Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) Director Sells 154,160 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 154,160 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $17.61, for a total value of $2,714,757.60. Following the completion of the sale, the director now owns 36,045 shares in the company, valued at approximately $634,752.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Thursday, April 18th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The stock was sold at an average price of $17.16, for a total value of $286,005.72.
• On Tuesday, March 19th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The stock was sold at an average price of $17.17, for a total value of $286,172.39.
• On Tuesday, March 12th, Baiju Bhatt sold 157,177 shares of Robinhood Markets stock. The stock was sold at an average price of $16.41, for a total value of $2,579,274.57.
• On Thursday, February 29th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The stock was sold at an average price of $16.17, for a total value of $269,505.39.
• On Monday, February 26th, Baiju Bhatt sold 482,667 shares of Robinhood Markets stock. The stock was sold at an average price of $15.10, for a total value of $7,288,271.70.
• On Wednesday, February 21st, Baiju Bhatt sold 188,077 shares of Robinhood Markets stock. The stock was sold at an average price of $13.57, for a total value of $2,552,204.89.

Robinhood Markets Stock Performance

HOOD opened at $17.88 on Friday. Robinhood Markets, Inc. has a fifty-two week low of $7.91 and a fifty-two week high of $20.55. The company has a market capitalization of $15.64 billion, a P/E ratio of -29.80 and a beta of 1.69. The stock has a fifty day moving average of $17.38 and a 200-day moving average of $12.94.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $471.00 million during the quarter, compared to the consensus estimate of $454.73 million. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. Robinhood Markets’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. On average, equities research analysts predict that Robinhood Markets, Inc. will post 0.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Barclays upped their price objective on Robinhood Markets from $11.00 to $16.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. KeyCorp increased their price target on Robinhood Markets from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. JMP Securities increased their price target on Robinhood Markets from $25.00 to $28.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Mizuho increased their price target on Robinhood Markets from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, The Goldman Sachs Group increased their price target on Robinhood Markets from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Robinhood Markets currently has an average rating of “Hold” and a consensus target price of $18.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HOOD. Spire Wealth Management acquired a new position in Robinhood Markets in the fourth quarter valued at about $26,000. Peoples Bank KS acquired a new position in Robinhood Markets in the third quarter valued at about $29,000. PNC Financial Services Group Inc. raised its stake in Robinhood Markets by 46.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock valued at $29,000 after purchasing an additional 722 shares in the last quarter. UniSuper Management Pty Ltd acquired a new position in Robinhood Markets in the third quarter valued at about $30,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Robinhood Markets during the first quarter worth about $34,000. 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.