Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) Director Sells 16,667 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 16,667 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $17.16, for a total transaction of $286,005.72. Following the transaction, the director now owns 36,045 shares of the company’s stock, valued at approximately $618,532.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, March 19th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The stock was sold at an average price of $17.17, for a total transaction of $286,172.39.
• On Tuesday, March 12th, Baiju Bhatt sold 157,177 shares of Robinhood Markets stock. The shares were sold at an average price of $16.41, for a total value of $2,579,274.57.
• On Thursday, February 29th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The stock was sold at an average price of $16.17, for a total value of $269,505.39.
• On Monday, February 26th, Baiju Bhatt sold 482,667 shares of Robinhood Markets stock. The shares were sold at an average price of $15.10, for a total value of $7,288,271.70.
• On Wednesday, February 21st, Baiju Bhatt sold 188,077 shares of Robinhood Markets stock. The stock was sold at an average price of $13.57, for a total transaction of $2,552,204.89.

Robinhood Markets Trading Up 2.5 %

NASDAQ:HOOD opened at $17.62 on Wednesday. The firm has a market cap of $15.41 billion, a price-to-earnings ratio of -29.37 and a beta of 1.68. Robinhood Markets, Inc. has a 12-month low of $7.91 and a 12-month high of $20.55. The company’s 50-day moving average is $17.15 and its two-hundred day moving average is $12.81.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The firm had revenue of $471.00 million for the quarter, compared to analyst estimates of $454.73 million. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. Robinhood Markets’s revenue was up 23.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.19) earnings per share. On average, equities research analysts forecast that Robinhood Markets, Inc. will post 0.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on HOOD. TheStreet raised shares of Robinhood Markets from a “d+” rating to a “c-” rating in a report on Wednesday, February 28th. Morgan Stanley upped their price target on Robinhood Markets from $11.00 to $18.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. The Goldman Sachs Group raised their price objective on Robinhood Markets from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Mizuho boosted their target price on Robinhood Markets from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Finally, Piper Sandler raised their price target on Robinhood Markets from $12.50 to $17.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.88.

Institutional Investors Weigh In On Robinhood Markets

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in Robinhood Markets by 15.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,419,817 shares of the company’s stock worth $23,738,000 after buying an additional 325,506 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Robinhood Markets by 12.2% in the third quarter. California Public Employees Retirement System now owns 1,009,592 shares of the company’s stock worth $9,904,000 after acquiring an additional 109,652 shares during the last quarter. Seven Eight Capital LP purchased a new stake in Robinhood Markets in the third quarter valued at approximately $131,000. Quantbot Technologies LP increased its position in Robinhood Markets by 583.1% during the third quarter. Quantbot Technologies LP now owns 132,612 shares of the company’s stock worth $1,301,000 after purchasing an additional 113,199 shares during the last quarter. Finally, Gulf International Bank UK Ltd purchased a new position in Robinhood Markets during the fourth quarter worth approximately $764,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Company Profile

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.