Robinhood Markets, Inc. (NASDAQ:HOOD) CFO Jason Warnick Sells 5,000 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) CFO Jason Warnick sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $16.72, for a total transaction of $83,600.00. Following the completion of the sale, the chief financial officer now directly owns 997,407 shares in the company, valued at approximately $16,676,645.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Jason Warnick also recently made the following trade(s):

• On Monday, April 1st, Jason Warnick sold 5,000 shares of Robinhood Markets stock. The stock was sold at an average price of $19.59, for a total transaction of $97,950.00.
• On Friday, March 1st, Jason Warnick sold 5,000 shares of Robinhood Markets stock. The shares were sold at an average price of $16.47, for a total transaction of $82,350.00.
• On Monday, February 12th, Jason Warnick sold 5,000 shares of Robinhood Markets stock. The shares were sold at an average price of $12.00, for a total value of $60,000.00.

Robinhood Markets Stock Performance

NASDAQ:HOOD opened at $17.95 on Friday. The company has a market cap of $15.70 billion, a PE ratio of -29.92 and a beta of 1.74. The stock has a 50-day simple moving average of $17.70 and a 200 day simple moving average of $13.19. Robinhood Markets, Inc. has a 52-week low of $7.91 and a 52-week high of $20.55.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $471.00 million during the quarter, compared to analysts’ expectations of $454.73 million. During the same period last year, the business earned ($0.19) EPS. The business’s quarterly revenue was up 23.9% on a year-over-year basis. On average, research analysts predict that Robinhood Markets, Inc. will post 0.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HOOD shares. Mizuho raised their target price on shares of Robinhood Markets from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Citigroup cut shares of Robinhood Markets from a “neutral” rating to a “sell” rating and raised their price objective for the company from $13.00 to $16.00 in a research note on Thursday, April 11th. The Goldman Sachs Group upped their target price 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. Piper Sandler raised their price target on Robinhood Markets from $12.50 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Finally, JMP Securities upped their price objective on Robinhood Markets from $25.00 to $28.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. Three research 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’s stock. According to MarketBeat, Robinhood Markets has a consensus rating of “Hold” and a consensus price target of $18.88.

Institutional Trading of Robinhood Markets

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in shares of Robinhood Markets by 15.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,419,817 shares of the company’s stock worth $23,738,000 after purchasing an additional 325,506 shares during the last quarter. California Public Employees Retirement System raised its stake in Robinhood Markets by 12.2% in the third quarter. California Public Employees Retirement System now owns 1,009,592 shares of the company’s stock valued at $9,904,000 after buying an additional 109,652 shares during the period. Seven Eight Capital LP acquired a new stake in shares of Robinhood Markets in the third quarter valued at approximately $131,000. Quantbot Technologies LP boosted its stake in shares of Robinhood Markets by 583.1% during the 3rd quarter. Quantbot Technologies LP now owns 132,612 shares of the company’s stock worth $1,301,000 after acquiring an additional 113,199 shares during the period. Finally, Gulf International Bank UK Ltd acquired a new position in shares of Robinhood Markets during the 4th quarter worth approximately $764,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

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.