Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner Sells 5,853 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CTO Jeffrey Tsvi Pinner sold 5,853 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $46.81, for a total transaction of $273,978.93. Following the sale, the chief technology officer now directly owns 17,559 shares in the company, valued at $821,936.79. This trade represents a 25.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Jeffrey Tsvi Pinner also recently made the following trade(s):

• On Monday, January 27th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The shares were sold at an average price of $47.82, for a total transaction of $280,990.32.
• On Monday, January 6th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The shares were sold at an average price of $42.64, for a total transaction of $250,552.64.
• On Friday, December 20th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The shares were sold at an average price of $37.92, for a total transaction of $222,817.92.

Robinhood Markets Stock Performance

Shares of HOOD traded down $0.42 during mid-day trading on Friday, hitting $44.42. 53,241,546 shares of the company were exchanged, compared to its average volume of 30,663,816. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $66.91. The company has a 50 day moving average of $48.93 and a 200-day moving average of $35.64. The stock has a market cap of $39.33 billion, a price-to-earnings ratio of 28.29, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14.

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Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. Research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Institutional Trading of Robinhood Markets

Large investors have recently bought and sold shares of the business. MetLife Investment Management LLC grew its stake in Robinhood Markets by 1.5% during the 4th quarter. MetLife Investment Management LLC now owns 11,806 shares of the company's stock valued at $440,000 after acquiring an additional 171 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in Robinhood Markets by 2.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 9,867 shares of the company's stock valued at $368,000 after acquiring an additional 233 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Robinhood Markets by 7.8% during the 4th quarter. First Horizon Advisors Inc. now owns 3,822 shares of the company's stock valued at $142,000 after acquiring an additional 277 shares in the last quarter. Commerce Bank grew its stake in Robinhood Markets by 3.3% during the 3rd quarter. Commerce Bank now owns 13,245 shares of the company's stock valued at $310,000 after acquiring an additional 423 shares in the last quarter. Finally, Spire Wealth Management grew its stake in Robinhood Markets by 104.6% during the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company's stock valued at $40,000 after acquiring an additional 549 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on HOOD shares. Wolfe Research lowered shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Cantor Fitzgerald started coverage on shares of Robinhood Markets in a report on Thursday. They issued an "overweight" rating and a $69.00 price target on the stock. Barclays upped their price target on shares of Robinhood Markets from $54.00 to $76.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Raymond James started coverage on shares of Robinhood Markets in a research report on Wednesday, February 5th. They issued a "market perform" rating for the company. Finally, Needham & Company LLC upped their price objective on shares of Robinhood Markets from $52.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $60.13.

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.