Robinhood Markets (NASDAQ:HOOD) CFO Shiv Verma Sells 5,436 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) CFO Shiv Verma sold 5,436 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $77.36, for a total value of $420,528.96. Following the completion of the transaction, the chief financial officer directly owned 47,311 shares of the company’s stock, valued at $3,659,978.96. The trade was a 10.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Shiv Verma also recently made the following trade(s):

• On Wednesday, April 15th, Shiv Verma sold 5,436 shares of Robinhood Markets stock. The shares were sold at an average price of $85.86, for a total value of $466,734.96.
• On Monday, March 16th, Shiv Verma sold 5,438 shares of Robinhood Markets stock. The shares were sold at an average price of $75.00, for a total value of $407,850.00.

Robinhood Markets Price Performance

Shares of Robinhood Markets stock opened at $74.15 on Wednesday. The business has a 50 day simple moving average of $76.33 and a two-hundred day simple moving average of $97.57. Robinhood Markets, Inc. has a 12 month low of $62.63 and a 12 month high of $153.86. The stock has a market capitalization of $66.77 billion, a P/E ratio of 35.82, a PEG ratio of 2.50 and a beta of 2.29.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company earned $0.37 EPS. Robinhood Markets’s revenue was up 15.1% compared to the same quarter last year. As a group, research analysts anticipate that Robinhood Markets, Inc. will post 1.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HOOD. New Street Research set a $122.00 target price on Robinhood Markets in a report on Thursday, March 5th. Argus reduced their target price on Robinhood Markets from $102.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Keefe, Bruyette & Woods reduced their target price on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a report on Wednesday, April 29th. Sanford C. Bernstein restated an “outperform” rating and issued a $130.00 price target on shares of Robinhood Markets in a research report on Tuesday, April 14th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $110.00 price target on shares of Robinhood Markets in a research report on Wednesday, April 29th. Eighteen analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $107.88.

Institutional Investors Weigh In On Robinhood Markets

Large investors have recently made changes to their positions in the stock. Golden State Wealth Management LLC grew its position in shares of Robinhood Markets by 107.6% in the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after purchasing an additional 99 shares in the last quarter. Vision Financial Markets LLC grew its position in Robinhood Markets by 100.0% in the third quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the period. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Robinhood Markets in the third quarter worth approximately $29,000. Guerra Advisors Inc purchased a new position in Robinhood Markets in the third quarter worth approximately $30,000. Finally, CYBER HORNET ETFs LLC grew its position in Robinhood Markets by 527.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after acquiring an additional 190 shares during the period. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Robinhood Markets

Here are the key news stories impacting Robinhood Markets this week:

• Positive Sentiment: Robinhood’s management is presenting at J.P. Morgan’s Global Technology, Media and Communications Conference, which can help reinforce the company’s growth story and give investors updates on trading activity, platform engagement, and product expansion. Robinhood Markets, Inc. (HOOD) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
• Positive Sentiment: A recent article noted that Robinhood continues to attract investor attention after strong April operating data and a positive analyst review, suggesting core business trends remain supportive even after crypto volumes cooled. Why Robinhood (HOOD) Stock Is Up Today
• Neutral Sentiment: Robinhood’s CFO, Shiv Verma, sold shares under a pre-arranged 10b5-1 plan. While routine, insider sales can still add to short-term caution around the stock. Robinhood Markets, Inc. insider transaction details
• Negative Sentiment: Investors are also reacting to concerns that Robinhood could lose from Congress’s prediction-market bill frenzy, which raises uncertainty around a business area linked to event-based trading activity. Why Robinhood (HOOD) stock may stand to lose from Congress’s prediction market bill frenzy
• Negative Sentiment: Another bearish note says Robinhood’s customers are staying away, reflecting skepticism that weaker engagement and trading activity can support near-term growth. Robinhood’s Customers Are Staying Away, You Should Too

Robinhood Markets Company Profile

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.