Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Sells $426,834.96 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 25,049 shares of Robinhood Markets stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $17.04, for a total transaction of $426,834.96. Following the sale, the chief executive officer now owns 32,584 shares of the company’s stock, valued at $555,231.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, April 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The shares were sold at an average price of $18.67, for a total transaction of $4,667,500.00.
• On Monday, March 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The shares were sold at an average price of $16.76, for a total transaction of $4,190,000.00.
• On Monday, February 26th, Vladimir Tenev sold 500,000 shares of Robinhood Markets stock. The stock was sold at an average price of $15.12, for a total transaction of $7,560,000.00.
• On Monday, February 5th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $10.61, for a total transaction of $2,652,500.00.

Robinhood Markets Stock Up 1.9 %

NASDAQ HOOD opened at $17.95 on Monday. The stock has a market cap of $15.70 billion, a PE ratio of -29.92 and a beta of 1.74. The business has a 50 day moving average price of $17.70 and a two-hundred day moving average price of $13.24. Robinhood Markets, Inc. has a fifty-two week low of $7.91 and a fifty-two week high of $20.55.

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

Institutional Trading of Robinhood Markets

A number of hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its position in shares of Robinhood Markets by 46.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock worth $29,000 after acquiring an additional 722 shares during the last quarter. Commerce Bank increased its position in shares of Robinhood Markets by 7.9% during the fourth quarter. Commerce Bank now owns 12,459 shares of the company’s stock worth $159,000 after acquiring an additional 917 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Robinhood Markets by 4.7% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 23,642 shares of the company’s stock worth $310,000 after acquiring an additional 1,060 shares during the last quarter. Whittier Trust Co. increased its position in shares of Robinhood Markets by 25.8% during the first quarter. Whittier Trust Co. now owns 5,828 shares of the company’s stock worth $117,000 after acquiring an additional 1,194 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Robinhood Markets by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 291,573 shares of the company’s stock worth $2,860,000 after acquiring an additional 1,480 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HOOD has been the subject of several recent analyst reports. Barclays lifted their target price on shares of Robinhood Markets from $11.00 to $16.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Robinhood Markets from $12.00 to $16.00 and gave the stock a “hold” rating in a research note on Tuesday, March 19th. TheStreet raised shares of Robinhood Markets from a “d+” rating to a “c-” rating in a research note on Wednesday, February 28th. Keefe, Bruyette & Woods assumed coverage on shares of Robinhood Markets in a research note on Wednesday, April 3rd. They issued a “market perform” rating and a $20.00 target price for the company. Finally, Sanford C. Bernstein assumed coverage on shares of Robinhood Markets in a research note on Thursday, March 14th. They set an “outperform” rating and a $30.00 price objective for the company. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $18.88.

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.