Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Sells $4,482,500.00 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 250,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $17.93, for a total value of $4,482,500.00. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Thursday, May 2nd, Vladimir Tenev sold 25,049 shares of Robinhood Markets stock. The stock was sold at an average price of $17.04, for a total transaction of $426,834.96.
• On Thursday, April 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The shares were sold at an average price of $18.67, for a total transaction of $4,667,500.00.
• On Monday, March 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $16.76, for a total transaction of $4,190,000.00.
• On Monday, February 26th, Vladimir Tenev sold 500,000 shares of Robinhood Markets stock. The shares were sold at an average price of $15.12, for a total value of $7,560,000.00.

Robinhood Markets Trading Down 6.2 %

HOOD stock opened at $16.23 on Friday. The firm has a 50-day moving average price of $17.83 and a 200-day moving average price of $13.48. Robinhood Markets, Inc. has a 12 month low of $7.91 and a 12 month high of $20.55. The stock has a market capitalization of $14.19 billion, a P/E ratio of -27.05 and a beta of 1.74.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.05 by $0.13. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. The business had revenue of $618.00 million during the quarter, compared to the consensus estimate of $552.74 million. During the same quarter in the prior year, the firm earned ($0.57) EPS. The firm’s revenue was up 40.1% compared to the same quarter last year. As a group, equities analysts predict that Robinhood Markets, Inc. will post 0.29 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 HOOD. Robeco Institutional Asset Management B.V. acquired a new stake in Robinhood Markets during the third quarter worth approximately $231,000. Raymond James & Associates grew its position in shares of Robinhood Markets by 7.0% during the 3rd quarter. Raymond James & Associates now owns 31,847 shares of the company’s stock worth $312,000 after buying an additional 2,070 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Robinhood Markets by 33.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 16,647 shares of the company’s stock valued at $163,000 after acquiring an additional 4,163 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Robinhood Markets by 15.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,419,817 shares of the company’s stock valued at $23,738,000 after acquiring an additional 325,506 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Robinhood Markets by 6,764.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 63,635 shares of the company’s stock worth $624,000 after purchasing an additional 62,708 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on Robinhood Markets from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Needham & Company LLC restated a “hold” rating on shares of Robinhood Markets in a research note on Monday, May 6th. JPMorgan Chase & Co. lifted their price objective on shares of Robinhood Markets from $10.00 to $12.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 14th. Mizuho increased their target price on shares of Robinhood Markets from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, KeyCorp lifted their price target on shares of Robinhood Markets from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Three research 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $19.42.

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.