Baiju Bhatt Sells 94,156 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 94,156 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $55.34, for a total value of $5,210,593.04. Following the transaction, the director now directly owns 7,863 shares of the company’s stock, valued at approximately $435,138.42. The trade was a 92.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, April 28th, Baiju Bhatt sold 94,156 shares of Robinhood Markets stock. The shares were sold at an average price of $50.67, for a total transaction of $4,770,884.52.
• On Wednesday, April 23rd, Baiju Bhatt sold 47,133 shares of Robinhood Markets stock. The shares were sold at an average price of $45.27, for a total transaction of $2,133,710.91.
• On Wednesday, April 16th, Baiju Bhatt sold 223,072 shares of Robinhood Markets stock. The stock was sold at an average price of $41.24, for a total transaction of $9,199,489.28.
• On Monday, March 24th, Baiju Bhatt sold 47,023 shares of Robinhood Markets stock. The stock was sold at an average price of $46.37, for a total transaction of $2,180,456.51.
• On Friday, March 21st, Baiju Bhatt sold 223,528 shares of Robinhood Markets stock. The shares were sold at an average price of $43.21, for a total transaction of $9,658,644.88.
• On Thursday, February 13th, Baiju Bhatt sold 522,180 shares of Robinhood Markets stock. The shares were sold at an average price of $62.70, for a total transaction of $32,740,686.00.

Robinhood Markets Stock Performance

Shares of HOOD opened at $61.39 on Thursday. The business has a 50-day moving average of $44.26 and a 200 day moving average of $43.08. Robinhood Markets, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $66.91. The firm has a market cap of $54.36 billion, a P/E ratio of 39.10, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The firm had revenue of $927.00 million during the quarter, compared to analysts’ expectations of $917.12 million. During the same period last year, the business posted $0.18 EPS. The company’s revenue was up 50.0% compared to the same quarter last year. As a group, research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HOOD has been the topic of several recent analyst reports. JMP Securities restated a “market outperform” rating and set a $70.00 price objective on shares of Robinhood Markets in a research note on Thursday, May 1st. Needham & Company LLC raised their price objective on Robinhood Markets from $58.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup dropped their price objective on Robinhood Markets from $60.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Cantor Fitzgerald lowered their target price on Robinhood Markets from $62.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. Finally, KeyCorp lowered their target price on Robinhood Markets from $75.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.41.

Institutional Investors Weigh In On Robinhood Markets

Large investors have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its holdings in Robinhood Markets by 601.1% in the 4th quarter. IFP Advisors Inc now owns 4,396 shares of the company’s stock worth $164,000 after acquiring an additional 3,769 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Robinhood Markets by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company’s stock valued at $175,857,000 after buying an additional 138,267 shares in the last quarter. Atomi Financial Group Inc. grew its holdings in Robinhood Markets by 20.7% during the 4th quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company’s stock valued at $20,154,000 after buying an additional 92,613 shares in the last quarter. Requisite Capital Management LLC purchased a new position in Robinhood Markets during the 4th quarter valued at about $266,000. Finally, Aigen Investment Management LP grew its holdings in Robinhood Markets by 161.2% during the 4th quarter. Aigen Investment Management LP now owns 85,868 shares of the company’s stock valued at $3,199,000 after buying an additional 52,988 shares in the last quarter. Hedge funds and other institutional investors 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.