Robinhood Markets, Inc. (NASDAQ:HOOD) Director Meyer Malka Sells 1,535,681 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Meyer Malka sold 1,535,681 shares of Robinhood Markets stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $40.11, for a total value of $61,596,164.91. Following the sale, the director now directly owns 4,974,238 shares of the company’s stock, valued at approximately $199,516,686.18. The trade was a 23.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Meyer Malka also recently made the following trade(s):

• On Thursday, November 7th, Meyer Malka sold 105,875 shares of Robinhood Markets stock. The shares were sold at an average price of $30.00, for a total value of $3,176,250.00.
• On Tuesday, October 8th, Meyer Malka sold 3,225,806 shares of Robinhood Markets stock. The stock was sold at an average price of $25.07, for a total value of $80,870,956.42.

Robinhood Markets Price Performance

HOOD opened at $41.67 on Friday. The firm has a 50 day simple moving average of $29.73 and a 200 day simple moving average of $24.19. The company has a market cap of $36.84 billion, a price-to-earnings ratio of 70.63, a price-to-earnings-growth ratio of 0.93 and a beta of 2.09. Robinhood Markets, Inc. has a fifty-two week low of $10.38 and a fifty-two week high of $42.76.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm had revenue of $637.00 million during the quarter, compared to the consensus estimate of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The firm’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.09) EPS. As a group, analysts expect that Robinhood Markets, Inc. will post 0.77 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Needham & Company LLC upgraded shares of Robinhood Markets from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Monday, November 18th. KeyCorp boosted their target price on Robinhood Markets from $30.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday. Piper Sandler increased their price target on Robinhood Markets from $36.00 to $42.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Sanford C. Bernstein boosted their price objective on shares of Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Bank of America raised their target price on shares of Robinhood Markets from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Robinhood Markets has an average rating of “Moderate Buy” and a consensus price target of $35.80.

Institutional Investors Weigh In On Robinhood Markets

Several institutional investors have recently bought and sold shares of the company. HM Payson & Co. raised its holdings in 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 acquiring an additional 410 shares in the last quarter. Commerce Bank raised its position in shares of Robinhood Markets by 3.3% in the third quarter. Commerce Bank now owns 13,245 shares of the company’s stock valued at $310,000 after purchasing an additional 423 shares during the period. Signaturefd LLC grew its stake in Robinhood Markets by 16.5% in the 3rd quarter. Signaturefd LLC now owns 3,437 shares of the company’s stock valued at $80,000 after buying an additional 487 shares during the last quarter. Castleview Partners LLC lifted its position in Robinhood Markets by 18.2% during the third quarter. Castleview Partners LLC now owns 3,788 shares of the company’s stock worth $89,000 after acquiring an additional 582 shares during the last quarter. Finally, Axxcess Wealth Management LLC increased its position in Robinhood Markets by 3.1% during the 3rd quarter. Axxcess Wealth Management LLC now owns 19,773 shares of the company’s stock worth $463,000 after buying an additional 598 shares during the period. 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.