Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev Sells 500,000 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 500,000 shares of Robinhood Markets stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $50.77, for a total transaction of $25,385,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, January 2nd, Vladimir Tenev sold 750,000 shares of Robinhood Markets stock. The shares were sold at an average price of $39.16, for a total value of $29,370,000.00.
• On Monday, November 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $24.21, for a total value of $6,052,500.00.

Robinhood Markets Trading Up 1.5 %

Shares of NASDAQ HOOD opened at $51.12 on Friday. The company has a market cap of $45.19 billion, a price-to-earnings ratio of 86.65, a price-to-earnings-growth ratio of 0.67 and a beta of 2.07. The stock’s 50 day simple moving average is $40.38 and its 200 day simple moving average is $29.13. Robinhood Markets, Inc. has a 12-month low of $10.51 and a 12-month high of $52.06.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share (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 for the quarter, compared to analyst estimates of $660.53 million. During the same period last year, the firm posted ($0.09) EPS. The business’s revenue was up 36.4% compared to the same quarter last year. As a group, equities analysts forecast that Robinhood Markets, Inc. will post 0.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Piper Sandler boosted their price target on Robinhood Markets from $36.00 to $42.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Keefe, Bruyette & Woods upped their target price on shares of Robinhood Markets from $24.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. raised shares of Robinhood Markets from an “underweight” rating to a “neutral” rating and raised their price target for the company from $20.00 to $43.00 in a report on Tuesday, January 7th. Sanford C. Bernstein upped their price objective on shares of Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new position in Robinhood Markets in the 4th quarter worth approximately $26,000. HM Payson & Co. boosted its position in Robinhood Markets by 53.5% during the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after acquiring an additional 410 shares during the period. Eastern Bank bought a new position in shares of Robinhood Markets in the third quarter worth $30,000. True Wealth Design LLC acquired a new position in shares of Robinhood Markets during the third quarter valued at $30,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Robinhood Markets during the third quarter valued at about $33,000. Institutional investors own 93.27% of the company’s stock.

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.