Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) Director Sells 223,528 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) Director Baiju Bhatt sold 223,528 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $43.21, for a total value of $9,658,644.88. Following the transaction, the director now directly owns 5,042 shares in the company, valued at $217,864.82. This represents a 97.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, March 24th, Baiju Bhatt sold 47,023 shares of Robinhood Markets stock. The stock was sold at an average price of $46.37, for a total transaction of $2,180,456.51.
• On Thursday, February 13th, Baiju Bhatt sold 522,180 shares of Robinhood Markets stock. The stock was sold at an average price of $62.70, for a total value of $32,740,686.00.
• On Friday, February 7th, Baiju Bhatt sold 90,866 shares of Robinhood Markets stock. The shares were sold at an average price of $55.34, for a total value of $5,028,524.44.
• On Wednesday, January 22nd, Baiju Bhatt sold 90,866 shares of Robinhood Markets stock. The stock was sold at an average price of $50.67, for a total value of $4,604,180.22.
• On Wednesday, January 15th, Baiju Bhatt sold 90,866 shares of Robinhood Markets stock. The stock was sold at an average price of $45.27, for a total transaction of $4,113,503.82.
• On Friday, January 3rd, Baiju Bhatt sold 228,645 shares of Robinhood Markets stock. The shares were sold at an average price of $40.37, for a total transaction of $9,230,398.65.

Robinhood Markets Stock Down 4.7 %

Shares of Robinhood Markets stock traded down $2.07 on Friday, hitting $41.92. The stock had a trading volume of 44,168,954 shares, compared to its average volume of 21,795,774. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $66.91. The stock's 50-day simple moving average is $49.29 and its two-hundred day simple moving average is $37.91. The stock has a market cap of $37.12 billion, a price-to-earnings ratio of 26.70, a PEG 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, 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%. As a group, equities analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Robinhood Markets from $75.00 to $61.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Barclays upped their target price on Robinhood Markets from $54.00 to $76.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Citigroup raised their price target on Robinhood Markets from $45.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Morgan Stanley upped their price objective on shares of Robinhood Markets from $64.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Finally, Piper Sandler lifted their target price on shares of Robinhood Markets from $54.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Robinhood Markets currently has a consensus rating of "Moderate Buy" and an average price target of $60.82.

Institutional Trading of Robinhood Markets

Large investors have recently bought and sold shares of the company. Natixis Advisors LLC lifted its position in Robinhood Markets by 44.0% during the third quarter. Natixis Advisors LLC now owns 33,980 shares of the company's stock valued at $796,000 after buying an additional 10,376 shares during the period. Quest Partners LLC lifted its position in Robinhood Markets by 1,008.4% during the 3rd quarter. Quest Partners LLC now owns 15,086 shares of the company's stock valued at $353,000 after acquiring an additional 13,725 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Robinhood Markets during the third quarter worth about $365,000. Commerce Bank grew its holdings in Robinhood Markets by 3.3% in the third quarter. Commerce Bank now owns 13,245 shares of the company's stock worth $310,000 after purchasing an additional 423 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Robinhood Markets by 33.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,581,465 shares of the company's stock valued at $107,298,000 after purchasing an additional 1,137,677 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

About Robinhood Markets

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.