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 the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total transaction of $31,470,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, January 22nd, Vladimir Tenev sold 500,000 shares of Robinhood Markets stock. The shares were sold at an average price of $50.77, for a total transaction of $25,385,000.00.

Robinhood Markets Stock Down 9.8 %

Robinhood Markets stock opened at $34.51 on Friday. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91. The company has a 50 day moving average of $48.15 and a 200-day moving average of $38.82. The stock has a market capitalization of $30.56 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. Equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analysts Set New Price Targets

HOOD has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Robinhood Markets from $75.00 to $61.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Morgan Stanley increased their price objective on Robinhood Markets from $64.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Compass Point initiated coverage on Robinhood Markets in a report on Wednesday, March 19th. They issued a “buy” rating and a $61.00 target price on the stock. Cantor Fitzgerald initiated coverage on Robinhood Markets in a report on Thursday, March 6th. They set an “overweight” rating and a $69.00 price target for the company. Finally, Barclays boosted their price objective on shares of Robinhood Markets from $54.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.24.

Institutional Investors Weigh In On Robinhood Markets

A number of institutional investors have recently modified their holdings of the business. Versant Capital Management Inc boosted its stake in Robinhood Markets by 2.9% in the first quarter. Versant Capital Management Inc now owns 23,634 shares of the company’s stock valued at $984,000 after buying an additional 660 shares in the last quarter. Kera Capital Partners Inc. bought a new position in shares of Robinhood Markets in the 1st quarter valued at $4,272,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Robinhood Markets by 139.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company’s stock valued at $36,000 after acquiring an additional 498 shares in the last quarter. Wellington Management Group LLP bought a new stake in Robinhood Markets during the 4th quarter worth $588,000. Finally, Kilter Group LLC acquired a new position in Robinhood Markets in the 4th quarter worth about $240,000. 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.