Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt Sells 107,608 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 107,608 shares of Robinhood Markets stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $60.41, for a total transaction of $6,500,599.28. Following the completion of the transaction, the director now owns 7,863 shares in the company, valued at approximately $475,003.83. The trade was a 93.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, May 9th, Baiju Bhatt sold 94,156 shares of Robinhood Markets stock. The stock was sold at an average price of $55.34, for a total transaction of $5,210,593.04.
• On Monday, April 28th, Baiju Bhatt sold 94,156 shares of Robinhood Markets stock. The stock was sold at an average price of $50.67, for a total transaction of $4,770,884.52.
• On Wednesday, April 23rd, Baiju Bhatt sold 47,133 shares of Robinhood Markets stock. The shares were sold at an average price of $45.27, for a total transaction of $2,133,710.91.
• On Wednesday, April 16th, Baiju Bhatt sold 223,072 shares of Robinhood Markets stock. The shares were sold at an average price of $41.24, for a total transaction of $9,199,489.28.
• On Monday, March 24th, Baiju Bhatt sold 47,023 shares of Robinhood Markets stock. The shares were sold at an average price of $46.37, for a total transaction of $2,180,456.51.
• On Friday, March 21st, Baiju Bhatt sold 223,528 shares of Robinhood Markets stock. The shares were sold at an average price of $43.21, for a total transaction of $9,658,644.88.

Robinhood Markets Price Performance

NASDAQ:HOOD opened at $61.76 on Friday. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $66.91. The company’s 50-day simple moving average is $45.27 and its 200 day simple moving average is $43.54. The firm has a market capitalization of $54.69 billion, a P/E ratio of 39.34, a PEG ratio of 1.05 and a beta of 2.15.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The business had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. During the same period in the previous year, the firm earned $0.18 EPS. The company’s revenue was up 50.0% on a year-over-year basis. On average, equities research analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HOOD has been the topic of a number of analyst reports. JMP Securities restated a “market outperform” rating and issued a $70.00 price objective on shares of Robinhood Markets in a research report on Thursday, May 1st. JPMorgan Chase & Co. boosted their price objective on shares of Robinhood Markets from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $60.00 price target on shares of Robinhood Markets in a research report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Robinhood Markets from $54.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Wolfe Research cut shares of Robinhood Markets from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.41.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Whipplewood Advisors LLC lifted its stake in shares of Robinhood Markets by 564.4% in the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company’s stock worth $25,000 after buying an additional 508 shares in the last quarter. Hemington Wealth Management lifted its stake in shares of Robinhood Markets by 52.2% in the first quarter. Hemington Wealth Management now owns 636 shares of the company’s stock worth $26,000 after buying an additional 218 shares in the last quarter. New Wave Wealth Advisors LLC bought a new position in shares of Robinhood Markets in the fourth quarter worth approximately $26,000. Wayfinding Financial LLC bought a new position in shares of Robinhood Markets in the first quarter worth approximately $30,000. Finally, Pandora Wealth Inc. bought a new position in shares of Robinhood Markets in the first quarter worth approximately $33,000. Institutional investors own 93.27% of the company’s stock.

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.