Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Sells 250,000 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 250,000 shares of Robinhood Markets stock in a transaction on Monday, May 6th. The shares were sold at an average price of $17.93, for a total value of $4,482,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, May 2nd, Vladimir Tenev sold 25,049 shares of Robinhood Markets stock. The shares were sold at an average price of $17.04, for a total value of $426,834.96.
• On Thursday, April 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $18.67, for a total transaction 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 transaction 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.

Robinhood Markets Price Performance

Shares of HOOD opened at $17.30 on Friday. The firm has a market capitalization of $15.13 billion, a PE ratio of -28.83 and a beta of 1.74. Robinhood Markets, Inc. has a fifty-two week low of $7.91 and a fifty-two week high of $20.55. The company’s 50-day moving average is $17.83 and its 200-day moving average is $13.43.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.13. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. The company had revenue of $618.00 million during the quarter, compared to the consensus estimate of $552.74 million. During the same quarter in the prior year, the firm posted ($0.57) EPS. The firm’s quarterly revenue was up 40.1% on a year-over-year basis. Analysts predict that Robinhood Markets, Inc. will post 0.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HOOD. Citigroup downgraded Robinhood Markets from a “neutral” rating to a “sell” rating and upped their price objective for the stock from $13.00 to $16.00 in a report on Thursday, April 11th. The Goldman Sachs Group raised their price target on Robinhood Markets from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Sanford C. Bernstein started coverage on Robinhood Markets in a report on Thursday, March 14th. They set an “outperform” rating and a $30.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped their target price on shares of Robinhood Markets from $12.00 to $16.00 and gave the company a “hold” rating in a research report on Tuesday, March 19th. Finally, JMP Securities lifted their price target on shares of Robinhood Markets from $28.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.35.

Institutional Investors Weigh In On Robinhood Markets

Several large investors have recently added to or reduced their stakes in HOOD. Bank of New York Mellon Corp increased its holdings in shares of Robinhood Markets by 15.5% during the third quarter. Bank of New York Mellon Corp now owns 2,419,817 shares of the company’s stock valued at $23,738,000 after acquiring an additional 325,506 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Robinhood Markets by 12.2% during the third quarter. California Public Employees Retirement System now owns 1,009,592 shares of the company’s stock valued at $9,904,000 after buying an additional 109,652 shares during the last quarter. Seven Eight Capital LP bought a new stake in shares of Robinhood Markets during the third quarter worth about $131,000. Quantbot Technologies LP lifted its position in Robinhood Markets by 583.1% in the 3rd quarter. Quantbot Technologies LP now owns 132,612 shares of the company’s stock valued at $1,301,000 after acquiring an additional 113,199 shares in the last quarter. Finally, Gulf International Bank UK Ltd acquired a new position in Robinhood Markets during the 4th quarter valued at about $764,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

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.