Robinhood Markets, Inc. (NASDAQ:HOOD) Director Sells $5,028,524.44 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 90,866 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $55.34, for a total value of $5,028,524.44. Following the completion of the transaction, the director now directly owns 5,042 shares of the company’s stock, valued at approximately $279,024.28. The trade was a 94.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Baiju Bhatt also recently made the following trade(s):

• On Wednesday, January 22nd, Baiju Bhatt sold 90,866 shares of Robinhood Markets stock. The stock was sold at an average price of $50.67, for a total transaction of $4,604,180.22.
• On Wednesday, January 15th, Baiju Bhatt sold 90,866 shares of Robinhood Markets stock. The shares were sold at an average price of $45.27, for a total transaction of $4,113,503.82.
• On Friday, January 3rd, Baiju Bhatt sold 228,645 shares of Robinhood Markets stock. The stock was sold at an average price of $40.37, for a total transaction of $9,230,398.65.
• On Wednesday, December 11th, Baiju Bhatt sold 186,514 shares of Robinhood Markets stock. The stock was sold at an average price of $38.13, for a total value of $7,111,778.82.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD opened at $63.80 on Friday. The firm has a 50 day simple moving average of $44.98 and a 200 day simple moving average of $32.13. Robinhood Markets, Inc. has a 52 week low of $12.77 and a 52 week high of $66.91. The company has a market cap of $56.40 billion, a PE ratio of 108.14, a price-to-earnings-growth ratio of 0.73 and a beta of 2.13.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. On average, equities analysts predict that Robinhood Markets, Inc. will post 0.97 earnings per share for the current year.

Institutional Investors Weigh In On Robinhood Markets

A number of institutional investors have recently bought and sold shares of the business. New Wave Wealth Advisors LLC acquired a new position in shares of Robinhood Markets in the 4th quarter valued at about $26,000. Creative Financial Designs Inc. ADV grew its position in Robinhood Markets by 750.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock valued at $32,000 after purchasing an additional 750 shares in the last quarter. Silicon Valley Capital Partners acquired a new position in Robinhood Markets in the 4th quarter valued at approximately $37,000. Bogart Wealth LLC purchased a new stake in Robinhood Markets in the 4th quarter worth approximately $37,000. Finally, Spire Wealth Management boosted its stake in shares of Robinhood Markets by 104.6% during the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company’s stock valued at $40,000 after buying an additional 549 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HOOD. JPMorgan Chase & Co. increased their price target on Robinhood Markets from $39.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday. Sanford C. Bernstein raised their target price on Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Piper Sandler boosted their price target on shares of Robinhood Markets from $54.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday. JMP Securities upped their price target on shares of Robinhood Markets from $60.00 to $77.00 and gave the company a “market outperform” rating in a report on Thursday. Finally, Morgan Stanley lifted their price objective on shares of Robinhood Markets from $64.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $58.07.

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.