Vladimir Tenev Sells 250,000 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 250,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $19.26, for a total value of $4,815,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Monday, August 5th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $16.05, for a total value of $4,012,500.00.
• On Friday, July 5th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The shares were sold at an average price of $22.50, for a total value of $5,625,000.00.

Robinhood Markets Stock Performance

Shares of HOOD traded down $0.73 during trading hours on Friday, reaching $18.94. The stock had a trading volume of 12,790,012 shares, compared to its average volume of 15,883,782. Robinhood Markets, Inc. has a 12 month low of $7.91 and a 12 month high of $24.88. The stock has a market capitalization of $16.65 billion, a PE ratio of 126.00 and a beta of 1.83. The company’s 50-day moving average is $20.82 and its two-hundred day moving average is $19.47.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. Robinhood Markets had a return on equity of 4.25% and a net margin of 12.96%. The business had revenue of $682.00 million during the quarter, compared to the consensus estimate of $640.39 million. During the same period in the prior year, the business posted $0.03 earnings per share. Robinhood Markets’s quarterly revenue was up 40.3% on a year-over-year basis. Equities analysts anticipate that Robinhood Markets, Inc. will post 0.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Robinhood Markets

Several hedge funds have recently modified their holdings of the company. ORG Partners LLC bought a new position in Robinhood Markets in the 2nd quarter valued at $33,000. Allspring Global Investments Holdings LLC bought a new position in Robinhood Markets in the 1st quarter valued at $34,000. International Assets Investment Management LLC bought a new position in Robinhood Markets in the 2nd quarter valued at $40,000. Opal Wealth Advisors LLC bought a new position in Robinhood Markets in the 2nd quarter valued at $45,000. Finally, Spire Wealth Management bought a new position in Robinhood Markets in the 4th quarter valued at $26,000. Institutional investors own 93.27% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HOOD. Bank of America boosted their price target on Robinhood Markets from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. JMP Securities reaffirmed a “market outperform” rating and set a $30.00 target price on shares of Robinhood Markets in a report on Thursday, August 8th. The Goldman Sachs Group lifted their target price on Robinhood Markets from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Keefe, Bruyette & Woods decreased their target price on Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. boosted their price target on Robinhood Markets from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $22.83.

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.