Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Sells $4,815,000.00 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 250,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $19.26, for a total transaction of $4,815,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, August 5th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $16.05, for a total value of $4,012,500.00.
• On Friday, July 5th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $22.50, for a total value of $5,625,000.00.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD opened at $18.94 on Friday. The stock has a market capitalization of $16.65 billion, a price-to-earnings ratio of 126.27 and a beta of 1.82. The firm’s 50 day simple moving average is $20.75 and its 200-day simple moving average is $19.51. Robinhood Markets, Inc. has a 12 month low of $7.91 and a 12 month high of $24.88.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. The firm had revenue of $682.00 million for the quarter, compared to analyst estimates of $640.39 million. Robinhood Markets had a return on equity of 4.25% and a net margin of 12.96%. The business’s revenue was up 40.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 EPS. Analysts anticipate that Robinhood Markets, Inc. will post 0.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HOOD. Piper Sandler raised shares of Robinhood Markets from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $20.00 to $23.00 in a research report on Monday, August 12th. Morgan Stanley increased their target price on Robinhood Markets from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft upgraded Robinhood Markets from a “hold” rating to a “buy” rating and lifted their price target for the company from $21.00 to $24.00 in a report on Thursday, August 15th. Needham & Company LLC restated a “hold” rating on shares of Robinhood Markets in a research note on Thursday, August 8th. Finally, KeyCorp lifted their target price on Robinhood Markets from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $22.83.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Robinhood Markets by 1.8% in the first quarter. Vanguard Group Inc. now owns 56,828,633 shares of the company’s stock valued at $1,143,960,000 after purchasing an additional 1,003,535 shares during the period. Banque Cantonale Vaudoise raised its stake in Robinhood Markets by 21,404.0% during the first quarter. Banque Cantonale Vaudoise now owns 96,768 shares of the company’s stock worth $1,948,000 after purchasing an additional 96,318 shares during the period. UniSuper Management Pty Ltd boosted its holdings in Robinhood Markets by 87.1% in the 1st quarter. UniSuper Management Pty Ltd now owns 5,800 shares of the company’s stock valued at $117,000 after purchasing an additional 2,700 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Robinhood Markets in the 4th quarter valued at approximately $8,299,000. Finally, SG Americas Securities LLC increased its holdings in shares of Robinhood Markets by 62.5% during the 1st quarter. SG Americas Securities LLC now owns 283,684 shares of the company’s stock worth $5,711,000 after buying an additional 109,059 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

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.