Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev Sells 25,049 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 25,049 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $17.04, for a total value of $426,834.96. Following the transaction, the chief executive officer now directly owns 32,584 shares of the company’s stock, valued at $555,231.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, April 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The shares were sold at an average price of $18.67, for a total value 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 shares were sold at an average price of $15.12, for a total transaction of $7,560,000.00.
• On Monday, February 5th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $10.61, for a total transaction of $2,652,500.00.

Robinhood Markets Price Performance

HOOD stock opened at $17.95 on Friday. The firm has a 50 day simple moving average of $17.63 and a two-hundred day simple moving average of $13.13. Robinhood Markets, Inc. has a one year low of $7.91 and a one year high of $20.55.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Tuesday, February 13th. The company reported $0.03 EPS 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 business had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $454.73 million. During the same quarter in the prior year, the firm earned ($0.19) earnings per share. The firm’s revenue was up 23.9% on a year-over-year basis. As a group, sell-side analysts expect that Robinhood Markets, Inc. will post 0.29 EPS for the current fiscal year.

Institutional Trading of Robinhood Markets

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings 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 worth $561,732,000 after buying an additional 2,459,702 shares during the period. ARK Investment Management LLC increased its stake in Robinhood Markets by 6.4% in the 4th quarter. ARK Investment Management LLC now owns 34,936,204 shares of the company’s stock worth $445,087,000 after purchasing an additional 2,101,325 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in 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 last quarter. Nikko Asset Management Americas Inc. boosted its stake in shares of Robinhood Markets by 9.6% during 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 bought a new position in shares of Robinhood Markets in the fourth quarter worth approximately $84,165,000. Institutional investors own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HOOD. Keefe, Bruyette & Woods initiated coverage on shares of Robinhood Markets in a report on Wednesday, April 3rd. They issued a “market perform” rating and a $20.00 price objective for the company. JMP Securities raised their price target on Robinhood Markets from $25.00 to $28.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. increased their price objective on Robinhood Markets from $10.00 to $12.00 and gave the stock an “underweight” rating in a report on Wednesday, February 14th. TheStreet upgraded Robinhood Markets from a “d+” rating to a “c-” rating in a research note on Wednesday, February 28th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Robinhood Markets from $12.00 to $16.00 and gave the company a “hold” rating in a research report on Tuesday, March 19th. Three 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. According to MarketBeat, Robinhood Markets currently has an average rating of “Hold” and an average target price 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.