Baiju Bhatt Sells 154,160 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 154,160 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $17.61, for a total value of $2,714,757.60. Following the sale, the director now directly owns 36,045 shares in the company, valued at approximately $634,752.45. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Baiju Bhatt also recently made the following trade(s):

• On Thursday, April 18th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The stock was sold at an average price of $17.16, for a total value of $286,005.72.
• On Tuesday, March 19th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The stock was sold at an average price of $17.17, for a total value of $286,172.39.
• On Tuesday, March 12th, Baiju Bhatt sold 157,177 shares of Robinhood Markets stock. The stock was sold at an average price of $16.41, for a total value of $2,579,274.57.
• On Thursday, February 29th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The stock was sold at an average price of $16.17, for a total value of $269,505.39.
• On Monday, February 26th, Baiju Bhatt sold 482,667 shares of Robinhood Markets stock. The stock was sold at an average price of $15.10, for a total value of $7,288,271.70.
• On Wednesday, February 21st, Baiju Bhatt sold 188,077 shares of Robinhood Markets stock. The stock was sold at an average price of $13.57, for a total value of $2,552,204.89.

Robinhood Markets Price Performance

Shares of Robinhood Markets stock opened at $17.88 on Friday. The business’s 50 day simple moving average is $17.38 and its two-hundred day simple moving average is $12.92. The stock has a market capitalization of $15.64 billion, a P/E ratio of -29.80 and a beta of 1.69. Robinhood Markets, Inc. has a one year low of $7.91 and a one year high of $20.55.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The firm had revenue of $471.00 million for the quarter, compared to analyst estimates of $454.73 million. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. The business’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same period last year, the company earned ($0.19) EPS. Sell-side analysts expect that Robinhood Markets, Inc. will post 0.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Robinhood Markets

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its position in shares of Robinhood Markets by 15.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,419,817 shares of the company’s stock worth $23,738,000 after buying an additional 325,506 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Robinhood Markets by 12.2% during the third quarter. California Public Employees Retirement System now owns 1,009,592 shares of the company’s stock valued at $9,904,000 after purchasing an additional 109,652 shares in the last quarter. Seven Eight Capital LP bought a new stake in shares of Robinhood Markets during the third quarter valued at approximately $131,000. Quantbot Technologies LP boosted its position in shares of Robinhood Markets by 583.1% during the third quarter. Quantbot Technologies LP now owns 132,612 shares of the company’s stock valued at $1,301,000 after purchasing an additional 113,199 shares in the last quarter. Finally, Gulf International Bank UK Ltd bought a new stake in shares of Robinhood Markets during the fourth quarter valued at approximately $764,000. 93.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HOOD has been the topic of a number of research analyst reports. JMP Securities upped their target price on Robinhood Markets from $25.00 to $28.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. The Goldman Sachs Group upped their target price on Robinhood Markets from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Keefe, Bruyette & Woods began coverage on Robinhood Markets in a research note on Wednesday, April 3rd. They issued a “market perform” rating and a $20.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on Robinhood Markets from $12.00 to $16.00 and gave the company a “hold” rating in a research report on Tuesday, March 19th. Finally, Citigroup lowered Robinhood Markets from a “neutral” rating to a “sell” rating and increased their price objective for the company from $13.00 to $16.00 in a research report on Thursday, April 11th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Robinhood Markets presently has a consensus rating of “Hold” and a consensus target price of $18.88.

Robinhood Markets Company Profile

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.