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in shares of Robinhood Markets by 2.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 9,867 shares of the company's stock worth $368,000 after buying an additional 233 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Robinhood Markets by 4.0% during the first quarter. Farther Finance Advisors LLC now owns 6,890 shares of the company's stock worth $290,000 after purchasing an additional 265 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Robinhood Markets by 23.4% in the first quarter. Allworth Financial LP now owns 1,401 shares of the company's stock valued at $58,000 after purchasing an additional 266 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

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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