Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt Sells 94,156 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 94,156 shares of the company’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $55.34, for a total value of $5,210,593.04. Following the completion of the sale, the director now directly owns 7,863 shares of the company’s stock, valued at $435,138.42. The trade was a 92.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, April 28th, Baiju Bhatt sold 94,156 shares of Robinhood Markets stock. The stock was sold at an average price of $50.67, for a total value of $4,770,884.52.
• On Wednesday, April 23rd, Baiju Bhatt sold 47,133 shares of Robinhood Markets stock. The stock was sold at an average price of $45.27, for a total value of $2,133,710.91.
• On Wednesday, April 16th, Baiju Bhatt sold 223,072 shares of Robinhood Markets stock. The stock was sold at an average price of $41.24, for a total value of $9,199,489.28.
• On Monday, March 24th, Baiju Bhatt sold 47,023 shares of Robinhood Markets stock. The stock was sold at an average price of $46.37, for a total value of $2,180,456.51.
• On Friday, March 21st, Baiju Bhatt sold 223,528 shares of Robinhood Markets stock. The stock was sold at an average price of $43.21, for a total value of $9,658,644.88.
• On Thursday, February 13th, Baiju Bhatt sold 522,180 shares of Robinhood Markets stock. The stock was sold at an average price of $62.70, for a total value of $32,740,686.00.

Robinhood Markets Stock Up 9.0%

Shares of NASDAQ HOOD opened at $62.57 on Wednesday. The stock’s 50 day moving average price is $43.92 and its two-hundred day moving average price is $42.96. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $66.91. The stock has a market capitalization of $55.40 billion, a P/E ratio of 39.85, a PEG ratio of 1.05 and a beta of 2.15.

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

Wall Street Analyst Weigh In

Several research firms recently commented on HOOD. Deutsche Bank Aktiengesellschaft cut their price target on Robinhood Markets from $75.00 to $61.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Morgan Stanley boosted their price target on Robinhood Markets from $40.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Cantor Fitzgerald cut their price target 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. Compass Point began coverage on Robinhood Markets in a research note on Wednesday, March 19th. They issued a “buy” rating and a $61.00 price target on the stock. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $60.00 price target on shares of Robinhood Markets in a research note on Thursday, March 27th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.41.

Institutional Trading of Robinhood Markets

Institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc raised its position in shares of Robinhood Markets by 601.1% during the 4th quarter. IFP Advisors Inc now owns 4,396 shares of the company’s stock worth $164,000 after purchasing an additional 3,769 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Robinhood Markets by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company’s stock worth $175,857,000 after purchasing an additional 138,267 shares during the period. Atomi Financial Group Inc. raised its position in shares of Robinhood Markets by 20.7% during the 4th quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company’s stock worth $20,154,000 after purchasing an additional 92,613 shares during the period. Requisite Capital Management LLC acquired a new stake in shares of Robinhood Markets during the 4th quarter worth approximately $266,000. Finally, Aigen Investment Management LP raised its position in shares of Robinhood Markets by 161.2% during the 4th quarter. Aigen Investment Management LP now owns 85,868 shares of the company’s stock worth $3,199,000 after purchasing an additional 52,988 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

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.