Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Sells $253,786.08 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner sold 5,853 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $43.36, for a total transaction of $253,786.08. Following the completion of the transaction, the chief technology officer now owns 11,706 shares of the company’s stock, valued at approximately $507,572.16. This represents a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jeffrey Tsvi Pinner also recently made the following trade(s):

• On Wednesday, March 5th, Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock. The stock was sold at an average price of $46.81, for a total transaction of $273,978.93.
• On Monday, January 27th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The shares were sold at an average price of $47.82, for a total value of $280,990.32.
• On Monday, January 6th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The stock was sold at an average price of $42.64, for a total value of $250,552.64.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD opened at $44.73 on Thursday. The company has a market capitalization of $39.61 billion, a P/E ratio of 28.49, a P/E/G ratio of 1.05 and a beta of 2.14. The company has a 50 day simple moving average of $49.33 and a 200-day simple moving average of $37.87. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. As a group, research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Institutional Trading of Robinhood Markets

Hedge funds and other institutional investors have recently modified their holdings of the business. New Wave Wealth Advisors LLC purchased a new position in Robinhood Markets during the fourth quarter worth about $26,000. True Wealth Design LLC purchased a new position in shares of Robinhood Markets during the 3rd quarter worth approximately $30,000. CoreCap Advisors LLC boosted its position in shares of Robinhood Markets by 191.6% during the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock worth $31,000 after purchasing an additional 550 shares during the period. Creative Financial Designs Inc. ADV increased its holdings in Robinhood Markets by 750.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock valued at $32,000 after purchasing an additional 750 shares during the last quarter. Finally, Colonial Trust Co SC purchased a new stake in Robinhood Markets in the fourth quarter valued at approximately $34,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Needham & Company LLC increased their target price on Robinhood Markets from $52.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Morgan Stanley lifted their target price on shares of Robinhood Markets from $64.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. The Goldman Sachs Group raised shares of Robinhood Markets from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $40.00 to $46.00 in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Robinhood Markets from $75.00 to $61.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Finally, KeyCorp increased their target price on Robinhood Markets from $57.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.29.

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.