Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) Director Sells 16,667 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 16,667 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $17.16, for a total value of $286,005.72. Following the sale, the director now directly owns 36,045 shares in the company, valued at approximately $618,532.20. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, March 19th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The stock was sold at an average price of $17.17, for a total value of $286,172.39.
• On Tuesday, March 12th, Baiju Bhatt sold 157,177 shares of Robinhood Markets stock. The shares were sold at an average price of $16.41, for a total value of $2,579,274.57.
• On Thursday, February 29th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The shares were sold at an average price of $16.17, for a total transaction of $269,505.39.
• On Monday, February 26th, Baiju Bhatt sold 482,667 shares of Robinhood Markets stock. The stock was sold at an average price of $15.10, for a total transaction of $7,288,271.70.
• On Wednesday, February 21st, Baiju Bhatt sold 188,077 shares of Robinhood Markets stock. The stock was sold at an average price of $13.57, for a total transaction of $2,552,204.89.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD opened at $17.31 on Thursday. Robinhood Markets, Inc. has a 1 year low of $7.91 and a 1 year high of $20.55. The stock has a 50-day simple moving average of $17.23 and a 200-day simple moving average of $12.84. The stock has a market capitalization of $15.14 billion, a P/E ratio of -28.85 and a beta of 1.69.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Tuesday, February 13th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. The business had revenue of $471.00 million for the quarter, compared to the consensus estimate of $454.73 million. During the same quarter last year, the firm posted ($0.19) EPS. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year. Analysts predict that Robinhood Markets, Inc. will post 0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

HOOD has been the subject of several recent research reports. The Goldman Sachs Group raised their price target on Robinhood Markets from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Barclays lifted their price target on shares of Robinhood Markets from $11.00 to $16.00 and gave the stock an “underweight” rating in a report on Monday, April 8th. Morgan Stanley lifted their target price on shares of Robinhood Markets from $11.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods initiated coverage on Robinhood Markets in a report on Wednesday, April 3rd. They set a “market perform” rating and a $20.00 price objective on the stock. Finally, Piper Sandler upped their target price on Robinhood Markets from $12.50 to $17.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $18.88.

Institutional Investors Weigh In On Robinhood Markets

Several hedge funds have recently modified their holdings of HOOD. PNC Financial Services Group Inc. raised its stake in shares of Robinhood Markets by 46.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock valued at $29,000 after purchasing an additional 722 shares during the period. Commerce Bank boosted its holdings in Robinhood Markets by 7.9% in the fourth quarter. Commerce Bank now owns 12,459 shares of the company’s stock valued at $159,000 after purchasing an additional 917 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in Robinhood Markets by 4.7% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 23,642 shares of the company’s stock valued at $310,000 after purchasing an additional 1,060 shares in the last quarter. Treasurer of the State of North Carolina raised its position in shares of Robinhood Markets by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 291,573 shares of the company’s stock valued at $2,860,000 after purchasing an additional 1,480 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Robinhood Markets by 6.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 23,591 shares of the company’s stock worth $301,000 after buying an additional 1,494 shares during the last quarter. 93.27% of the stock is currently owned by hedge funds and other 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.