Robinhood Markets, Inc. (NASDAQ:HOOD) CFO Jason Warnick Sells 5,000 Shares

Robinhood Markets, Inc. (NASDAQ:HOODGet Free Report) CFO Jason Warnick sold 5,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $19.59, for a total transaction of $97,950.00. Following the completion of the transaction, the chief financial officer now owns 1,002,407 shares in the company, valued at approximately $19,637,153.13. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Friday, March 1st, Jason Warnick sold 5,000 shares of Robinhood Markets stock. The stock was 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 stock was sold at an average price of $12.00, for a total transaction of $60,000.00.

Robinhood Markets Price Performance

Robinhood Markets stock traded down $0.21 during trading hours on Tuesday, hitting $19.20. The company had a trading volume of 15,932,680 shares, compared to its average volume of 15,618,722. The firm has a market capitalization of $16.79 billion, a P/E ratio of -31.95 and a beta of 1.68. The firm’s fifty day moving average is $14.95 and its 200-day moving average is $11.90. Robinhood Markets, Inc. has a fifty-two week low of $7.91 and a fifty-two week high of $20.55.

Robinhood Markets (NASDAQ:HOODGet Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04. The firm had revenue of $471.00 million for the quarter, compared to analyst estimates of $454.73 million. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. The company’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.19) EPS. Analysts anticipate that Robinhood Markets, Inc. will post 0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on HOOD. The Goldman Sachs Group increased their target price on shares of Robinhood Markets from $10.00 to $11.50 and gave the company a “neutral” rating in a research note on Thursday, January 11th. Sanford C. Bernstein began coverage on shares of Robinhood Markets in a research note on Thursday, March 14th. They set an “outperform” rating and a $30.00 target price for the company. TheStreet raised shares of Robinhood Markets from a “d+” rating to a “c-” rating in a research note on Wednesday, February 28th. Barclays increased their target price on shares of Robinhood Markets from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Wednesday, February 14th. Finally, Mizuho boosted their price target on shares of Robinhood Markets from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $16.04.

Get Our Latest Analysis on Robinhood Markets

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of HOOD. HighPoint Advisor Group LLC bought a new stake in shares of Robinhood Markets during the 4th quarter worth $596,000. Quadrature Capital Ltd boosted its holdings in shares of Robinhood Markets by 198.8% during the 4th quarter. Quadrature Capital Ltd now owns 237,561 shares of the company’s stock worth $3,029,000 after buying an additional 158,044 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Robinhood Markets by 46.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock worth $29,000 after buying an additional 722 shares during the period. Wellington Management Group LLP bought a new stake in shares of Robinhood Markets during the 4th quarter worth $8,299,000. Finally, PBCay One RSC Ltd bought a new stake in shares of Robinhood Markets during the 4th quarter worth $289,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

About Robinhood Markets

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Robinhood Markets (NASDAQ:HOOD)

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