Robinhood Markets (NASDAQ:HOOD) CTO Sells $775,704.90 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner sold 5,865 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $132.26, for a total value of $775,704.90. Following the transaction, the chief technology officer directly owned 26,725 shares in the company, valued at approximately $3,534,648.50. The trade was a 18.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, October 27th, Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock. The shares were sold at an average price of $146.91, for a total value of $861,480.24.
• On Monday, October 6th, Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock. The stock was sold at an average price of $147.53, for a total value of $865,115.92.
• On Monday, September 22nd, Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock. The shares were sold at an average price of $124.13, for a total value of $727,898.32.

Robinhood Markets Trading Down 0.5%

Shares of NASDAQ HOOD traded down $0.72 during mid-day trading on Tuesday, reaching $135.71. The company had a trading volume of 18,871,610 shares, compared to its average volume of 39,338,969. The firm has a 50 day simple moving average of $133.29 and a two-hundred day simple moving average of $110.57. Robinhood Markets, Inc. has a 52-week low of $29.66 and a 52-week high of $153.86. The stock has a market cap of $122.03 billion, a P/E ratio of 56.31, a PEG ratio of 2.97 and a beta of 2.43.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.20. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the firm posted $0.17 earnings per share. The company’s revenue for the quarter was up 100.0% compared to the same quarter last year. On average, equities analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analyst Upgrades and Downgrades

HOOD has been the subject of several research reports. Dbs Bank upgraded Robinhood Markets to a “moderate buy” rating in a research report on Wednesday, November 12th. Cantor Fitzgerald increased their target price on Robinhood Markets from $130.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Citigroup upped their price objective on Robinhood Markets from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, September 23rd. Barclays boosted their price objective on shares of Robinhood Markets from $162.00 to $168.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Finally, Mizuho boosted their price target on Robinhood Markets from $145.00 to $172.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.95.

Hedge Funds Weigh In On Robinhood Markets

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its stake in Robinhood Markets by 6.4% in the first quarter. HighTower Advisors LLC now owns 50,264 shares of the company’s stock worth $2,092,000 after purchasing an additional 3,032 shares during the period. Wellington Management Group LLP increased its holdings in shares of Robinhood Markets by 3.1% in the 1st quarter. Wellington Management Group LLP now owns 16,261 shares of the company’s stock valued at $677,000 after acquiring an additional 486 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Robinhood Markets by 125.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 19,201 shares of the company’s stock worth $799,000 after purchasing an additional 10,703 shares in the last quarter. Metavasi Capital LP grew its holdings in Robinhood Markets by 275.0% in the first quarter. Metavasi Capital LP now owns 75,000 shares of the company’s stock worth $3,122,000 after purchasing an additional 55,000 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Robinhood Markets by 137.6% during the first quarter. Deutsche Bank AG now owns 1,761,767 shares of the company’s stock valued at $73,325,000 after acquiring an additional 1,020,286 shares in the last quarter. 93.27% of the stock is 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.