Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Sells 5,853 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CTO Jeffrey Tsvi Pinner sold 5,853 shares of the company's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $34.51, for a total transaction of $201,987.03. Following the completion of the sale, the chief technology officer now owns 5,853 shares in the company, valued at approximately $201,987.03. This trade represents a 50.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, March 20th, Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock. The shares were sold at an average price of $43.36, for a total value of $253,786.08.
• 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 transaction 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 transaction of $280,990.32.

Robinhood Markets Stock Down 0.8 %

Shares of HOOD traded down $0.36 during midday trading on Monday, reaching $43.32. 27,978,767 shares of the stock were exchanged, compared to its average volume of 23,850,518. The company has a market cap of $38.36 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 1.05 and a beta of 2.17. The firm has a 50 day simple moving average of $46.45 and a 200-day simple moving average of $39.62. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $66.91.

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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 for the quarter, beating 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 expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Robinhood Markets

A number of large investors have recently bought and sold shares of the business. Toronto Dominion Bank raised its position in shares of Robinhood Markets by 31.1% in the third quarter. Toronto Dominion Bank now owns 68,408 shares of the company's stock valued at $1,602,000 after purchasing an additional 16,219 shares during the period. IFP Advisors Inc grew its position in shares of Robinhood Markets by 601.1% in the fourth quarter. IFP Advisors Inc now owns 4,396 shares of the company's stock valued at $164,000 after purchasing an additional 3,769 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of Robinhood Markets in the fourth quarter worth about $634,000. Charles Schwab Investment Management Inc. lifted its position in shares of Robinhood Markets by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company's stock worth $175,857,000 after purchasing an additional 138,267 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in Robinhood Markets by 20.7% during the 4th quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company's stock valued at $20,154,000 after purchasing an additional 92,613 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HOOD has been the topic of a number of research reports. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $60.00 price target on shares of Robinhood Markets in a research report on Thursday, March 27th. JMP Securities lowered their price target on Robinhood Markets from $77.00 to $70.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley lowered Robinhood Markets from an "overweight" rating to an "equal weight" rating and set a $40.00 price objective for the company. in a report on Tuesday, April 8th. Raymond James began coverage on shares of Robinhood Markets in a report on Wednesday, February 5th. They issued a "market perform" rating on the stock. Finally, KeyCorp upped their target price on Robinhood Markets from $57.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $55.06.

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.