Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) Director Sells 90,866 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 90,866 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $55.34, for a total transaction of $5,028,524.44. Following the sale, the director now owns 5,042 shares of the company’s stock, valued at approximately $279,024.28. This represents a 94.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Baiju Bhatt also recently made the following trade(s):

• On Wednesday, January 22nd, Baiju Bhatt sold 90,866 shares of Robinhood Markets stock. The stock was sold at an average price of $50.67, for a total value of $4,604,180.22.
• On Wednesday, January 15th, Baiju Bhatt sold 90,866 shares of Robinhood Markets stock. The stock was sold at an average price of $45.27, for a total value of $4,113,503.82.
• On Friday, January 3rd, Baiju Bhatt sold 228,645 shares of Robinhood Markets stock. The stock was sold at an average price of $40.37, for a total transaction of $9,230,398.65.
• On Wednesday, December 11th, Baiju Bhatt sold 186,514 shares of Robinhood Markets stock. The stock was sold at an average price of $38.13, for a total transaction of $7,111,778.82.

Robinhood Markets Trading Up 4.8 %

NASDAQ:HOOD opened at $55.91 on Thursday. The stock has a market capitalization of $49.42 billion, a P/E ratio of 94.76, a price-to-earnings-growth ratio of 0.73 and a beta of 2.13. Robinhood Markets, Inc. has a 1 year low of $11.43 and a 1 year high of $57.27. The firm has a 50 day moving average of $44.48 and a 200-day moving average of $31.90.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. As a group, analysts forecast that Robinhood Markets, Inc. will post 0.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Planning increased its position in Robinhood Markets by 142.8% in the 2nd quarter. Creative Planning now owns 26,290 shares of the company’s stock valued at $597,000 after acquiring an additional 15,464 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Robinhood Markets by 26.2% during the second quarter. Cetera Investment Advisers now owns 66,341 shares of the company’s stock valued at $1,507,000 after purchasing an additional 13,792 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Robinhood Markets by 71.3% in the third quarter. GAMMA Investing LLC now owns 3,923 shares of the company’s stock valued at $92,000 after purchasing an additional 1,633 shares in the last quarter. CWM LLC raised its position in Robinhood Markets by 66.9% in the 3rd quarter. CWM LLC now owns 38,746 shares of the company’s stock worth $907,000 after purchasing an additional 15,524 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in Robinhood Markets in the 3rd quarter worth approximately $89,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

HOOD has been the subject of several research reports. KeyCorp increased their price objective on Robinhood Markets from $50.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Piper Sandler boosted their price objective on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Citigroup upped their target price on Robinhood Markets from $25.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Mizuho boosted their price target on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $46.67.

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.