Robinhood Markets (NASDAQ:HOOD) CFO Shiv Verma Sells 5,438 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) CFO Shiv Verma sold 5,438 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $75.00, for a total transaction of $407,850.00. Following the completion of the transaction, the chief financial officer owned 58,183 shares in the company, valued at approximately $4,363,725. This trade represents a 8.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shiv Verma also recently made the following trade(s):

• On Tuesday, February 17th, Shiv Verma sold 5,474 shares of Robinhood Markets stock. The shares were sold at an average price of $75.13, for a total transaction of $411,261.62.

Robinhood Markets Price Performance

HOOD stock opened at $74.90 on Thursday. The company has a market capitalization of $67.43 billion, a P/E ratio of 36.36, a price-to-earnings-growth ratio of 1.75 and a beta of 2.47. Robinhood Markets, Inc. has a 12 month low of $29.66 and a 12 month high of $153.86. The firm’s fifty day simple moving average is $88.64 and its 200-day simple moving average is $113.21.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the company posted $1.01 earnings per share. Robinhood Markets’s revenue for the quarter was up 26.5% on a year-over-year basis. As a group, sell-side analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Hedge Funds Weigh In On Robinhood Markets

A number of institutional investors have recently bought and sold shares of the company. North Star Investment Management Corp. raised its position in Robinhood Markets by 44.9% in the third quarter. North Star Investment Management Corp. now owns 255 shares of the company’s stock valued at $37,000 after purchasing an additional 79 shares during the period. First Command Advisory Services Inc. increased its position in shares of Robinhood Markets by 33.8% during the third quarter. First Command Advisory Services Inc. now owns 321 shares of the company’s stock valued at $46,000 after acquiring an additional 81 shares during the last quarter. CogentBlue Wealth Advisors LLC lifted its holdings in shares of Robinhood Markets by 3.8% in the 3rd quarter. CogentBlue Wealth Advisors LLC now owns 2,391 shares of the company’s stock worth $342,000 after acquiring an additional 87 shares during the last quarter. Evolution Wealth Advisors LLC boosted its position in shares of Robinhood Markets by 5.2% during the 4th quarter. Evolution Wealth Advisors LLC now owns 1,916 shares of the company’s stock worth $217,000 after purchasing an additional 95 shares during the period. Finally, ORG Partners LLC increased its holdings in Robinhood Markets by 5.5% in the 3rd quarter. ORG Partners LLC now owns 1,876 shares of the company’s stock valued at $269,000 after purchasing an additional 97 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HOOD shares. Truist Financial reduced their target price on Robinhood Markets from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Needham & Company LLC dropped their price target on Robinhood Markets from $135.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Argus assumed coverage on Robinhood Markets in a research note on Friday, January 9th. They issued a “buy” rating and a $145.00 price objective for the company. Loop Capital set a $130.00 price objective on Robinhood Markets in a report on Monday, February 9th. Finally, Bank of America lowered their target price on shares of Robinhood Markets from $166.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Seventeen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $120.59.

Robinhood Markets Company Profile

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.