Jason Warnick Sells 5,000 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CFO Jason Warnick sold 5,000 shares of Robinhood Markets stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $16.72, for a total value of $83,600.00. Following the completion of the sale, the chief financial officer now directly owns 997,407 shares in the company, valued at $16,676,645.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jason Warnick also recently made the following trade(s):

• On Monday, April 1st, Jason Warnick sold 5,000 shares of Robinhood Markets stock. The shares were sold at an average price of $19.59, for a total value of $97,950.00.
• On Friday, March 1st, Jason Warnick sold 5,000 shares of Robinhood Markets stock. The shares were sold at an average price of $16.47, for a total value of $82,350.00.
• On Monday, February 12th, Jason Warnick sold 5,000 shares of Robinhood Markets stock. The stock was sold at an average price of $12.00, for a total transaction of $60,000.00.

Robinhood Markets Price Performance

HOOD opened at $17.95 on Friday. The firm has a market capitalization of $15.70 billion, a PE ratio of -29.92 and a beta of 1.74. The business’s 50-day moving average is $17.70 and its two-hundred day moving average is $13.19. Robinhood Markets, Inc. has a 1 year low of $7.91 and a 1 year high of $20.55.

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

Hedge Funds Weigh In On Robinhood Markets

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Robinhood Markets by 4.5% during the third quarter. Vanguard Group Inc. now owns 57,261,184 shares of the company’s stock valued at $561,732,000 after buying an additional 2,459,702 shares during the last quarter. ARK Investment Management LLC raised its position in shares of Robinhood Markets by 6.4% during the 4th quarter. ARK Investment Management LLC now owns 34,936,204 shares of the company’s stock valued at $445,087,000 after buying an additional 2,101,325 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in Robinhood Markets by 9.4% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,205,693 shares of the company’s stock worth $372,081,000 after acquiring an additional 2,517,012 shares during the period. Nikko Asset Management Americas Inc. increased its stake in Robinhood Markets by 9.6% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 28,297,822 shares of the company’s stock worth $360,514,000 after acquiring an additional 2,486,986 shares during the last quarter. Finally, Norges Bank purchased a new stake in Robinhood Markets in the fourth quarter valued at $84,165,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HOOD. Deutsche Bank Aktiengesellschaft boosted their price objective on Robinhood Markets from $12.00 to $16.00 and gave the stock a “hold” rating in a research note on Tuesday, March 19th. KeyCorp increased their price target on Robinhood Markets from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. TheStreet raised Robinhood Markets from a “d+” rating to a “c-” rating in a research report on Wednesday, February 28th. Sanford C. Bernstein started coverage on Robinhood Markets in a research note on Thursday, March 14th. They issued an “outperform” rating and a $30.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of Robinhood Markets from $10.00 to $12.00 and gave the company an “underweight” rating in a research note on Wednesday, February 14th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.88.

About Robinhood Markets

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.