Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) Director Sells 1,535,681 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) Director Meyer Malka sold 1,535,681 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $40.11, for a total value of $61,596,164.91. Following the completion of the sale, the director now directly owns 4,974,238 shares in the company, valued at approximately $199,516,686.18. This trade represents a 23.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, November 7th, Meyer Malka sold 105,875 shares of Robinhood Markets stock. The stock was sold at an average price of $30.00, for a total value of $3,176,250.00.
• On Tuesday, October 8th, Meyer Malka sold 3,225,806 shares of Robinhood Markets stock. The stock was sold at an average price of $25.07, for a total transaction of $80,870,956.42.

Robinhood Markets Stock Up 7.1 %

Shares of Robinhood Markets stock traded up $2.75 on Friday, hitting $41.67. 37,113,082 shares of the company traded hands, compared to its average volume of 16,654,822. Robinhood Markets, Inc. has a 12-month low of $10.38 and a 12-month high of $42.76. The company has a market cap of $36.84 billion, a PE ratio of 65.97, a PEG ratio of 0.90 and a beta of 2.09. The company has a 50-day moving average price of $29.73 and a 200 day moving average price of $24.19.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share 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 analyst estimates of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The business's revenue for the quarter was up 36.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.09) earnings per share. Equities research analysts anticipate that Robinhood Markets, Inc. will post 0.74 EPS for the current year.

Hedge Funds Weigh In On Robinhood Markets

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HOOD. HM Payson & Co. boosted its stake in shares of 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 in the last quarter. True Wealth Design LLC acquired a new stake in Robinhood Markets in the 3rd quarter worth approximately $30,000. Eastern Bank bought a new stake in Robinhood Markets during the third quarter worth approximately $30,000. ORG Wealth Partners LLC acquired a new position in Robinhood Markets during the third quarter valued at approximately $33,000. Finally, ORG Partners LLC bought a new position in shares of Robinhood Markets in the second quarter valued at approximately $33,000. Institutional investors own 93.27% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on HOOD shares. Citigroup lifted their target price on Robinhood Markets from $19.00 to $23.00 and gave the company a "neutral" rating in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft upped 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. Keefe, Bruyette & Woods lowered their target price on shares of Robinhood Markets from $23.00 to $22.00 and set a "market perform" rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group upgraded Robinhood Markets from a "neutral" rating to a "buy" rating and upped their target price for the stock from $40.00 to $46.00 in a research report on Friday. Finally, JMP Securities upped their price target on shares of Robinhood Markets from $33.00 to $40.00 and gave the company a "market outperform" rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Robinhood Markets presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.80.

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.

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