Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt Sells 108,964 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 108,964 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $24.92, for a total transaction of $2,715,382.88. Following the completion of the transaction, the director now owns 2,521 shares in the company, valued at approximately $62,823.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, October 17th, Baiju Bhatt sold 98,404 shares of Robinhood Markets stock. The shares were sold at an average price of $26.40, for a total value of $2,597,865.60.
• On Monday, September 9th, Baiju Bhatt sold 139,916 shares of Robinhood Markets stock. The stock was sold at an average price of $19.55, for a total value of $2,735,357.80.
• On Wednesday, August 14th, Baiju Bhatt sold 143,944 shares of Robinhood Markets stock. The shares were sold at an average price of $18.73, for a total value of $2,696,071.12.

Robinhood Markets Price Performance

NASDAQ:HOOD opened at $29.36 on Friday. The company has a market cap of $25.95 billion, a P/E ratio of 49.76, a P/E/G ratio of 0.58 and a beta of 1.84. The stock’s fifty day moving average price is $23.96 and its two-hundred day moving average price is $21.68. Robinhood Markets, Inc. has a 1 year low of $7.91 and a 1 year high of $30.06.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $637.00 million for the quarter, compared to the consensus estimate of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The firm’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same period last year, the business posted ($0.09) earnings per share. On average, analysts expect that Robinhood Markets, Inc. will post 0.71 earnings per share for the current fiscal year.

Institutional Trading of Robinhood Markets

Large investors have recently modified their holdings of the business. HM Payson & Co. grew its stake in shares of Robinhood Markets by 53.5% in the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after purchasing an additional 410 shares during the last quarter. Eastern Bank purchased a new position in shares of Robinhood Markets during the third quarter valued at approximately $30,000. ORG Partners LLC purchased a new position in shares of Robinhood Markets during the second quarter valued at approximately $33,000. ORG Wealth Partners LLC purchased a new position in Robinhood Markets in the 3rd quarter worth approximately $33,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Robinhood Markets in the 1st quarter worth approximately $34,000. 93.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

HOOD has been the subject of a number of research reports. KeyCorp raised their price objective on Robinhood Markets from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. The Goldman Sachs Group cut their price objective on Robinhood Markets from $25.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Bank of America lifted their price objective on Robinhood Markets from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft boosted their price target on Robinhood Markets from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, Morgan Stanley boosted their price objective on Robinhood Markets from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $25.17.

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.