Insider Selling: Robinhood Markets (NASDAQ:HOOD) CFO Sells 5,474 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CFO Shiv Verma sold 5,474 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $75.13, for a total transaction of $411,261.62. Following the transaction, the chief financial officer owned 51,771 shares in the company, valued at approximately $3,889,555.23. This trade represents a 9.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Robinhood Markets Trading Up 0.6%

NASDAQ:HOOD traded up $0.44 during trading hours on Thursday, reaching $75.65. The company had a trading volume of 20,625,989 shares, compared to its average volume of 31,227,023. The firm has a market cap of $68.02 billion, a price-to-earnings ratio of 36.72, a PEG ratio of 1.28 and a beta of 2.43. The firm’s 50 day moving average price is $105.27 and its 200-day moving average price is $117.67. Robinhood Markets, Inc. has a 52 week low of $29.66 and a 52 week high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the firm earned $1.01 EPS. The company’s revenue was up 26.5% compared to the same quarter last year. On average, analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HOOD has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Robinhood Markets in a research note on Monday, December 22nd. Keefe, Bruyette & Woods boosted their target price on shares of Robinhood Markets from $121.00 to $135.00 and gave the company a “market perform” rating in a research report on Thursday, November 6th. Needham & Company LLC reduced their target price on shares of Robinhood Markets from $135.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Citizens Jmp reiterated a “market outperform” rating and set a $180.00 price target on shares of Robinhood Markets in a research note on Wednesday, February 11th. Finally, The Goldman Sachs Group cut their price objective on shares of Robinhood Markets from $152.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Seventeen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $121.71.

Institutional Trading of Robinhood Markets

Hedge funds and other institutional investors have recently modified their holdings of the company. Caisse Des Depots ET Consignations bought a new position in Robinhood Markets during the 3rd quarter worth about $3,984,000. Jennison Associates LLC bought a new stake in shares of Robinhood Markets in the 3rd quarter valued at about $322,823,000. New York Life Investment Management LLC purchased a new stake in shares of Robinhood Markets in the 3rd quarter worth approximately $14,989,000. Aberdeen Group plc lifted its position in shares of Robinhood Markets by 565.1% in the 3rd quarter. Aberdeen Group plc now owns 185,538 shares of the company’s stock worth $26,565,000 after purchasing an additional 157,643 shares during the period. Finally, NEOS Investment Management LLC bought a new position in shares of Robinhood Markets during the third quarter valued at approximately $11,994,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Company Profile

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.