Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) CFO Sells 20,000 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOODGet Rating) CFO Jason Warnick sold 20,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $9.70, for a total value of $194,000.00. Following the sale, the chief financial officer now owns 397,232 shares in the company, valued at $3,853,150.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Jason Warnick also recently made the following trade(s):

  • On Friday, April 8th, Jason Warnick sold 20,000 shares of Robinhood Markets stock. The shares were sold at an average price of $11.29, for a total value of $225,800.00.
  • On Tuesday, March 8th, Jason Warnick sold 20,000 shares of Robinhood Markets stock. The shares were sold at an average price of $11.64, for a total value of $232,800.00.

NASDAQ:HOOD opened at $8.15 on Thursday. The stock has a 50-day simple moving average of $11.65 and a two-hundred day simple moving average of $17.65. Robinhood Markets, Inc. has a 52-week low of $8.01 and a 52-week high of $85.00. The firm has a market capitalization of $7.07 billion and a PE ratio of -0.74.

Robinhood Markets (NASDAQ:HOODGet Rating) last released its quarterly earnings results on Thursday, April 28th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.17). Robinhood Markets had a negative net margin of 203.12% and a negative return on equity of 39.39%. The company had revenue of $299.00 million for the quarter, compared to the consensus estimate of $357.21 million. Robinhood Markets’s revenue was down 42.7% compared to the same quarter last year. On average, equities analysts anticipate that Robinhood Markets, Inc. will post -1.33 earnings per share for the current year.

HOOD has been the subject of a number of recent research reports. Rosenblatt Securities lowered their price objective on Robinhood Markets from $25.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, January 28th. Zacks Investment Research cut Robinhood Markets from a “buy” rating to a “hold” rating in a research note on Saturday, April 2nd. KeyCorp lowered their price objective on Robinhood Markets from $50.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, January 14th. Morgan Stanley initiated coverage on Robinhood Markets in a research note on Wednesday, March 30th. They set an “equal weight” rating and a $15.00 price objective for the company. Finally, Citigroup decreased their price target on Robinhood Markets from $51.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, January 31st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $20.83.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HM Payson & Co. bought a new position in shares of Robinhood Markets in the third quarter worth about $25,000. Rockefeller Capital Management L.P. bought a new position in shares of Robinhood Markets in the third quarter worth about $28,000. Jacobi Capital Management LLC bought a new position in shares of Robinhood Markets in the third quarter worth about $42,000. Parallel Advisors LLC boosted its stake in shares of Robinhood Markets by 29.2% in the first quarter. Parallel Advisors LLC now owns 4,668 shares of the company’s stock worth $68,000 after acquiring an additional 1,056 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of Robinhood Markets by 2.2% in the first quarter. Arizona State Retirement System now owns 50,769 shares of the company’s stock worth $686,000 after acquiring an additional 1,108 shares during the period. 64.46% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Company Profile (Get Rating)

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company also offers various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is a collection of approximately articles, including guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron's, Reuters, and The Wall Street Journal; lists and alerts, which allow users to create custom watchlists and alerts to monitor securities, ETFs, and cryptocurrencies, as well as cash management services; and offers First trade recommendations to all new customers who have yet to place a trade.

Further Reading

Insider Buying and Selling by Quarter for Robinhood Markets (NASDAQ:HOOD)

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