Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Sells $222,817.92 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $37.92, for a total value of $222,817.92. Following the transaction, the chief technology officer now owns 11,752 shares of the company’s stock, valued at $445,635.84. This represents a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Robinhood Markets Stock Performance

HOOD opened at $39.58 on Thursday. The firm has a market cap of $34.99 billion, a P/E ratio of 67.09, a price-to-earnings-growth ratio of 0.76 and a beta of 2.09. The business’s fifty day moving average is $33.83 and its 200-day moving average is $26.00. Robinhood Markets, Inc. has a 52-week low of $10.38 and a 52-week high of $43.83.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm had revenue of $637.00 million during the quarter, compared to the consensus estimate of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. Robinhood Markets’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.09) earnings per share. On average, research analysts predict that Robinhood Markets, Inc. will post 0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HOOD shares. Sanford C. Bernstein raised their price target on Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Barclays raised shares of Robinhood Markets from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $26.00 to $49.00 in a report on Monday, December 9th. KeyCorp increased their price target on shares of Robinhood Markets from $30.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. boosted their price objective on Robinhood Markets from $17.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, October 17th. Finally, Piper Sandler increased their target price on Robinhood Markets from $36.00 to $42.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.20.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Garden State Investment Advisory Services LLC bought a new position in shares of Robinhood Markets in the 3rd quarter valued at $263,000. Franklin Resources Inc. bought a new position in Robinhood Markets in the third quarter valued at about $6,321,000. Wilmington Savings Fund Society FSB acquired a new position in Robinhood Markets during the third quarter worth about $351,000. Sanctuary Advisors LLC lifted its holdings in shares of Robinhood Markets by 44.1% in the third quarter. Sanctuary Advisors LLC now owns 63,216 shares of the company’s stock worth $1,481,000 after acquiring an additional 19,345 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Robinhood Markets by 31.1% in the 3rd quarter. Toronto Dominion Bank now owns 68,408 shares of the company’s stock valued at $1,602,000 after purchasing an additional 16,219 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

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.