Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Sells $2,652,500.00 in Stock

Robinhood Markets, Inc. (NASDAQ:HOODGet Free Report) CEO Vladimir Tenev sold 250,000 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $10.61, for a total transaction of $2,652,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Thursday, January 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The shares were sold at an average price of $12.01, for a total transaction of $3,002,500.00.
  • On Monday, December 11th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $11.60, for a total transaction of $2,900,000.00.

Robinhood Markets Stock Up 2.0 %

Robinhood Markets stock opened at $11.22 on Friday. Robinhood Markets, Inc. has a 52 week low of $7.91 and a 52 week high of $13.51. The firm’s 50-day simple moving average is $11.57 and its 200 day simple moving average is $10.54. The firm has a market capitalization of $9.70 billion, a PE ratio of -13.68 and a beta of 1.38.

Robinhood Markets (NASDAQ:HOODGet Free Report) last released its quarterly earnings data on Tuesday, November 7th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. Robinhood Markets had a negative net margin of 41.54% and a negative return on equity of 10.62%. The business had revenue of $467.00 million for the quarter, compared to analyst estimates of $479.51 million. During the same period in the previous year, the firm earned ($0.20) EPS. The business’s revenue for the quarter was up 29.4% compared to the same quarter last year. On average, research analysts expect that Robinhood Markets, Inc. will post -0.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Robinhood Markets

Several institutional investors and hedge funds have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. boosted its position in shares of Robinhood Markets by 37.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 32,382 shares of the company’s stock worth $413,000 after buying an additional 8,796 shares in the last quarter. Pathway Capital Management LP acquired a new position in Robinhood Markets in the 4th quarter valued at about $2,504,000. Nikko Asset Management Americas Inc. raised its stake in Robinhood Markets by 9.6% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 28,297,822 shares of the company’s stock valued at $360,514,000 after purchasing an additional 2,486,986 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Robinhood Markets by 2.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 182,694 shares of the company’s stock valued at $2,154,000 after purchasing an additional 4,347 shares during the last quarter. Finally, Forum Financial Management LP acquired a new position in Robinhood Markets in the 4th quarter valued at about $238,000. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HOOD has been the topic of a number of recent research reports. KeyCorp lifted their target price on shares of Robinhood Markets from $12.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, January 8th. Redburn Atlantic started coverage on shares of Robinhood Markets in a research report on Friday, December 1st. They issued a “neutral” rating and a $9.50 price objective on the stock. Mizuho lifted their price objective on shares of Robinhood Markets from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Piper Sandler lowered their price objective on shares of Robinhood Markets from $11.50 to $10.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 8th. Finally, Morgan Stanley lowered their price objective on shares of Robinhood Markets from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Friday, November 24th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.50.

View Our Latest Report on HOOD

About Robinhood Markets

(Get Free Report)

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company provides various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is an online collection of beginners' guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron's, Reuters, and Dow Jones; Snacks, an accessible digest of business news stories for new generation of investors.

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Insider Buying and Selling by Quarter for Robinhood Markets (NASDAQ:HOOD)

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