Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) Director Sells 90,866 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 90,866 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $50.67, for a total value of $4,604,180.22. Following the transaction, the director now directly owns 5,042 shares in the company, valued at approximately $255,478.14. This trade represents a 94.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Baiju Bhatt also recently made the following trade(s):

• On Wednesday, January 15th, Baiju Bhatt sold 90,866 shares of Robinhood Markets stock. The stock was sold at an average price of $45.27, for a total value of $4,113,503.82.
• On Friday, January 3rd, Baiju Bhatt sold 228,645 shares of Robinhood Markets stock. The shares were sold at an average price of $40.37, for a total transaction of $9,230,398.65.
• On Wednesday, December 11th, Baiju Bhatt sold 186,514 shares of Robinhood Markets stock. The shares were sold at an average price of $38.13, for a total transaction of $7,111,778.82.
• On Tuesday, November 5th, Baiju Bhatt sold 108,964 shares of Robinhood Markets stock. The shares were sold at an average price of $24.92, for a total transaction of $2,715,382.88.

Robinhood Markets Stock Up 1.5 %

Shares of HOOD stock opened at $51.12 on Friday. The business has a 50-day moving average price of $40.38 and a two-hundred day moving average price of $29.17. Robinhood Markets, Inc. has a 12-month low of $10.51 and a 12-month high of $52.06. The firm has a market cap of $45.19 billion, a P/E ratio of 86.65, a price-to-earnings-growth ratio of 0.67 and a beta of 2.07.

Robinhood Markets (NASDAQ:HOOD) last issued its 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). The firm had revenue of $637.00 million during the quarter, compared to analysts’ expectations of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The firm’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.09) EPS. As a group, research analysts expect that Robinhood Markets, Inc. will post 0.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on HOOD shares. Needham & Company LLC reissued a “buy” rating and issued a $52.00 price objective (up from $40.00) on shares of Robinhood Markets in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Morgan Stanley increased their target price on shares of Robinhood Markets from $55.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, January 17th. The Goldman Sachs Group upgraded shares of Robinhood Markets from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $40.00 to $46.00 in a report on Friday, December 6th. Finally, Barclays increased their price objective on shares of Robinhood Markets from $49.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.07.

Hedge Funds Weigh In On Robinhood Markets

Large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. purchased a new position in Robinhood Markets in the 2nd quarter worth approximately $486,000. Vanguard Personalized Indexing Management LLC raised its holdings in Robinhood Markets by 21.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 27,071 shares of the company’s stock valued at $615,000 after buying an additional 4,843 shares during the last quarter. XTX Topco Ltd purchased a new stake in Robinhood Markets during the 2nd quarter valued at $207,000. Sei Investments Co. increased its position in shares of Robinhood Markets by 64.1% in the second quarter. Sei Investments Co. now owns 61,754 shares of the company’s stock valued at $1,402,000 after acquiring an additional 24,129 shares during the period. Finally, Ensign Peak Advisors Inc boosted its holdings in shares of Robinhood Markets by 11.2% during the second quarter. Ensign Peak Advisors Inc now owns 176,606 shares of the company’s stock worth $4,011,000 after purchasing an additional 17,758 shares during the period. Hedge funds and other 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.