Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt Sells 16,667 Shares of Stock

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

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

• On Tuesday, March 19th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The stock was sold at an average price of $17.17, for a total transaction 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 transaction of $2,579,274.57.
• On Thursday, February 29th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The shares were 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 stock was sold at an average price of $15.10, for a total value 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 value of $2,552,204.89.

Robinhood Markets Stock Up 3.4 %

Shares of HOOD stock opened at $17.19 on Tuesday. Robinhood Markets, Inc. has a twelve month low of $7.91 and a twelve month high of $20.55. The stock’s fifty day simple moving average is $17.04 and its 200 day simple moving average is $12.75. The firm has a market capitalization of $15.03 billion, a P/E ratio of -28.65 and a beta of 1.69.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data 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 company had revenue of $471.00 million during the quarter, compared to the consensus estimate of $454.73 million. During the same quarter in the prior year, the firm posted ($0.19) earnings per share. The firm’s revenue was up 23.9% compared to the same quarter last year. As a group, equities research analysts expect that Robinhood Markets, Inc. will post 0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Robinhood Markets

A number of hedge funds have recently modified their holdings of HOOD. CWM LLC raised its position in Robinhood Markets by 61.1% during the 3rd quarter. CWM LLC now owns 8,488 shares of the company’s stock worth $83,000 after purchasing an additional 3,219 shares during the last quarter. AdvisorNet Financial Inc bought a new position in shares of Robinhood Markets during the third quarter worth about $49,000. DnB Asset Management AS acquired a new position in shares of Robinhood Markets in the third quarter worth approximately $545,000. SG Americas Securities LLC bought a new stake in Robinhood Markets in the third quarter valued at approximately $1,449,000. Finally, Exchange Traded Concepts LLC increased its position in Robinhood Markets by 174.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 11,631 shares of the company’s stock valued at $114,000 after purchasing an additional 7,387 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

HOOD has been the topic of several research reports. Piper Sandler upped 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. The Goldman Sachs Group raised their target price on shares of Robinhood Markets from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Barclays boosted their price target on Robinhood Markets from $11.00 to $16.00 and gave the company an “underweight” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. raised their price objective on Robinhood Markets from $10.00 to $12.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 14th. Finally, Sanford C. Bernstein began coverage on Robinhood Markets in a research report on Thursday, March 14th. They set an “outperform” rating and a $30.00 target price for the company. Three equities research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $18.88.

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.