Jeffrey Tsvi Pinner Sells 5,865 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner sold 5,865 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $73.49, for a total value of $431,018.85. Following the completion of the sale, the chief technology officer now owns 20,636 shares of the company’s stock, valued at $1,516,539.64. The trade was a 22.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, April 25th, Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock. The stock was sold at an average price of $49.27, for a total value of $288,377.31.
• 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 value of $201,987.03.
• On Thursday, March 20th, Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock. The stock was sold at an average price of $43.36, for a total value of $253,786.08.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD traded down $1.48 during midday trading on Monday, reaching $73.40. The company’s stock had a trading volume of 65,444,976 shares, compared to its average volume of 27,106,577. The business’s 50 day moving average price is $52.58 and its two-hundred day moving average price is $47.54. The company has a market cap of $64.99 billion, a P/E ratio of 46.75, a P/E/G ratio of 1.05 and a beta of 2.25. Robinhood Markets, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $77.80.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). The company had revenue of $927.00 million for the quarter, compared to analyst estimates of $917.12 million. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The firm’s quarterly revenue was up 50.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 earnings per share. Sell-side analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

HOOD has been the subject of several research reports. Redburn Atlantic reaffirmed a “sell” rating and issued a $48.00 target price (up from $40.00) on shares of Robinhood Markets in a research report on Monday. Needham & Company LLC reaffirmed a “buy” rating and issued a $71.00 price objective on shares of Robinhood Markets in a report on Tuesday, May 27th. Cantor Fitzgerald reduced their target price on Robinhood Markets from $62.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. KeyCorp cut their target price on Robinhood Markets from $75.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Finally, Citigroup lowered their target price on Robinhood Markets from $60.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and an average price target of $56.17.

Institutional Investors Weigh In On Robinhood Markets

Institutional investors have recently added to or reduced their stakes in the company. Militia Capital Partners LP purchased a new stake in shares of Robinhood Markets during the 1st quarter valued at approximately $688,000. Cim LLC grew its holdings in shares of Robinhood Markets by 49.8% during the 1st quarter. Cim LLC now owns 81,911 shares of the company’s stock valued at $3,409,000 after purchasing an additional 27,230 shares during the last quarter. Silicon Valley Capital Partners boosted its position in Robinhood Markets by 50.0% during the 1st quarter. Silicon Valley Capital Partners now owns 1,500 shares of the company’s stock valued at $63,000 after buying an additional 500 shares during the period. Strs Ohio purchased a new position in Robinhood Markets during the 1st quarter valued at about $11,216,000. Finally, Acadian Asset Management LLC increased its stake in Robinhood Markets by 293.6% during the 1st quarter. Acadian Asset Management LLC now owns 144,791 shares of the company’s stock valued at $6,018,000 after purchasing an additional 108,001 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

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.