Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev Sells 250,000 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $16.05, for a total transaction of $4,012,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Friday, July 5th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $22.50, for a total transaction of $5,625,000.00.
• On Tuesday, June 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $21.03, for a total transaction of $5,257,500.00.
• On Wednesday, May 29th, Vladimir Tenev sold 45,545 shares of Robinhood Markets stock. The stock was sold at an average price of $21.11, for a total transaction of $961,454.95.
• On Tuesday, May 21st, Vladimir Tenev sold 47,570 shares of Robinhood Markets stock. The shares were sold at an average price of $21.12, for a total transaction of $1,004,678.40.

Robinhood Markets Price Performance

Shares of HOOD traded down $0.09 during mid-day trading on Wednesday, reaching $17.12. 31,954,156 shares of the company’s stock were exchanged, compared to its average volume of 16,132,733. The business’s fifty day simple moving average is $21.88 and its 200-day simple moving average is $18.32. Robinhood Markets, Inc. has a 52-week low of $7.91 and a 52-week high of $24.88. The stock has a market capitalization of $15.05 billion, a PE ratio of 114.13 and a beta of 1.83.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, May 8th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.13. Robinhood Markets had a return on equity of 1.86% and a net margin of 6.22%. The company had revenue of $618.00 million during the quarter, compared to the consensus estimate of $552.74 million. During the same quarter last year, the company earned ($0.57) earnings per share. Robinhood Markets’s quarterly revenue was up 40.1% compared to the same quarter last year. Equities research analysts predict that Robinhood Markets, Inc. will post 0.57 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on HOOD. Citigroup upgraded shares of Robinhood Markets from a “sell” rating to a “neutral” rating and set a $18.00 target price for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Robinhood Markets from $19.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, June 20th. JMP Securities reiterated a “market outperform” rating and issued a $30.00 target price on shares of Robinhood Markets in a research note on Friday, June 7th. Mizuho boosted their price target on shares of Robinhood Markets from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Bank of America raised shares of Robinhood Markets from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $14.00 to $24.00 in a report on Friday, May 17th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Robinhood Markets currently has a consensus rating of “Hold” and an average target price of $21.23.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HOOD. Raymond James Financial Services Advisors Inc. lifted its position in Robinhood Markets by 23.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 20,587 shares of the company’s stock worth $262,000 after acquiring an additional 3,940 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Robinhood Markets by 6.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 23,591 shares of the company’s stock worth $301,000 after buying an additional 1,494 shares during the last quarter. Arizona State Retirement System grew its stake in Robinhood Markets by 1.9% during the 4th quarter. Arizona State Retirement System now owns 118,538 shares of the company’s stock worth $1,510,000 after buying an additional 2,172 shares during the last quarter. International Assets Investment Management LLC grew its stake in Robinhood Markets by 1,174.1% during the 4th quarter. International Assets Investment Management LLC now owns 7,326 shares of the company’s stock worth $93,000 after buying an additional 6,751 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in Robinhood Markets by 4.7% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 23,642 shares of the company’s stock worth $310,000 after buying an additional 1,060 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

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.