Robinhood Markets (NASDAQ:HOOD) Director Baiju Bhatt Sells 67,422 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 67,422 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $75.38, for a total value of $5,082,270.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, April 16th, Baiju Bhatt sold 57,261 shares of Robinhood Markets stock. The shares were sold at an average price of $86.38, for a total transaction of $4,946,205.18.
• On Friday, March 20th, Baiju Bhatt sold 67,422 shares of Robinhood Markets stock. The stock was sold at an average price of $71.32, for a total transaction of $4,808,537.04.
• On Monday, February 23rd, Baiju Bhatt sold 65,694 shares of Robinhood Markets stock. The shares were sold at an average price of $72.30, for a total value of $4,749,676.20.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD traded down $2.28 during trading on Friday, reaching $73.64. The company had a trading volume of 20,653,740 shares, compared to its average volume of 29,376,625. The firm has a market capitalization of $66.31 billion, a price-to-earnings ratio of 35.58, a price-to-earnings-growth ratio of 2.45 and a beta of 2.29. The stock’s fifty day moving average price is $76.21 and its 200 day moving average price is $96.63. Robinhood Markets, Inc. has a fifty-two week low of $62.63 and a fifty-two week high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The firm’s revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. On average, equities analysts anticipate that Robinhood Markets, Inc. will post 1.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Robinhood Markets

Hedge funds have recently bought and sold shares of the business. Empowered Funds LLC grew its position in shares of Robinhood Markets by 46.7% during the first quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock worth $2,076,000 after buying an additional 15,885 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Robinhood Markets during the 2nd quarter valued at about $5,105,000. Federated Hermes Inc. grew its holdings in shares of Robinhood Markets by 106.2% during the second quarter. Federated Hermes Inc. now owns 63,957 shares of the company’s stock valued at $5,988,000 after purchasing an additional 32,933 shares during the last quarter. NewEdge Advisors LLC increased its position in Robinhood Markets by 19.1% in the second quarter. NewEdge Advisors LLC now owns 89,676 shares of the company’s stock worth $8,396,000 after buying an additional 14,356 shares during the period. Finally, Nebula Research & Development LLC acquired a new stake in shares of Robinhood Markets in the 2nd quarter worth about $1,316,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

HOOD has been the topic of several research analyst reports. Wolfe Research raised Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 price target on the stock in a research note on Monday, February 9th. Barclays decreased their price target on shares of Robinhood Markets from $89.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Truist Financial decreased their price objective on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Zacks Research downgraded shares of Robinhood Markets from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 8th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $110.00 price target on shares of Robinhood Markets in a research report on Wednesday, April 29th. Eighteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Robinhood Markets currently has a consensus rating of “Moderate Buy” and an average target price of $107.88.

About Robinhood Markets

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.