Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Sells $426,834.96 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 25,049 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $17.04, for a total value of $426,834.96. Following the transaction, the chief executive officer now directly owns 32,584 shares in the company, valued at approximately $555,231.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Vladimir Tenev also recently made the following trade(s):

• On Thursday, April 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The shares were sold at an average price of $18.67, for a total value of $4,667,500.00.
• On Monday, March 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $16.76, for a total value of $4,190,000.00.
• On Monday, February 26th, Vladimir Tenev sold 500,000 shares of Robinhood Markets stock. The shares were sold at an average price of $15.12, for a total transaction of $7,560,000.00.
• On Monday, February 5th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The shares were sold at an average price of $10.61, for a total transaction of $2,652,500.00.

Robinhood Markets Stock Up 1.9 %

NASDAQ:HOOD opened at $17.95 on Friday. The stock has a market capitalization of $15.70 billion, a price-to-earnings ratio of -29.92 and a beta of 1.74. Robinhood Markets, Inc. has a 52 week low of $7.91 and a 52 week high of $20.55. The firm has a 50 day moving average of $17.70 and a 200 day moving average of $13.19.

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

Hedge Funds Weigh In On Robinhood Markets

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its holdings in Robinhood Markets by 174.1% in the third quarter. Exchange Traded Concepts LLC now owns 11,631 shares of the company’s stock valued at $114,000 after purchasing an additional 7,387 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Robinhood Markets by 2,933.5% in the third quarter. Asset Management One Co. Ltd. now owns 174,819 shares of the company’s stock valued at $1,715,000 after purchasing an additional 169,056 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new stake in shares of Robinhood Markets in the 3rd quarter valued at approximately $1,209,000. Robeco Institutional Asset Management B.V. purchased a new position in Robinhood Markets in the third quarter worth approximately $231,000. Finally, Raymond James & Associates increased its stake in Robinhood Markets by 7.0% during the third quarter. Raymond James & Associates now owns 31,847 shares of the company’s stock worth $312,000 after acquiring an additional 2,070 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HOOD shares. Morgan Stanley upped 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. The Goldman Sachs Group raised their price objective on Robinhood Markets from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. KeyCorp upped their target price on Robinhood Markets from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Barclays raised their price target on Robinhood Markets from $11.00 to $16.00 and gave the company an “underweight” rating in a research note on Monday, April 8th. Finally, Sanford C. Bernstein began coverage on shares of Robinhood Markets in a research note on Thursday, March 14th. They issued an “outperform” rating and a $30.00 price objective for the company. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Robinhood Markets has an average rating of “Hold” and an average price target of $18.88.

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.