Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Sells $250,552.64 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $42.64, for a total value of $250,552.64. Following the completion of the sale, the chief technology officer now directly owns 5,876 shares in the company, valued at $250,552.64. This represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 value of $222,817.92.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD traded up $0.25 during mid-day trading on Wednesday, reaching $40.81. 13,978,934 shares of the company were exchanged, compared to its average volume of 18,562,717. Robinhood Markets, Inc. has a 1 year low of $10.38 and a 1 year high of $43.83. The firm’s 50-day simple moving average is $36.07 and its 200 day simple moving average is $27.10. The firm has a market cap of $36.08 billion, a price-to-earnings ratio of 69.17, a P/E/G ratio of 0.81 and a beta of 2.07.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates 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 in the previous year, the firm posted ($0.09) earnings per share. The company’s quarterly revenue was up 36.4% compared to the same quarter last year. On average, research analysts forecast that Robinhood Markets, Inc. will post 0.8 earnings per share for the current fiscal year.

Institutional Trading of Robinhood Markets

A number of institutional investors and hedge funds have recently bought and sold shares of the business. HM Payson & Co. grew its holdings in shares of Robinhood Markets by 53.5% in the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after purchasing an additional 410 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of Robinhood Markets in the third quarter valued at $30,000. Eastern Bank purchased a new position in Robinhood Markets in the third quarter valued at $30,000. ORG Wealth Partners LLC acquired a new position in Robinhood Markets during the 3rd quarter worth $33,000. Finally, Connective Portfolio Management LLC acquired a new position in Robinhood Markets during the 3rd quarter worth $47,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. KeyCorp increased their target price on shares of Robinhood Markets from $30.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. JMP Securities raised their target price on shares of Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Tuesday, November 12th. Sanford C. Bernstein boosted their target price on Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised Robinhood Markets from an “underweight” rating to a “neutral” rating and increased their price target for the company from $20.00 to $43.00 in a report on Tuesday. Finally, Barclays upgraded Robinhood Markets from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $26.00 to $49.00 in a report on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.67.

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.