Robinhood Markets (NASDAQ:HOOD) CFO Sells $420,528.96 in Stock

Robinhood Markets, Inc. (NASDAQ:HOODGet Free Report) CFO Shiv Verma sold 5,436 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $77.36, for a total value of $420,528.96. Following the completion of the transaction, the chief financial officer owned 47,311 shares of the company’s stock, valued at $3,659,978.96. This represents a 10.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Shiv Verma also recently made the following trade(s):

  • On Wednesday, April 15th, Shiv Verma sold 5,436 shares of Robinhood Markets stock. The stock was sold at an average price of $85.86, for a total value of $466,734.96.
  • On Monday, March 16th, Shiv Verma sold 5,438 shares of Robinhood Markets stock. The shares were sold at an average price of $75.00, for a total value of $407,850.00.

Robinhood Markets Stock Performance

Robinhood Markets stock opened at $75.92 on Friday. The stock has a market cap of $68.37 billion, a PE ratio of 36.68, a price-to-earnings-growth ratio of 2.45 and a beta of 2.29. Robinhood Markets, Inc. has a one year low of $62.63 and a one year high of $153.86. The stock has a fifty day moving average of $76.21 and a 200 day moving average of $96.63.

Robinhood Markets (NASDAQ:HOODGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The firm’s revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 EPS. As a group, sell-side analysts predict that Robinhood Markets, Inc. will post 1.88 EPS for the current fiscal year.

Trending Headlines about Robinhood Markets

Here are the key news stories impacting Robinhood Markets this week:

Analysts Set New Price Targets

A number of research firms recently commented on HOOD. Sanford C. Bernstein reiterated an “outperform” rating and set a $130.00 price objective on shares of Robinhood Markets in a research report on Tuesday, April 14th. Loop Capital set a $130.00 price objective on Robinhood Markets in a research report on Monday, February 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Robinhood Markets in a research report on Friday, March 27th. Keefe, Bruyette & Woods reduced their price objective on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a research report on Wednesday, April 29th. Finally, Truist Financial reduced their price objective on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Eighteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $107.88.

Read Our Latest Research Report on Robinhood Markets

Institutional Trading of Robinhood Markets

A number of hedge funds and other institutional investors have recently bought and sold shares of HOOD. Vanguard Group Inc. increased its position in Robinhood Markets by 24.9% in the third quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock worth $13,521,497,000 after buying an additional 18,824,923 shares in the last quarter. State Street Corp increased its position in Robinhood Markets by 103.2% in the third quarter. State Street Corp now owns 32,246,155 shares of the company’s stock worth $4,617,004,000 after buying an additional 16,375,734 shares in the last quarter. Norges Bank purchased a new stake in Robinhood Markets in the fourth quarter worth about $1,202,160,000. Amundi increased its position in Robinhood Markets by 89.0% in the first quarter. Amundi now owns 6,385,232 shares of the company’s stock worth $442,497,000 after buying an additional 3,007,103 shares in the last quarter. Finally, Corient Private Wealth LLC increased its position in Robinhood Markets by 5,221.4% in the fourth quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company’s stock worth $289,519,000 after buying an additional 2,511,743 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

About Robinhood Markets

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Robinhood Markets (NASDAQ:HOOD)

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