Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) Director Sells 154,160 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 154,160 shares of Robinhood Markets stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $17.61, for a total value of $2,714,757.60. Following the transaction, the director now owns 36,045 shares of the company’s stock, valued at approximately $634,752.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, April 18th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The stock was sold at an average price of $17.16, for a total value of $286,005.72.
• On Tuesday, March 19th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The stock was sold at an average price of $17.17, for a total transaction of $286,172.39.
• On Tuesday, March 12th, Baiju Bhatt sold 157,177 shares of Robinhood Markets stock. The stock was sold at an average price of $16.41, for a total transaction of $2,579,274.57.
• On Thursday, February 29th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The stock was sold at an average price of $16.17, for a total value of $269,505.39.
• On Monday, February 26th, Baiju Bhatt sold 482,667 shares of Robinhood Markets stock. The stock was sold at an average price of $15.10, for a total value of $7,288,271.70.
• On Wednesday, February 21st, Baiju Bhatt sold 188,077 shares of Robinhood Markets stock. The stock was sold at an average price of $13.57, for a total transaction of $2,552,204.89.

Robinhood Markets Trading Down 1.1 %

Shares of Robinhood Markets stock opened at $17.12 on Friday. The firm has a market capitalization of $14.97 billion, a P/E ratio of -28.53 and a beta of 1.69. The business’s fifty day simple moving average is $17.31 and its 200 day simple moving average is $12.87. Robinhood Markets, Inc. has a 12 month low of $7.91 and a 12 month high of $20.55.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. The firm had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $454.73 million. During the same period in the previous year, the company earned ($0.19) earnings per share. The company’s quarterly revenue was up 23.9% on a year-over-year basis. Analysts predict that Robinhood Markets, Inc. will post 0.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HOOD has been the subject of several research analyst reports. Mizuho boosted their price objective on shares of Robinhood Markets from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. The Goldman Sachs Group boosted their price objective on shares of Robinhood Markets from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Barclays lifted their target price on shares of Robinhood Markets from $11.00 to $16.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. Morgan Stanley increased their target price on shares of Robinhood Markets from $11.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods started coverage on Robinhood Markets in a research report on Wednesday, April 3rd. They set a “market perform” rating and a $20.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.88.

Institutional Investors Weigh In On Robinhood Markets

Several institutional investors have recently added to or reduced their stakes in the business. CWM LLC boosted its holdings in shares of Robinhood Markets by 61.1% in the third quarter. CWM LLC now owns 8,488 shares of the company’s stock worth $83,000 after acquiring an additional 3,219 shares during the period. DnB Asset Management AS purchased a new position in shares of Robinhood Markets during the third quarter worth about $545,000. SG Americas Securities LLC purchased a new position in Robinhood Markets in the 3rd quarter worth approximately $1,449,000. Exchange Traded Concepts LLC lifted its holdings in shares of Robinhood Markets by 174.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 11,631 shares of the company’s stock worth $114,000 after acquiring an additional 7,387 shares during the last quarter. Finally, Oak Thistle LLC lifted its position in Robinhood Markets by 75.8% in the 3rd quarter. Oak Thistle LLC now owns 45,461 shares of the company’s stock worth $446,000 after buying an additional 19,597 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Company Profile

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.