Robinhood Markets, Inc. (NASDAQ:HOOD) CFO Sells $83,600.00 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CFO Jason Warnick sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $16.72, for a total transaction of $83,600.00. Following the sale, the chief financial officer now directly owns 997,407 shares in the company, valued at $16,676,645.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, April 1st, Jason Warnick sold 5,000 shares of Robinhood Markets stock. The shares were sold at an average price of $19.59, for a total value of $97,950.00.
• On Friday, March 1st, Jason Warnick sold 5,000 shares of Robinhood Markets stock. The shares were sold at an average price of $16.47, for a total value of $82,350.00.
• On Monday, February 12th, Jason Warnick sold 5,000 shares of Robinhood Markets stock. The shares were sold at an average price of $12.00, for a total transaction of $60,000.00.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD traded up $0.34 during midday trading on Friday, hitting $17.95. 9,455,348 shares of the stock were exchanged, compared to its average volume of 13,956,204. The company has a market capitalization of $15.70 billion, a PE ratio of -29.92 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 business’s fifty day simple moving average is $17.63 and its two-hundred day simple moving average is $13.13.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $471.00 million during the quarter, compared to analyst estimates of $454.73 million. During the same period in the previous year, the company earned ($0.19) EPS. The firm’s revenue was up 23.9% on a year-over-year basis. As a group, equities analysts anticipate that Robinhood Markets, Inc. will post 0.29 EPS for the current year.

Institutional Trading of Robinhood Markets

Several large investors have recently added to or reduced their stakes in HOOD. Vanguard Group Inc. boosted its holdings in Robinhood Markets by 4.5% in the third quarter. Vanguard Group Inc. now owns 57,261,184 shares of the company’s stock worth $561,732,000 after purchasing an additional 2,459,702 shares in the last quarter. ARK Investment Management LLC grew its holdings in Robinhood Markets by 6.4% during the fourth quarter. ARK Investment Management LLC now owns 34,936,204 shares of the company’s stock valued at $445,087,000 after purchasing an additional 2,101,325 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Robinhood Markets by 9.4% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,205,693 shares of the company’s stock valued at $372,081,000 after purchasing an additional 2,517,012 shares during the period. Nikko Asset Management Americas Inc. lifted its stake 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 worth $360,514,000 after buying an additional 2,486,986 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Robinhood Markets during the 4th quarter worth $84,165,000. 93.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HOOD has been the topic of several analyst reports. JMP Securities lifted their price objective on Robinhood Markets from $25.00 to $28.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Mizuho raised their price target on Robinhood Markets from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Citigroup lowered shares of Robinhood Markets from a “neutral” rating to a “sell” rating and upped their price target for the stock from $13.00 to $16.00 in a research report on Thursday, April 11th. 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 on the stock. Finally, Piper Sandler raised their price target on shares of Robinhood Markets from $12.50 to $17.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $18.88.

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.