Jason Warnick Sells 5,000 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CFO Jason Warnick sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $16.72, for a total transaction of $83,600.00. Following the completion of the sale, the chief financial officer now directly owns 997,407 shares of the company’s stock, valued at $16,676,645.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, April 1st, Jason Warnick sold 5,000 shares of Robinhood Markets stock. The stock was sold at an average price of $19.59, for a total transaction of $97,950.00.
• On Friday, March 1st, Jason Warnick sold 5,000 shares of Robinhood Markets stock. The stock was sold at an average price of $16.47, for a total transaction of $82,350.00.
• On Monday, February 12th, Jason Warnick sold 5,000 shares of Robinhood Markets stock. The stock was sold at an average price of $12.00, for a total value of $60,000.00.

Robinhood Markets Price Performance

Shares of HOOD stock opened at $17.95 on Friday. The stock has a market cap of $15.70 billion, a P/E ratio of -29.92 and a beta of 1.74. Robinhood Markets, Inc. has a one year low of $7.91 and a one year high of $20.55. The stock has a fifty day moving average price of $17.70 and a 200 day moving average price of $13.19.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Tuesday, February 13th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. The firm had revenue of $471.00 million during the quarter, compared to analysts’ expectations of $454.73 million. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. Robinhood Markets’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same period last year, the business earned ($0.19) earnings per share. Equities research analysts anticipate that Robinhood Markets, Inc. will post 0.29 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup downgraded Robinhood Markets from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $13.00 to $16.00 in a report on Thursday, April 11th. JPMorgan Chase & Co. increased their price target on Robinhood Markets from $10.00 to $12.00 and gave the company an “underweight” rating in a report on Wednesday, February 14th. KeyCorp increased their price target on Robinhood Markets from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. TheStreet upgraded Robinhood Markets from a “d+” rating to a “c-” rating in a report on Wednesday, February 28th. Finally, Sanford C. Bernstein initiated coverage on Robinhood Markets in a report on Thursday, March 14th. They set an “outperform” rating and a $30.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Robinhood Markets currently has an average rating of “Hold” and an average target price of $18.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. RIA Advisory Group LLC bought a new position in Robinhood Markets in the first quarter worth $511,000. GSA Capital Partners LLP lifted its holdings in shares of Robinhood Markets by 19.1% during the first quarter. GSA Capital Partners LLP now owns 40,856 shares of the company’s stock valued at $822,000 after acquiring an additional 6,548 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Robinhood Markets during the first quarter valued at $569,000. Whittier Trust Co. lifted its holdings in shares of Robinhood Markets by 25.8% during the first quarter. Whittier Trust Co. now owns 5,828 shares of the company’s stock valued at $117,000 after acquiring an additional 1,194 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Robinhood Markets by 18.8% during the first quarter. Daiwa Securities Group Inc. now owns 41,535 shares of the company’s stock valued at $836,000 after acquiring an additional 6,575 shares during the period. 93.27% of the stock is owned by institutional investors.

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.