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

Robinhood Markets, Inc. (NASDAQ:HOODGet Free Report) CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $10.61, for a total value of $2,652,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

Robinhood Markets Price Performance

HOOD stock opened at $11.22 on Friday. The business has a fifty day moving average price of $11.57 and a 200 day moving average price of $10.54. Robinhood Markets, Inc. has a fifty-two week low of $7.91 and a fifty-two week high of $13.51. The stock has a market capitalization of $9.70 billion, a price-to-earnings ratio of -13.68 and a beta of 1.38.

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

Analyst Ratings Changes

A number of brokerages have recently commented on HOOD. Mizuho increased their price objective on Robinhood Markets from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Morgan Stanley decreased their target price on Robinhood Markets from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Friday, November 24th. KeyCorp increased their target price on Robinhood Markets from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. The Goldman Sachs Group raised their price objective on Robinhood Markets from $10.00 to $11.50 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Finally, Redburn Atlantic assumed coverage on Robinhood Markets in a research report on Friday, December 1st. They issued a “neutral” rating and a $9.50 price objective for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $12.50.

View Our Latest Research Report on Robinhood Markets

Institutional Investors Weigh In On Robinhood Markets

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Robinhood Markets by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 57,261,184 shares of the company’s stock valued at $561,732,000 after buying an additional 2,459,702 shares during the period. ARK Investment Management LLC increased its stake in shares of Robinhood Markets by 6.4% in the 4th quarter. ARK Investment Management LLC now owns 34,936,204 shares of the company’s stock valued at $445,087,000 after buying an additional 2,101,325 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Robinhood Markets by 9.4% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,205,693 shares of the company’s stock valued at $372,081,000 after buying an additional 2,517,012 shares during the period. Nikko Asset Management Americas Inc. increased its stake in shares of 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 buying an additional 2,486,986 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Robinhood Markets by 4.1% in the 2nd quarter. BlackRock Inc. now owns 23,981,614 shares of the company’s stock valued at $239,337,000 after buying an additional 943,515 shares during the period. 58.98% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Company Profile

(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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