Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Sells $25,385,000.00 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 500,000 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $50.77, for a total value of $25,385,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, January 2nd, Vladimir Tenev sold 750,000 shares of Robinhood Markets stock. The shares were sold at an average price of $39.16, for a total transaction of $29,370,000.00.
• On Monday, November 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The shares were sold at an average price of $24.21, for a total transaction of $6,052,500.00.

Robinhood Markets Price Performance

Robinhood Markets stock traded up $0.76 during midday trading on Friday, reaching $51.12. The company had a trading volume of 19,831,414 shares, compared to its average volume of 21,733,734. Robinhood Markets, Inc. has a 12-month low of $10.51 and a 12-month high of $52.06. The firm’s fifty day simple moving average is $40.01 and its 200-day simple moving average is $28.92. The company has a market capitalization of $45.19 billion, a P/E ratio of 86.65, a P/E/G ratio of 0.67 and a beta of 2.07.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The business had revenue of $637.00 million for the quarter, compared to analysts’ expectations of $660.53 million. During the same period in the previous year, the company earned ($0.09) EPS. Robinhood Markets’s quarterly revenue was up 36.4% compared to the same quarter last year. On average, analysts expect that Robinhood Markets, Inc. will post 0.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Piper Sandler increased their price target on shares of Robinhood Markets from $36.00 to $42.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. JMP Securities raised their target price on shares of Robinhood Markets from $33.00 to $40.00 and gave the company a “market outperform” rating in a research note on Tuesday, November 12th. Sanford C. Bernstein lifted their price target on shares of Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Citigroup increased their price objective on Robinhood Markets from $25.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Three investment 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, Robinhood Markets currently has an average rating of “Moderate Buy” and an average price target of $43.07.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. HM Payson & Co. raised its stake in shares of Robinhood Markets by 53.5% in the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after acquiring an additional 410 shares during the period. Commerce Bank raised its position in 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 lifted its stake in Robinhood Markets by 16.5% during the third quarter. Signaturefd LLC now owns 3,437 shares of the company’s stock worth $80,000 after purchasing an additional 487 shares in the last quarter. Spire Wealth Management boosted its position in shares of Robinhood Markets by 104.6% during the fourth quarter. Spire Wealth Management now owns 1,074 shares of the company’s stock worth $40,000 after buying an additional 549 shares during the period. Finally, Castleview Partners LLC grew its stake in shares of Robinhood Markets by 18.2% in the third quarter. Castleview Partners LLC now owns 3,788 shares of the company’s stock valued at $89,000 after buying an additional 582 shares in 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.