Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Sells 5,876 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner sold 5,876 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $37.92, for a total transaction of $222,817.92. Following the completion of the sale, the chief technology officer now directly owns 11,752 shares in the company, valued at approximately $445,635.84. This represents a 33.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $39.58 on Thursday. Robinhood Markets, Inc. has a one year low of $10.38 and a one year high of $43.83. The business has a fifty day moving average price of $33.83 and a 200-day moving average price of $26.00. The firm has a market capitalization of $34.99 billion, a P/E ratio of 67.09, a PEG ratio of 0.76 and a beta of 2.09.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The firm had revenue of $637.00 million during the quarter, compared to the consensus estimate of $660.53 million. During the same period in the previous year, the business earned ($0.09) earnings per share. The firm’s revenue for the quarter was up 36.4% on a year-over-year basis. Sell-side analysts expect that Robinhood Markets, Inc. will post 0.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HOOD. HM Payson & Co. grew its position in Robinhood Markets by 53.5% in the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after acquiring an additional 410 shares in the last quarter. Commerce Bank grew its position in Robinhood Markets by 3.3% during the 3rd quarter. Commerce Bank now owns 13,245 shares of the company’s stock worth $310,000 after acquiring an additional 423 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Robinhood Markets by 16.5% in the third quarter. Signaturefd LLC now owns 3,437 shares of the company’s stock worth $80,000 after purchasing an additional 487 shares during the last quarter. Castleview Partners LLC increased its position in shares of Robinhood Markets by 18.2% in the third quarter. Castleview Partners LLC now owns 3,788 shares of the company’s stock valued at $89,000 after acquiring an additional 582 shares during the period. Finally, Axxcess Wealth Management LLC increased its holdings in Robinhood Markets by 3.1% during the 3rd quarter. Axxcess Wealth Management LLC now owns 19,773 shares of the company’s stock valued at $463,000 after purchasing an additional 598 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on Robinhood Markets from $36.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, December 5th. KeyCorp boosted their target price on Robinhood Markets from $30.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. JMP Securities boosted their price target on shares of Robinhood Markets from $33.00 to $40.00 and gave the company a “market outperform” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. increased their price objective on Robinhood Markets from $17.00 to $21.00 and gave the stock an “underweight” rating in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group upgraded shares of Robinhood Markets from a “neutral” rating to a “buy” rating and increased their target price for the company from $40.00 to $46.00 in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.20.

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.