Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev Sells 118,142 Shares

Robinhood Markets, Inc. (NASDAQ:HOODGet Rating) CEO Vladimir Tenev sold 118,142 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $9.10, for a total value of $1,075,092.20. Following the completion of the transaction, the chief executive officer now owns 1,383,006 shares in the company, valued at approximately $12,585,354.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $10.40 on Friday. Robinhood Markets, Inc. has a twelve month low of $6.81 and a twelve month high of $60.88. The stock has a market capitalization of $9.07 billion and a PE ratio of -1.19. The stock has a 50-day simple moving average of $8.64 and a 200 day simple moving average of $10.75.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Mizuho lowered their target price on Robinhood Markets from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. lowered their target price on Robinhood Markets from $11.00 to $7.00 in a research note on Tuesday, June 14th. JMP Securities lowered their target price on Robinhood Markets from $36.00 to $28.00 and set a “market outperform” rating on the stock in a research note on Tuesday, July 12th. Morgan Stanley reduced their price target on Robinhood Markets from $14.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Robinhood Markets from $8.00 to $9.00 in a research report on Thursday. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.19.

Hedge Funds Weigh In On Robinhood Markets

Several large investors have recently made changes to their positions in HOOD. Vanguard Group Inc. raised its holdings in Robinhood Markets by 7,430.5% in the 1st quarter. Vanguard Group Inc. now owns 40,217,187 shares of the company’s stock valued at $543,334,000 after acquiring an additional 39,683,128 shares in the last quarter. ARK Investment Management LLC raised its holdings in Robinhood Markets by 10.6% in the 2nd quarter. ARK Investment Management LLC now owns 33,556,789 shares of the company’s stock valued at $337,581,000 after acquiring an additional 3,203,476 shares in the last quarter. Ribbit Capital GP II Ltd. acquired a new position in Robinhood Markets in the 4th quarter valued at approximately $470,317,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Robinhood Markets in the 2nd quarter valued at approximately $192,352,000. Finally, Nikko Asset Management Americas Inc. raised its holdings in Robinhood Markets by 2.1% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 23,397,624 shares of the company’s stock valued at $190,691,000 after acquiring an additional 472,218 shares in the last quarter. Institutional investors and hedge funds own 64.46% of the company’s stock.

Robinhood Markets Company Profile

(Get Rating)

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company also offers various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is a collection of approximately articles, including guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron's, Reuters, and The Wall Street Journal; lists and alerts, which allow users to create custom watchlists and alerts to monitor securities, ETFs, and cryptocurrencies, as well as cash management services; and offers First trade recommendations to all new customers who have yet to place a trade.

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