Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) CFO Sells $83,600.00 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CFO Jason Warnick sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $16.72, for a total value of $83,600.00. Following the completion of the sale, the chief financial officer now owns 997,407 shares in the company, valued at $16,676,645.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jason Warnick also recently made the following trade(s):

• On Monday, April 1st, Jason Warnick sold 5,000 shares of Robinhood Markets stock. The stock was sold at an average price of $19.59, for a total transaction of $97,950.00.
• On Friday, March 1st, Jason Warnick sold 5,000 shares of Robinhood Markets stock. The shares were sold at an average price of $16.47, for a total transaction of $82,350.00.
• On Monday, February 12th, Jason Warnick sold 5,000 shares of Robinhood Markets stock. The shares were sold at an average price of $12.00, for a total transaction of $60,000.00.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD opened at $17.95 on Monday. The stock has a market capitalization of $15.70 billion, a price-to-earnings ratio of -29.92 and a beta of 1.74. Robinhood Markets, Inc. has a 1-year low of $7.91 and a 1-year high of $20.55. The company has a 50 day moving average price of $17.70 and a 200 day moving average price of $13.24.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. The firm had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $454.73 million. During the same quarter last year, the business posted ($0.19) EPS. Robinhood Markets’s revenue was up 23.9% on a year-over-year basis. On average, sell-side analysts expect that Robinhood Markets, Inc. will post 0.29 EPS for the current fiscal year.

Analyst Ratings Changes

HOOD has been the subject of a number of recent analyst reports. Piper Sandler increased their price objective on Robinhood Markets from $12.50 to $17.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft increased their price target on Robinhood Markets from $12.00 to $16.00 and gave the stock a “hold” rating in a research note on Tuesday, March 19th. JMP Securities lifted their price objective on shares of Robinhood Markets from $25.00 to $28.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. KeyCorp increased their target price on shares of Robinhood Markets from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Finally, The Goldman Sachs Group boosted their price target on shares of Robinhood Markets from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Robinhood Markets currently has a consensus rating of “Hold” and an average price target of $18.88.

Institutional Investors Weigh In On Robinhood Markets

Several hedge funds have recently made changes to their positions in the company. RIA Advisory Group LLC purchased a new position in Robinhood Markets during the 1st quarter worth approximately $511,000. GSA Capital Partners LLP lifted its holdings in shares of Robinhood Markets by 19.1% in the first quarter. GSA Capital Partners LLP now owns 40,856 shares of the company’s stock valued at $822,000 after purchasing an additional 6,548 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Robinhood Markets in the first quarter worth $569,000. Whittier Trust Co. grew its holdings in shares of Robinhood Markets by 25.8% during the first quarter. Whittier Trust Co. now owns 5,828 shares of the company’s stock valued at $117,000 after buying an additional 1,194 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Robinhood Markets by 18.8% during the first quarter. Daiwa Securities Group Inc. now owns 41,535 shares of the company’s stock valued at $836,000 after buying an additional 6,575 shares during the period. 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.