Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner Sells 5,853 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner sold 5,853 shares of the company’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $43.36, for a total value of $253,786.08. Following the completion of the sale, the chief technology officer now owns 11,706 shares of the company’s stock, valued at $507,572.16. This trade represents a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jeffrey Tsvi Pinner also recently made the following trade(s):

• On Wednesday, March 5th, Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock. The shares were sold at an average price of $46.81, for a total value of $273,978.93.
• On Monday, January 27th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The shares were sold at an average price of $47.82, for a total value of $280,990.32.
• On Monday, January 6th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The stock was sold at an average price of $42.64, for a total transaction of $250,552.64.

Robinhood Markets Stock Performance

Shares of HOOD opened at $48.36 on Tuesday. The stock has a market capitalization of $42.82 billion, a PE ratio of 30.80, a P/E/G ratio of 1.05 and a beta of 2.14. The company’s fifty day moving average is $49.22 and its 200 day moving average is $37.61. Robinhood Markets, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. As a group, research analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on HOOD shares. Citigroup lifted their price target on shares of Robinhood Markets from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Needham & Company LLC upped their target price on shares of Robinhood Markets from $52.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Morgan Stanley raised their price target on Robinhood Markets from $64.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft dropped their price objective on Robinhood Markets from $75.00 to $61.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Finally, KeyCorp boosted their price target on Robinhood Markets from $57.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $61.29.

Institutional Investors Weigh In On Robinhood Markets

Large investors have recently added to or reduced their stakes in the stock. New Wave Wealth Advisors LLC purchased a new position in shares of Robinhood Markets in the 4th quarter worth approximately $26,000. True Wealth Design LLC bought a new stake in Robinhood Markets in the third quarter worth $30,000. CoreCap Advisors LLC boosted its stake in Robinhood Markets by 191.6% during the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock worth $31,000 after buying an additional 550 shares during the period. Creative Financial Designs Inc. ADV increased 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 acquiring an additional 750 shares during the last quarter. Finally, Colonial Trust Co SC purchased a new stake in shares of Robinhood Markets in the fourth quarter valued at $34,000. 93.27% of the stock is owned by institutional investors.

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.