Robinhood Markets, Inc. (NASDAQ:HOOD) Director Meyer Malka Sells 105,875 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Meyer Malka sold 105,875 shares of Robinhood Markets stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $30.00, for a total value of $3,176,250.00. Following the sale, the director now owns 28,930,243 shares in the company, valued at $867,907,290. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Meyer Malka also recently made the following trade(s):

• On Tuesday, October 8th, Meyer Malka sold 3,225,806 shares of Robinhood Markets stock. The shares were sold at an average price of $25.07, for a total transaction of $80,870,956.42.

Robinhood Markets Stock Performance

Shares of HOOD stock opened at $30.54 on Friday. The stock has a fifty day moving average price of $24.17 and a 200 day moving average price of $21.77. The stock has a market cap of $27.00 billion, a PE ratio of 51.76, a P/E/G ratio of 0.72 and a beta of 1.84. Robinhood Markets, Inc. has a 1 year low of $7.91 and a 1 year high of $30.63.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The business had revenue of $637.00 million for the quarter, compared to analysts’ expectations of $660.53 million. During the same period last year, the business earned ($0.09) earnings per share. The company’s revenue for the quarter was up 36.4% on a year-over-year basis. As a group, equities research analysts predict that Robinhood Markets, Inc. will post 0.71 earnings per share for the current year.

Hedge Funds Weigh In On Robinhood Markets

Institutional investors have recently made changes to their positions in the stock. HM Payson & Co. boosted its stake in shares of Robinhood Markets by 53.5% during the 3rd 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 3rd quarter worth $30,000. ORG Partners LLC purchased a new stake in Robinhood Markets in the second quarter valued at approximately $33,000. ORG Wealth Partners LLC acquired a new position in Robinhood Markets during the third quarter worth approximately $33,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Robinhood Markets in the 1st quarter valued at $34,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HOOD shares. Barclays raised their price objective on shares of Robinhood Markets from $23.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. KeyCorp upped their price objective on Robinhood Markets from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Morgan Stanley lifted their target price on Robinhood Markets from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods decreased their price target on Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Robinhood Markets in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Robinhood Markets has an average rating of “Hold” and a consensus 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.