Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Sells $25,385,000.00 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $50.77, for a total value of $25,385,000.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, January 2nd, Vladimir Tenev sold 750,000 shares of Robinhood Markets stock. The stock was sold at an average price of $39.16, for a total value of $29,370,000.00.
• On Monday, November 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The shares were sold at an average price of $24.21, for a total value of $6,052,500.00.

Robinhood Markets Trading Up 1.5 %

NASDAQ:HOOD opened at $51.12 on Monday. Robinhood Markets, Inc. has a 1 year low of $10.51 and a 1 year high of $52.06. The firm has a 50 day moving average of $40.38 and a 200-day moving average of $29.22. The stock has a market capitalization of $45.19 billion, a P/E ratio of 86.65, a price-to-earnings-growth ratio of 0.67 and a beta of 2.07.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The business’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.09) EPS. As a group, analysts forecast that Robinhood Markets, Inc. will post 0.97 EPS for the current fiscal year.

Institutional Trading of Robinhood Markets

A number of institutional investors have recently bought and sold shares of the business. New Wave Wealth Advisors LLC acquired a new stake in Robinhood Markets during the 4th quarter worth $26,000. Spire Wealth Management grew its holdings in Robinhood Markets by 104.6% during the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company’s stock worth $40,000 after acquiring an additional 549 shares during the period. HM Payson & Co. grew its holdings in Robinhood Markets by 53.5% during the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after acquiring an additional 410 shares during the period. True Wealth Design LLC acquired a new stake in Robinhood Markets during the 3rd quarter worth $30,000. Finally, Eastern Bank acquired a new stake in Robinhood Markets during the 3rd quarter worth $30,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

HOOD has been the subject of a number of research analyst reports. Piper Sandler increased their target price on Robinhood Markets from $36.00 to $42.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. The Goldman Sachs Group raised shares of Robinhood Markets from a “neutral” rating to a “buy” rating and upped their price target for the stock from $40.00 to $46.00 in a research note on Friday, December 6th. Needham & Company LLC reissued a “buy” rating and set a $52.00 target price (up from $40.00) on shares of Robinhood Markets in a research report on Monday, December 9th. Sanford C. Bernstein increased their target price on shares of Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and twelve 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 a consensus target price of $43.07.

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.