Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) Director Sells $3,224,167.64 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Meyer Malka sold 64,951 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $49.64, for a total value of $3,224,167.64. Following the completion of the transaction, the director now directly owns 3,235,585 shares in the company, valued at approximately $160,614,439.40. This trade represents a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Meyer Malka also recently made the following trade(s):

• On Wednesday, December 4th, Meyer Malka sold 1,535,681 shares of Robinhood Markets stock. The shares were sold at an average price of $40.11, for a total transaction of $61,596,164.91.

Robinhood Markets Price Performance

HOOD opened at $48.12 on Thursday. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91. The company has a market capitalization of $42.61 billion, a price-to-earnings ratio of 30.65, a P/E/G ratio of 1.05 and a beta of 2.13. The firm’s fifty day moving average price is $48.84 and its two-hundred day moving average price is $35.57.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. As a group, equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Institutional Trading of Robinhood Markets

A number of institutional investors and hedge funds have recently modified their holdings of the business. New Wave Wealth Advisors LLC purchased a new position in Robinhood Markets in the fourth quarter valued at about $26,000. CoreCap Advisors LLC increased its position in Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock worth $31,000 after buying an additional 550 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock valued at $32,000 after buying an additional 750 shares during the period. Colonial Trust Co SC purchased a new position in shares of Robinhood Markets during the 4th quarter valued at $34,000. Finally, Silicon Valley Capital Partners bought a new position in shares of Robinhood Markets during the 4th quarter worth $37,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on HOOD. Mizuho increased their target price on shares of Robinhood Markets from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Raymond James initiated coverage on shares of Robinhood Markets in a research report on Wednesday, February 5th. They set a “market perform” rating on the stock. KeyCorp boosted their target price on Robinhood Markets from $57.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. JMP Securities increased their price target on Robinhood Markets from $60.00 to $77.00 and gave the stock a “market outperform” rating in a report on Thursday, February 13th. Finally, Needham & Company LLC raised their price objective on Robinhood Markets from $52.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $59.53.

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.