Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Sells 750,000 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $39.16, for a total transaction of $29,370,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, November 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The shares were sold at an average price of $24.21, for a total transaction of $6,052,500.00.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD traded up $1.91 on Friday, hitting $41.35. 19,821,413 shares of the company were exchanged, compared to its average volume of 19,395,695. The company’s 50 day moving average price is $35.24 and its two-hundred day moving average price is $26.62. The firm has a market capitalization of $36.55 billion, a price-to-earnings ratio of 70.09, a PEG ratio of 0.81 and a beta of 2.09. Robinhood Markets, Inc. has a one year low of $10.38 and a one year high of $43.83.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). The company 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%. The company’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.09) earnings per share. Research analysts predict that Robinhood Markets, Inc. will post 0.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Robinhood Markets from $17.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, October 17th. Sanford C. Bernstein upped their price target on shares of Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. JMP Securities raised their price objective on Robinhood Markets from $33.00 to $40.00 and gave the company a “market outperform” rating in a research note on Tuesday, November 12th. Barclays upgraded shares of Robinhood Markets from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $26.00 to $49.00 in a research report on Monday, December 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $52.00 price target (up from $40.00) on shares of Robinhood Markets in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.20.

Institutional Trading of Robinhood Markets

A number of institutional investors have recently bought and sold shares of HOOD. Central Pacific Bank Trust Division raised its stake in shares of Robinhood Markets by 5.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 32,301 shares of the company’s stock valued at $1,204,000 after purchasing an additional 1,812 shares during the period. Everence Capital Management Inc. acquired a new position in Robinhood Markets during the fourth quarter worth $634,000. GAMMA Investing LLC raised its position in Robinhood Markets by 49.3% during the fourth quarter. GAMMA Investing LLC now owns 5,858 shares of the company’s stock worth $218,000 after acquiring an additional 1,935 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Robinhood Markets by 6,799.1% in the 4th quarter. Versant Capital Management Inc now owns 22,974 shares of the company’s stock valued at $856,000 after acquiring an additional 22,641 shares during the period. Finally, Garden State Investment Advisory Services LLC acquired a new position in shares of Robinhood Markets during the 3rd quarter worth about $263,000. 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.