Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev Sells 250,000 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $17.93, for a total value of $4,482,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vladimir Tenev also recently made the following trade(s):

• On Thursday, May 2nd, Vladimir Tenev sold 25,049 shares of Robinhood Markets stock. The stock was sold at an average price of $17.04, for a total transaction of $426,834.96.
• On Thursday, April 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $18.67, for a total transaction of $4,667,500.00.
• On Monday, March 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $16.76, for a total value of $4,190,000.00.
• On Monday, February 26th, Vladimir Tenev sold 500,000 shares of Robinhood Markets stock. The stock was sold at an average price of $15.12, for a total value of $7,560,000.00.

Robinhood Markets Stock Down 0.8 %

NASDAQ HOOD traded down $0.14 on Wednesday, reaching $17.85. The company had a trading volume of 22,702,935 shares, compared to its average volume of 14,086,241. The stock has a market cap of $15.61 billion, a price-to-earnings ratio of -29.70 and a beta of 1.74. Robinhood Markets, Inc. has a 52 week low of $7.91 and a 52 week high of $20.55. The stock’s 50 day moving average is $17.78 and its 200-day moving average is $13.37.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in Robinhood Markets during the 1st quarter worth $34,000. Spire Wealth Management bought a new position in Robinhood Markets during the fourth quarter worth about $26,000. PNC Financial Services Group Inc. raised its stake in Robinhood Markets by 46.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock worth $29,000 after purchasing an additional 722 shares in the last quarter. Peoples Bank KS bought a new stake in Robinhood Markets in the 3rd quarter valued at about $29,000. Finally, UniSuper Management Pty Ltd acquired a new position in shares of Robinhood Markets during the 3rd quarter worth approximately $30,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HOOD shares. JPMorgan Chase & Co. lifted their price target on shares of Robinhood Markets from $10.00 to $12.00 and gave the company an “underweight” rating in a research report on Wednesday, February 14th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Robinhood Markets from $12.00 to $16.00 and gave the stock a “hold” rating in a report on Tuesday, March 19th. JMP Securities raised their price target on Robinhood Markets from $25.00 to $28.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods initiated coverage on Robinhood Markets in a research report on Wednesday, April 3rd. They set a “market perform” rating and a $20.00 price objective for the company. Finally, Piper Sandler increased their target price on Robinhood Markets from $12.50 to $17.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.96.

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.