Robinhood Markets (NASDAQ:HOOD) CTO Sells $865,115.92 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner sold 5,864 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $147.53, for a total transaction of $865,115.92. Following the completion of the sale, the chief technology officer directly owned 11,952 shares of the company’s stock, valued at $1,763,278.56. This trade represents a 32.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Jeffrey Tsvi Pinner also recently made the following trade(s):

• On Monday, September 22nd, Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock. The stock was sold at an average price of $124.13, for a total transaction of $727,898.32.
• On Friday, September 5th, Jeffrey Tsvi Pinner sold 5,865 shares of Robinhood Markets stock. The stock was sold at an average price of $99.83, for a total transaction of $585,502.95.
• On Friday, July 25th, Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock. The stock was sold at an average price of $104.73, for a total transaction of $614,136.72.

Robinhood Markets Trading Down 8.9%

HOOD stock opened at $138.96 on Friday. Robinhood Markets, Inc. has a twelve month low of $23.00 and a twelve month high of $153.86. The company has a market capitalization of $123.49 billion, a P/E ratio of 70.54, a PEG ratio of 4.24 and a beta of 2.42. The firm has a 50 day simple moving average of $118.70 and a 200-day simple moving average of $85.80.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.12. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. The business had revenue of $989.00 million during the quarter, compared to the consensus estimate of $893.93 million. During the same quarter last year, the company earned $0.21 earnings per share. The business’s quarterly revenue was up 45.0% compared to the same quarter last year. On average, research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Wall Street Analysts Forecast Growth

HOOD has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of Robinhood Markets from $102.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Cantor Fitzgerald lifted their price objective on shares of Robinhood Markets from $100.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Mizuho lifted their price objective on shares of Robinhood Markets from $120.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, September 10th. Bank of America lifted their price objective on shares of Robinhood Markets from $139.00 to $157.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Finally, Compass Point lifted their price objective on shares of Robinhood Markets from $64.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, June 27th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Robinhood Markets presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.94.

Institutional Investors Weigh In On Robinhood Markets

Hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. lifted its stake in Robinhood Markets by 120.3% in the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after buying an additional 148 shares during the last quarter. Smithfield Trust Co bought a new stake in Robinhood Markets in the second quarter valued at $29,000. Twin Peaks Wealth Advisors LLC bought a new stake in Robinhood Markets in the second quarter valued at $34,000. V Square Quantitative Management LLC bought a new stake in Robinhood Markets in the second quarter valued at $36,000. Finally, LGT Financial Advisors LLC bought a new stake in Robinhood Markets in the second quarter valued at $37,000. 93.27% of the stock is currently owned by institutional investors.

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.