Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner Sells 5,853 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner sold 5,853 shares of the business’s stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $49.27, for a total value of $288,377.31. The sale was disclosed in a filing with the SEC, which is available through this link.

Jeffrey Tsvi Pinner also recently made the following trade(s):

• On Monday, April 7th, Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock. The stock was sold at an average price of $34.51, for a total transaction of $201,987.03.
• On Thursday, March 20th, Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock. The shares were sold at an average price of $43.36, for a total transaction of $253,786.08.
• On Wednesday, March 5th, Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock. The stock was sold at an average price of $46.81, for a total transaction of $273,978.93.

Robinhood Markets Stock Up 0.9 %

NASDAQ:HOOD opened at $49.37 on Wednesday. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91. The company has a market cap of $43.72 billion, a P/E ratio of 31.45, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17. The business has a 50 day moving average price of $43.15 and a two-hundred day moving average price of $41.22.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. As a group, analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Barclays decreased their price objective on Robinhood Markets from $76.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, April 7th. Raymond James began coverage on shares of Robinhood Markets in a research report on Wednesday, February 5th. They issued a “market perform” rating on the stock. Piper Sandler boosted their price objective on shares of Robinhood Markets from $54.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. JMP Securities cut their target price on shares of Robinhood Markets from $77.00 to $70.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Robinhood Markets from $75.00 to $61.00 and set a “buy” rating for the company in a report on Wednesday, March 12th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $53.88.

Institutional Trading of Robinhood Markets

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of Robinhood Markets during the 3rd quarter worth approximately $351,000. Franklin Resources Inc. bought a new stake in Robinhood Markets during the third quarter worth $6,321,000. Garden State Investment Advisory Services LLC acquired a new stake in Robinhood Markets in the third quarter valued at $263,000. Versant Capital Management Inc grew its position in shares of Robinhood Markets by 6,799.1% in the 4th quarter. Versant Capital Management Inc now owns 22,974 shares of the company’s stock valued at $856,000 after acquiring an additional 22,641 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Robinhood Markets by 49.3% during the 4th quarter. GAMMA Investing LLC now owns 5,858 shares of the company’s stock worth $218,000 after purchasing an additional 1,935 shares during the last quarter. 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.