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 Robinhood Markets stock in a transaction 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 sale, the chief technology officer now directly owns 5,876 shares of the company’s stock, valued at approximately $250,552.64. This trade represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 transaction of $222,817.92.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD opened at $40.81 on Thursday. The stock’s 50-day moving average is $36.32 and its two-hundred day moving average is $27.20. The company has a market cap of $36.08 billion, a price-to-earnings ratio of 69.17, a price-to-earnings-growth ratio of 0.81 and a beta of 2.07. Robinhood Markets, Inc. has a 1-year low of $10.38 and a 1-year high of $43.83.

Robinhood Markets (NASDAQ:HOOD) last issued 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). Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The firm had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. During the same period last year, the business earned ($0.09) EPS. The firm’s revenue was up 36.4% compared to the same quarter last year. Equities research analysts anticipate that Robinhood Markets, Inc. will post 0.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on HOOD. Citigroup raised their target price on Robinhood Markets from $19.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, September 27th. JMP Securities boosted their target price on shares of Robinhood Markets from $33.00 to $40.00 and gave the company a “market outperform” rating in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft raised their price objective on Robinhood Markets from $36.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Morgan Stanley upgraded Robinhood Markets from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $24.00 to $55.00 in a research report on Monday, November 25th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Robinhood Markets from $24.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.67.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HOOD. HM Payson & Co. grew its holdings 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 worth $28,000 after buying an additional 410 shares during the last quarter. Eastern Bank purchased a new position in shares of Robinhood Markets during the 3rd quarter worth approximately $30,000. True Wealth Design LLC acquired a new stake in shares of Robinhood Markets in the 3rd quarter valued at approximately $30,000. ORG Wealth Partners LLC purchased a new stake in shares of Robinhood Markets in the third quarter valued at approximately $33,000. Finally, Connective Portfolio Management LLC purchased a new position in Robinhood Markets in the third quarter worth $47,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

About Robinhood Markets

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.