Insider Selling: Robinhood Markets (NASDAQ:HOOD) CTO Sells 5,864 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOODGet Free Report) CTO Jeffrey Tsvi Pinner sold 5,864 shares of the stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $122.39, for a total transaction of $717,694.96. Following the sale, the chief technology officer owned 20,861 shares in the company, valued at $2,553,177.79. This represents a 21.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Friday, December 5th, Jeffrey Tsvi Pinner sold 5,865 shares of Robinhood Markets stock. The stock was sold at an average price of $132.26, for a total value of $775,704.90.
  • On Monday, October 27th, Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock. The stock was 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 shares were sold at an average price of $147.53, for a total value of $865,115.92.

Robinhood Markets Stock Down 1.7%

Shares of HOOD stock traded down $2.13 on Tuesday, reaching $120.24. The company had a trading volume of 16,832,336 shares, compared to its average volume of 38,818,652. The stock has a market capitalization of $108.12 billion, a PE ratio of 49.89, a price-to-earnings-growth ratio of 2.24 and a beta of 2.43. Robinhood Markets, Inc. has a one year low of $29.66 and a one year high of $153.86. The business’s 50-day moving average is $128.82 and its 200 day moving average is $114.47.

Robinhood Markets (NASDAQ:HOODGet Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.41 by $0.20. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.15 billion. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The firm’s revenue was up 100.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.17 EPS. On average, sell-side analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Institutional Trading of Robinhood Markets

A number of large investors have recently bought and sold shares of the business. American Century Companies Inc. boosted its holdings in shares of Robinhood Markets by 18.8% during the 1st quarter. American Century Companies Inc. now owns 108,053 shares of the company’s stock worth $4,497,000 after buying an additional 17,131 shares in the last quarter. Wellington Management Group LLP boosted its stake in Robinhood Markets by 3.1% during the first quarter. Wellington Management Group LLP now owns 16,261 shares of the company’s stock worth $677,000 after acquiring an additional 486 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in Robinhood Markets by 213.6% during the first quarter. Kestra Advisory Services LLC now owns 58,421 shares of the company’s stock worth $2,431,000 after acquiring an additional 39,792 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Robinhood Markets by 14.5% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 117,075 shares of the company’s stock worth $4,873,000 after purchasing an additional 14,832 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in Robinhood Markets by 144.6% in the first quarter. Smartleaf Asset Management LLC now owns 6,597 shares of the company’s stock valued at $277,000 after purchasing an additional 3,900 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Key Stores Impacting Robinhood Markets

Here are the key news stories impacting Robinhood Markets this week:

Analyst Ratings Changes

Several research firms have commented on HOOD. Citigroup increased their target price on Robinhood Markets from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Cantor Fitzgerald dropped their price objective on shares of Robinhood Markets from $155.00 to $152.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. CICC Research began coverage on shares of Robinhood Markets in a report on Monday, October 27th. They set an “outperform” rating and a $155.00 target price on the stock. Keefe, Bruyette & Woods upped their price target on shares of Robinhood Markets from $121.00 to $135.00 and gave the company a “market perform” rating in a research report on Thursday, November 6th. Finally, Morgan Stanley lifted their price target on shares of Robinhood Markets from $146.00 to $147.00 and gave the stock an “equal weight” rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Robinhood Markets currently has a consensus rating of “Moderate Buy” and an average price target of $137.30.

Read Our Latest Stock Report on Robinhood Markets

Robinhood Markets Company Profile

(Get Free Report)

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.

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Insider Buying and Selling by Quarter for Robinhood Markets (NASDAQ:HOOD)

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