Robinhood Markets (NASDAQ:HOOD) CEO Vladimir Tenev Sells 240,834 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 240,834 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $125.33, for a total value of $30,183,725.22. Following the sale, the chief executive officer directly owned 240,834 shares of the company’s stock, valued at $30,183,725.22. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vladimir Tenev also recently made the following trade(s):

• On Monday, September 21st, Vladimir Tenev sold 259,166 shares of Robinhood Markets stock. The stock was sold at an average price of $125.58, for a total value of $32,546,066.28.
• On Monday, July 6th, Vladimir Tenev sold 375,000 shares of Robinhood Markets stock. The shares were sold at an average price of $116.17, for a total value of $43,563,750.00.

Robinhood Markets Trading Down 1.5%

Shares of Robinhood Markets stock opened at $120.82 on Friday. Robinhood Markets, Inc. has a 1 year low of $63.51 and a 1 year high of $153.86. The firm has a market cap of $108.63 billion, a PE ratio of 53.22, a P/E/G ratio of 2.48 and a beta of 2.34. The stock has a fifty day moving average price of $104.30 and a 200-day moving average price of $92.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.18. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 EPS. Equities research analysts anticipate that Robinhood Markets, Inc. will post 2.15 EPS for the current year.

Hedge Funds Weigh In On Robinhood Markets

A number of large investors have recently modified their holdings of HOOD. MV Capital Management Inc. bought a new position in Robinhood Markets in the 4th quarter valued at $27,000. C M Bidwell & Associates Ltd. bought a new position in Robinhood Markets in the 2nd quarter worth about $27,000. Glen Eagle Advisors LLC grew its holdings in shares of Robinhood Markets by 812.9% during the fourth quarter. Glen Eagle Advisors LLC now owns 283 shares of the company’s stock worth $32,000 after purchasing an additional 252 shares in the last quarter. SHP Wealth Management bought a new position in shares of Robinhood Markets in the fourth quarter worth approximately $32,000. Finally, Copos Capital S.a r.l. purchased a new stake in Robinhood Markets in the fourth quarter valued at approximately $33,000. 93.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HOOD shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Robinhood Markets from $136.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, September 14th. Morgan Stanley raised Robinhood Markets from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $124.00 to $150.00 in a research report on Tuesday, September 1st. Argus upped their price target on Robinhood Markets from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. BTIG Research reiterated a “buy” rating and set a $125.00 price target on shares of Robinhood Markets in a research note on Thursday, July 30th. Finally, Needham & Company LLC decreased their price objective on Robinhood Markets from $123.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Robinhood Markets has an average rating of “Moderate Buy” and a consensus target price of $130.70.

Key Robinhood Markets News

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

• Positive Sentiment: Prediction-market growth: Robinhood is moving beyond sports-related contracts, with crypto-linked prediction markets gaining traction. The broader popularity of prediction markets could increase trading activity and create a new source of transaction revenue. Robinhood’s Prediction Markets Move Beyond Sports
• Positive Sentiment: Robinhood Chain development: Robinhood Chain integrated with Zerion as reported decentralized-exchange volume reached $1.88 billion. The partnership may improve decentralized-finance access and support adoption of Robinhood’s blockchain ecosystem. Robinhood Chain integrates with Zerion
• Positive Sentiment: Supportive fundamentals and analyst view: Robinhood’s latest reported quarter featured revenue growth of 32.5% year over year and earnings above consensus. The stock retains a “Moderate Buy” consensus, with an average analyst target of $130.70.
• Neutral Sentiment: Competitive AI developments: Brokerage firm Public reportedly introduced AI agents for prediction-market trading. The development validates demand for automated prediction-market tools but could intensify competition for Robinhood. Brokerage Firm Public Debuts AI Agents
• Negative Sentiment: CEO stock sales: CEO Vladimir Tenev reported sales of approximately $32.5 million and $30.2 million in HOOD shares on September 21 and 22, respectively. Both transactions were executed under pre-arranged Rule 10b5-1 plans, reducing their signaling value, but the roughly $62.7 million of selling still weighed on sentiment. Robinhood CEO stock sale
• Negative Sentiment: Sector-wide selling and valuation concerns: Weakness in Webull and other brokerage shares has spilled over to Robinhood, while HOOD remains valued well above its longer-term moving averages and at a relatively elevated earnings multiple. Prediction-market expansion also carries regulatory risk.

About Robinhood Markets

Robinhood Markets, Inc is a financial services company that operates a digital investing and trading platform. Through its mobile app and website, the company provides access to U.S. stocks, exchange-traded funds, options, cryptocurrencies and other investment products. Robinhood also offers individual retirement accounts, margin investing and cash-management services, subject to applicable eligibility requirements and regulations.

The company generates revenue from sources that include interest earned on customer cash and margin balances, transaction-based revenue related to options and cryptocurrency trading, subscription fees for Robinhood Gold and other service-related activities.