Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report) was the target of unusually large options trading activity on Wednesday. Traders acquired 224,586 call options on the stock. This is an increase of approximately 52% compared to the typical daily volume of 147,852 call options.
Insider Transactions at Robinhood Markets
In related news, Director Baiju Bhatt sold 120,236 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $22.20, for a total transaction of $2,669,239.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Jason Warnick sold 5,000 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $21.25, for a total transaction of $106,250.00. Following the completion of the sale, the chief financial officer now owns 1,066,241 shares in the company, valued at $22,657,621.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Baiju Bhatt sold 120,236 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $22.20, for a total value of $2,669,239.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,151,093 shares of company stock valued at $24,215,307. 19.95% of the stock is owned by insiders.
Institutional Investors Weigh In On Robinhood Markets
A number of institutional investors have recently modified their holdings of the business. ORG Partners LLC acquired a new position in Robinhood Markets in the 2nd quarter valued at $33,000. Allspring Global Investments Holdings LLC bought a new position in Robinhood Markets in the 1st quarter valued at about $34,000. International Assets Investment Management LLC acquired a new position in shares of Robinhood Markets in the 2nd quarter valued at approximately $40,000. Opal Wealth Advisors LLC acquired a new stake in shares of Robinhood Markets during the 2nd quarter worth approximately $45,000. Finally, Spire Wealth Management acquired a new position in Robinhood Markets during the fourth quarter valued at approximately $26,000. Institutional investors own 93.27% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Stock Report on HOOD
Robinhood Markets Stock Down 0.5 %
Shares of HOOD stock traded down $0.09 during trading on Wednesday, reaching $17.12. 29,021,510 shares of the company’s stock were exchanged, compared to its average volume of 16,116,405. Robinhood Markets has a twelve month low of $7.91 and a twelve month high of $24.88. The firm’s fifty day moving average price is $21.96 and its 200-day moving average price is $18.33. 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 – Get Free Report) last announced its quarterly 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 net margin of 6.22% and a return on equity of 1.86%. The business had revenue of $618.00 million for the quarter, compared to analyst estimates of $552.74 million. During the same quarter in the prior year, the business earned ($0.57) EPS. Robinhood Markets’s quarterly revenue was up 40.1% on a year-over-year basis. As a group, analysts anticipate that Robinhood Markets will post 0.57 EPS for the current fiscal year.
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.
Featured Articles
- Five stocks we like better than Robinhood Markets
- Financial Services Stocks Investing
- What Are Bonds? A High-Level Overview
- Conference Calls and Individual Investors
- Super Micro Stock Drops Sharply After Earnings on Margin Concerns
- Trading Stocks: RSI and Why it’s Useful
- Lyft’s First-Ever Profit, but the Outlook Is a Speed Bump
Receive News & Ratings for Robinhood Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robinhood Markets and related companies with MarketBeat.com's FREE daily email newsletter.