Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Sells $426,834.96 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 25,049 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $17.04, for a total transaction of $426,834.96. Following the sale, the chief executive officer now owns 32,584 shares of the company’s stock, valued at $555,231.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, April 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $18.67, for a total value of $4,667,500.00.
• On Monday, March 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The shares were sold at an average price of $16.76, for a total value of $4,190,000.00.
• On Monday, February 26th, Vladimir Tenev sold 500,000 shares of Robinhood Markets stock. The stock was sold at an average price of $15.12, for a total value of $7,560,000.00.
• On Monday, February 5th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $10.61, for a total value of $2,652,500.00.

Robinhood Markets Stock Up 1.9 %

HOOD stock traded up $0.34 during midday trading on Friday, hitting $17.95. 9,455,348 shares of the company traded hands, compared to its average volume of 13,956,204. Robinhood Markets, Inc. has a twelve month low of $7.91 and a twelve month high of $20.55. The stock has a market capitalization of $15.70 billion, a price-to-earnings ratio of -29.35 and a beta of 1.74. The business has a 50 day simple moving average of $17.63 and a 200-day simple moving average of $13.13.

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

Analyst Ratings Changes

A number of equities research analysts have commented on HOOD shares. Sanford C. Bernstein began coverage on Robinhood Markets in a research report on Thursday, March 14th. They set an “outperform” rating and a $30.00 price objective for the company. The Goldman Sachs Group boosted their price objective on shares of Robinhood Markets from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. TheStreet upgraded shares of Robinhood Markets from a “d+” rating to a “c-” rating in a research report on Wednesday, February 28th. Barclays boosted their price target on shares of Robinhood Markets from $11.00 to $16.00 and gave the company an “underweight” rating in a report on Monday, April 8th. Finally, Mizuho increased their price objective on Robinhood Markets from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $18.88.

Hedge Funds Weigh In On Robinhood Markets

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Robinhood Markets by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 57,261,184 shares of the company’s stock valued at $561,732,000 after buying an additional 2,459,702 shares during the last quarter. ARK Investment Management LLC increased its holdings in shares of Robinhood Markets by 6.4% during the 4th quarter. ARK Investment Management LLC now owns 34,936,204 shares of the company’s stock worth $445,087,000 after purchasing an additional 2,101,325 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Robinhood Markets by 9.4% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,205,693 shares of the company’s stock valued at $372,081,000 after acquiring an additional 2,517,012 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its position in shares of Robinhood Markets by 9.6% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 28,297,822 shares of the company’s stock worth $360,514,000 after acquiring an additional 2,486,986 shares during the period. Finally, Norges Bank acquired a new stake in shares of Robinhood Markets during the 4th quarter worth approximately $84,165,000. 93.27% of the stock is currently 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.