Robinhood Markets, Inc. (NASDAQ:HOOD) Director Sells $286,005.72 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 16,667 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $17.16, for a total value of $286,005.72. Following the completion of the transaction, the director now directly owns 36,045 shares in the company, valued at $618,532.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, March 19th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The shares were sold at an average price of $17.17, for a total value of $286,172.39.
• On Tuesday, March 12th, Baiju Bhatt sold 157,177 shares of Robinhood Markets stock. The stock was sold at an average price of $16.41, for a total value of $2,579,274.57.
• On Thursday, February 29th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The stock was sold at an average price of $16.17, for a total transaction of $269,505.39.
• On Monday, February 26th, Baiju Bhatt sold 482,667 shares of Robinhood Markets stock. The shares were sold at an average price of $15.10, for a total transaction of $7,288,271.70.
• On Wednesday, February 21st, Baiju Bhatt sold 188,077 shares of Robinhood Markets stock. The stock was sold at an average price of $13.57, for a total transaction of $2,552,204.89.

Robinhood Markets Price Performance

Shares of Robinhood Markets stock opened at $17.31 on Thursday. The stock has a market capitalization of $15.14 billion, a P/E ratio of -28.85 and a beta of 1.69. The business has a 50 day simple moving average of $17.23 and a two-hundred day simple moving average of $12.84. Robinhood Markets, Inc. has a 12 month low of $7.91 and a 12 month high of $20.55.

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods started coverage on Robinhood Markets in a research report on Wednesday, April 3rd. They set a “market perform” rating and a $20.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on Robinhood Markets from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 14th. Piper Sandler lifted their target price on shares of Robinhood Markets from $12.50 to $17.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Citigroup downgraded shares of Robinhood Markets from a “neutral” rating to a “sell” rating and increased their price target for the stock from $13.00 to $16.00 in a report on Thursday, April 11th. Finally, Sanford C. Bernstein assumed coverage on shares of Robinhood Markets in a research report on Thursday, March 14th. They issued an “outperform” rating and a $30.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.88.

Institutional Trading of Robinhood Markets

A number of hedge funds have recently bought and sold shares of HOOD. Vanguard Group Inc. grew its position in shares of Robinhood Markets by 4.5% in the third quarter. Vanguard Group Inc. now owns 57,261,184 shares of the company’s stock valued at $561,732,000 after purchasing an additional 2,459,702 shares in the last quarter. ARK Investment Management LLC raised its holdings in shares of Robinhood Markets by 6.4% during the 4th quarter. ARK Investment Management LLC now owns 34,936,204 shares of the company’s stock worth $445,087,000 after acquiring an additional 2,101,325 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Robinhood Markets by 9.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,205,693 shares of the company’s stock valued at $372,081,000 after acquiring an additional 2,517,012 shares during the last quarter. Nikko Asset Management Americas Inc. grew its holdings in shares of Robinhood Markets by 9.6% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 28,297,822 shares of the company’s stock valued at $360,514,000 after purchasing an additional 2,486,986 shares during the period. Finally, Norges Bank purchased a new position in Robinhood Markets during the fourth quarter worth about $84,165,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

About Robinhood Markets

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.