Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev Sells 750,000 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 750,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total transaction of $29,370,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vladimir Tenev also recently made the following trade(s):

• On Monday, November 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The shares were sold at an average price of $24.21, for a total transaction of $6,052,500.00.

Robinhood Markets Stock Performance

Shares of HOOD opened at $41.35 on Friday. The stock has a 50-day moving average of $35.52 and a two-hundred day moving average of $26.79. The stock has a market cap of $36.55 billion, a P/E ratio of 70.09, a P/E/G ratio of 0.81 and a beta of 2.09. Robinhood Markets, Inc. has a one year low of $10.38 and a one year high of $43.83.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The firm had revenue of $637.00 million during the quarter, compared to analysts’ expectations of $660.53 million. During the same quarter in the prior year, the company earned ($0.09) EPS. Robinhood Markets’s quarterly revenue was up 36.4% on a year-over-year basis. Analysts predict that Robinhood Markets, Inc. will post 0.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HOOD shares. KeyCorp lifted their price objective on shares of Robinhood Markets from $30.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Needham & Company LLC reissued a “buy” rating and issued a $52.00 price target (up from $40.00) on shares of Robinhood Markets in a research report on Monday, December 9th. Sanford C. Bernstein raised their price objective on Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Citigroup boosted their target price on shares of Robinhood Markets from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Robinhood Markets from $24.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $39.20.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. HM Payson & Co. grew its position in 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 purchasing an additional 410 shares during the period. Eastern Bank purchased a new position in Robinhood Markets during the third quarter valued at approximately $30,000. True Wealth Design LLC acquired a new position in Robinhood Markets in the third quarter valued at approximately $30,000. ORG Wealth Partners LLC purchased a new stake in Robinhood Markets in the 3rd quarter worth approximately $33,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Robinhood Markets during the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

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.