Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Sells $250,552.64 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock in a transaction on Monday, January 6th. The stock was sold at an average price of $42.64, for a total value of $250,552.64. Following the transaction, the chief technology officer now owns 5,876 shares in the company, valued at approximately $250,552.64. This represents a 50.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Jeffrey Tsvi Pinner also recently made the following trade(s):

• On Friday, December 20th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The stock was sold at an average price of $37.92, for a total value of $222,817.92.

Robinhood Markets Stock Performance

Shares of Robinhood Markets stock opened at $40.08 on Friday. Robinhood Markets, Inc. has a one year low of $10.38 and a one year high of $43.83. The company has a market cap of $35.43 billion, a PE ratio of 67.93, a P/E/G ratio of 0.81 and a beta of 2.07. The business has a 50-day simple moving average of $36.99 and a 200-day simple moving average of $27.42.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 EPS 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 company had revenue of $637.00 million for the quarter, compared to analyst estimates of $660.53 million. During the same period in the prior year, the firm posted ($0.09) earnings per share. The business’s quarterly revenue was up 36.4% compared to the same quarter last year. On average, sell-side analysts predict that Robinhood Markets, Inc. will post 0.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. JMP Securities boosted their price objective on shares of Robinhood Markets from $33.00 to $40.00 and gave the company a “market outperform” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. upgraded shares of Robinhood Markets from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $20.00 to $43.00 in a report on Tuesday. The Goldman Sachs Group upgraded shares of Robinhood Markets from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $40.00 to $46.00 in a report on Friday, December 6th. KeyCorp boosted their price objective on shares of Robinhood Markets from $30.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, Morgan Stanley upgraded shares of Robinhood Markets from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $24.00 to $55.00 in a research note on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Robinhood Markets has a consensus rating of “Moderate Buy” and an average price target of $42.13.

Hedge Funds Weigh In On Robinhood Markets

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. HM Payson & Co. boosted its holdings in Robinhood Markets by 53.5% in the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after purchasing an additional 410 shares in the last quarter. Eastern Bank acquired a new position in Robinhood Markets in the third quarter valued at approximately $30,000. True Wealth Design LLC acquired a new position in Robinhood Markets in the third quarter valued at approximately $30,000. ORG Wealth Partners LLC acquired a new position in Robinhood Markets in the third quarter valued at approximately $33,000. Finally, Connective Portfolio Management LLC acquired a new position in Robinhood Markets in the third quarter valued at approximately $47,000. 93.27% of the stock is owned by institutional investors and hedge funds.

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.