Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Sells $253,786.08 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) 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 transaction, the chief technology officer now owns 11,706 shares of the company’s stock, valued at $507,572.16. This trade represents a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 stock was 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 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.

Robinhood Markets Trading Down 0.4 %

Shares of NASDAQ:HOOD opened at $48.15 on Wednesday. The stock has a market cap of $42.63 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14. The stock’s fifty day simple moving average is $49.35 and its two-hundred day simple moving average is $37.82. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. On average, sell-side analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HOOD shares. The Goldman Sachs Group upgraded Robinhood Markets from a “neutral” rating to a “buy” rating and increased their price target for the stock from $40.00 to $46.00 in a report on Friday, December 6th. Keefe, Bruyette & Woods lifted their target price on Robinhood Markets from $38.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. Wolfe Research cut Robinhood Markets from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. Piper Sandler lifted their price objective on shares of Robinhood Markets from $54.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Finally, Morgan Stanley increased their target price on shares of Robinhood Markets from $64.00 to $90.00 and gave the stock an “overweight” rating in a research note 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.29.

Hedge Funds Weigh In On Robinhood Markets

Institutional investors have recently modified their holdings of the business. New Wave Wealth Advisors LLC bought a new stake in Robinhood Markets during the fourth quarter worth $26,000. CoreCap Advisors LLC boosted its holdings in shares of Robinhood Markets by 191.6% in the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock worth $31,000 after buying an additional 550 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in Robinhood Markets by 750.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock valued at $32,000 after buying an additional 750 shares during the period. Colonial Trust Co SC purchased a new stake in Robinhood Markets during the fourth quarter worth about $34,000. Finally, Silicon Valley Capital Partners bought a new stake in Robinhood Markets in the fourth quarter worth about $37,000. 93.27% of the stock is owned by institutional investors.

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.