Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $43.36, for a total value of $253,786.08. Following the sale, the chief technology officer now directly owns 11,706 shares of the company's stock, valued at $507,572.16. The trade was a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Jeffrey Tsvi Pinner also recently made the following trade(s):
- On Wednesday, March 5th, Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock. The shares were sold at an average price of $46.81, for a total value of $273,978.93.
- On Monday, January 27th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The stock was sold at an average price of $47.82, for a total value of $280,990.32.
- On Monday, January 6th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The stock was sold at an average price of $42.64, for a total value of $250,552.64.
Robinhood Markets Price Performance
Shares of NASDAQ:HOOD traded down $0.74 during trading on Thursday, hitting $43.99. 51,775,060 shares of the company were exchanged, compared to its average volume of 21,568,438. The firm's 50 day moving average price is $49.33 and its 200-day moving average price is $37.87. The stock has a market capitalization of $38.95 billion, a P/E ratio of 28.02, a PEG ratio of 1.05 and a beta of 2.14. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $66.91.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. As a group, equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.
Institutional Trading of Robinhood Markets
Institutional investors and hedge funds have recently bought and sold shares of the business. New Wave Wealth Advisors LLC acquired a new stake in shares of Robinhood Markets during the fourth quarter worth about $26,000. True Wealth Design LLC acquired a new stake in Robinhood Markets during the 3rd quarter worth approximately $30,000. CoreCap Advisors LLC lifted its position in Robinhood Markets by 191.6% during the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after acquiring an additional 550 shares during the period. Creative Financial Designs Inc. ADV grew its stake in shares of Robinhood Markets by 750.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after purchasing an additional 750 shares during the last quarter. Finally, Colonial Trust Co SC acquired a new position in shares of Robinhood Markets in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 93.27% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently issued reports on HOOD. KeyCorp increased their price target on shares of Robinhood Markets from $57.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. increased their target price on shares of Robinhood Markets from $39.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Compass Point began coverage on shares of Robinhood Markets in a research note on Wednesday, March 19th. They issued a "buy" rating and a $61.00 price target for the company. Morgan Stanley increased their price objective on Robinhood Markets from $64.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Finally, Piper Sandler lifted their target price on Robinhood Markets from $54.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $61.29.
Read Our Latest Research Report on Robinhood Markets
About Robinhood Markets
(
Get Free Report)
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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