Vladimir Tenev Sells 500,000 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOODGet Free Report) CEO Vladimir Tenev sold 500,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $15.12, for a total value of $7,560,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Monday, February 5th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $10.61, for a total value of $2,652,500.00.
  • On Thursday, January 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The shares were sold at an average price of $12.01, for a total transaction of $3,002,500.00.
  • On Monday, December 11th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The shares were sold at an average price of $11.60, for a total transaction of $2,900,000.00.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD traded down $0.12 during trading hours on Wednesday, hitting $16.13. 24,650,895 shares of the company’s stock traded hands, compared to its average volume of 14,563,266. Robinhood Markets, Inc. has a 1 year low of $7.91 and a 1 year high of $16.53. The business has a fifty day moving average price of $12.24 and a 200-day moving average price of $10.72. The firm has a market capitalization of $13.95 billion, a P/E ratio of -26.88 and a beta of 1.38.

Robinhood Markets (NASDAQ:HOODGet Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. The company had revenue of $471.00 million during the quarter, compared to analysts’ expectations of $454.73 million. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.80%. The firm’s quarterly revenue was up 23.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.19) EPS. As a group, equities analysts predict that Robinhood Markets, Inc. will post 0.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HOOD. Mizuho lifted their price objective on Robinhood Markets from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Morgan Stanley cut their price objective on Robinhood Markets from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Friday, November 24th. Redburn Atlantic initiated coverage on shares of Robinhood Markets in a research report on Friday, December 1st. They set a “neutral” rating and a $9.50 price objective for the company. Barclays boosted their price objective on shares of Robinhood Markets from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Wednesday, February 14th. Finally, Piper Sandler boosted their price objective on shares of Robinhood Markets from $11.50 to $12.50 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $13.14.

Get Our Latest Analysis on HOOD

Institutional Investors Weigh In On Robinhood Markets

A number of hedge funds have recently made changes to their positions in HOOD. LPL Financial LLC lifted its holdings in shares of Robinhood Markets by 1.4% during the 2nd quarter. LPL Financial LLC now owns 59,900 shares of the company’s stock valued at $598,000 after purchasing an additional 828 shares during the last quarter. Commerce Bank lifted its holdings in shares of Robinhood Markets by 7.9% during the 4th quarter. Commerce Bank now owns 12,459 shares of the company’s stock valued at $159,000 after purchasing an additional 917 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Robinhood Markets by 4.7% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 23,642 shares of the company’s stock valued at $310,000 after purchasing an additional 1,060 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Robinhood Markets by 3.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 29,314 shares of the company’s stock valued at $296,000 after purchasing an additional 1,082 shares during the last quarter. Finally, Creative Planning lifted its holdings in shares of Robinhood Markets by 6.1% during the 4th quarter. Creative Planning now owns 19,830 shares of the company’s stock valued at $161,000 after purchasing an additional 1,146 shares during the last quarter. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Robinhood Markets Company Profile

(Get Free Report)

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 provides various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is an online collection of beginners' guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron's, Reuters, and Dow Jones; Snacks, an accessible digest of business news stories for new generation of investors.

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

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