Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Sells 5,876 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner sold 5,876 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $42.64, for a total value of $250,552.64. Following the completion of the sale, the chief technology officer now owns 5,876 shares of the company’s stock, valued at approximately $250,552.64. This represents a 50.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Jeffrey Tsvi Pinner also recently made the following trade(s):

• On Friday, December 20th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The shares were sold at an average price of $37.92, for a total value of $222,817.92.

Robinhood Markets Stock Performance

Robinhood Markets stock opened at $40.08 on Friday. The firm has a market capitalization of $35.43 billion, a price-to-earnings ratio of 67.93, a price-to-earnings-growth ratio of 0.81 and a beta of 2.07. Robinhood Markets, Inc. has a fifty-two week low of $10.38 and a fifty-two week high of $43.83. The stock’s fifty day moving average is $36.99 and its two-hundred day moving average is $27.42.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results 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 firm had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The firm’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same period last year, the company posted ($0.09) EPS. As a group, sell-side analysts forecast that Robinhood Markets, Inc. will post 0.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HOOD. Piper Sandler upped their price target on Robinhood Markets from $36.00 to $42.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Deutsche Bank Aktiengesellschaft upped their price target on Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. JMP Securities upped their price target on Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods upped their price target on Robinhood Markets from $24.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Finally, Sanford C. Bernstein upped their price target on Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.13.

Institutional Trading of Robinhood Markets

A number of large investors have recently made changes to their positions in the stock. HM Payson & Co. boosted its stake in shares of Robinhood Markets by 53.5% during the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after acquiring an additional 410 shares during the last quarter. Commerce Bank boosted its stake in shares of Robinhood Markets by 3.3% during the third quarter. Commerce Bank now owns 13,245 shares of the company’s stock valued at $310,000 after acquiring an additional 423 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Robinhood Markets by 16.5% during the third quarter. Signaturefd LLC now owns 3,437 shares of the company’s stock valued at $80,000 after acquiring an additional 487 shares during the last quarter. Castleview Partners LLC boosted its stake in shares of Robinhood Markets by 18.2% during the third quarter. Castleview Partners LLC now owns 3,788 shares of the company’s stock valued at $89,000 after acquiring an additional 582 shares during the last quarter. Finally, Axxcess Wealth Management LLC boosted its stake in shares of Robinhood Markets by 3.1% during the third quarter. Axxcess Wealth Management LLC now owns 19,773 shares of the company’s stock valued at $463,000 after acquiring an additional 598 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.