Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Sells $11,605,888.75 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CEO Vladimir Tenev sold 114,175 shares of Robinhood Markets stock in a transaction on Monday, July 14th. The shares were sold at an average price of $101.65, for a total value of $11,605,888.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Vladimir Tenev also recently made the following trade(s):

• On Friday, July 11th, Vladimir Tenev sold 340 shares of Robinhood Markets stock. The shares were sold at an average price of $101.50, for a total transaction of $34,510.00.
• On Tuesday, July 1st, Vladimir Tenev sold 750,000 shares of Robinhood Markets stock. The shares were sold at an average price of $93.27, for a total transaction of $69,952,500.00.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD traded up $3.02 on Friday, hitting $108.47. The company's stock had a trading volume of 56,989,701 shares, compared to its average volume of 30,856,735. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $113.37. The company has a market capitalization of $96.05 billion, a price-to-earnings ratio of 61.12, a price-to-earnings-growth ratio of 5.26 and a beta of 2.36. The stock's 50-day moving average is $77.63 and its two-hundred day moving average is $57.05.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly 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). Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. The company had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. During the same quarter last year, the firm posted $0.18 earnings per share. The firm's quarterly revenue was up 50.0% compared to the same quarter last year. Equities analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Robinhood Markets

Several hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC purchased a new position in Robinhood Markets during the second quarter valued at approximately $36,000. Whipplewood Advisors LLC grew its position in Robinhood Markets by 564.4% during the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after purchasing an additional 508 shares in the last quarter. Hemington Wealth Management grew 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 purchasing an additional 218 shares in the last quarter. Wayfinding Financial LLC purchased a new position in Robinhood Markets during the first quarter valued at approximately $30,000. Finally, ST Germain D J Co. Inc. purchased a new position in Robinhood Markets during the second quarter valued at approximately $72,000. Institutional investors and hedge funds own 93.27% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HOOD shares. JMP Securities lifted their price target on shares of Robinhood Markets from $70.00 to $125.00 and gave the stock a "market outperform" rating in a research note on Monday. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $60.00 price objective on shares of Robinhood Markets in a report on Thursday, March 27th. Mizuho increased their price target on shares of Robinhood Markets from $80.00 to $99.00 and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Morgan Stanley increased their price target on shares of Robinhood Markets from $43.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Finally, Piper Sandler raised their price target on shares of Robinhood Markets from $70.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, Robinhood Markets currently has an average rating of "Moderate Buy" and a consensus price target of $85.29.

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.