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

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 223,528 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $43.21, for a total transaction of $9,658,644.88. Following the sale, the director now owns 5,042 shares of the company’s stock, valued at $217,864.82. This trade represents a 97.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• 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 transaction of $32,740,686.00.
• On Friday, February 7th, Baiju Bhatt sold 90,866 shares of Robinhood Markets stock. The stock was 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 shares were 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 value of $4,113,503.82.
• On Friday, January 3rd, Baiju Bhatt sold 228,645 shares of Robinhood Markets stock. The stock was sold at an average price of $40.37, for a total transaction of $9,230,398.65.

Robinhood Markets Price Performance

Shares of Robinhood Markets stock traded down $0.21 during trading hours on Tuesday, reaching $48.15. The company’s stock had a trading volume of 43,274,072 shares, compared to its average volume of 21,210,096. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $66.91. The firm has a 50 day moving average price of $49.22 and a 200-day moving average price of $37.61. The stock has a market cap of $42.63 billion, a P/E ratio of 30.67, a P/E/G ratio of 1.05 and a beta of 2.14.

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

Institutional Investors Weigh In On Robinhood Markets

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP purchased a new position in shares of Robinhood Markets during the 4th quarter worth about $588,000. Kilter Group LLC bought a new stake in Robinhood Markets in the fourth quarter worth about $240,000. Siemens Fonds Invest GmbH purchased a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $217,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $4,886,000. Finally, Employees Retirement System of Texas purchased a new stake in shares of Robinhood Markets in the fourth quarter worth approximately $1,609,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HOOD. Piper Sandler upped their price target on shares of Robinhood Markets from $54.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. KeyCorp increased their price target on Robinhood Markets from $57.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Citigroup boosted their price objective on Robinhood Markets from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. increased their target price on Robinhood Markets from $39.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Robinhood Markets from $75.00 to $61.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $61.29.

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.