Insider Selling: Robinhood Markets (NASDAQ:HOOD) Director Sells 67,422 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 67,422 shares of Robinhood Markets stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $75.38, for a total transaction of $5,082,270.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, April 16th, Baiju Bhatt sold 57,261 shares of Robinhood Markets stock. The stock was sold at an average price of $86.38, for a total value of $4,946,205.18.
• On Friday, March 20th, Baiju Bhatt sold 67,422 shares of Robinhood Markets stock. The shares were sold at an average price of $71.32, for a total value of $4,808,537.04.
• On Monday, February 23rd, Baiju Bhatt sold 65,694 shares of Robinhood Markets stock. The shares were sold at an average price of $72.30, for a total transaction of $4,749,676.20.

Robinhood Markets Price Performance

HOOD stock traded down $2.28 during trading on Friday, hitting $73.64. The stock had a trading volume of 20,653,740 shares, compared to its average volume of 29,376,625. Robinhood Markets, Inc. has a twelve month low of $62.63 and a twelve month high of $153.86. The company’s 50-day moving average price is $76.21 and its two-hundred day moving average price is $96.63. The stock has a market capitalization of $66.31 billion, a P/E ratio of 35.58, a PEG ratio of 2.45 and a beta of 2.29.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results 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 analyst estimates of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. Robinhood Markets’s revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 EPS. As a group, sell-side analysts expect that Robinhood Markets, Inc. will post 1.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Caisse Des Depots ET Consignations acquired a new position in shares of Robinhood Markets in the 3rd quarter worth approximately $3,984,000. Aberdeen Group plc grew its stake in Robinhood Markets by 565.1% during 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 in the last quarter. Jennison Associates LLC acquired a new position in shares of Robinhood Markets during the third quarter worth about $322,823,000. NEOS Investment Management LLC purchased a new stake in shares of Robinhood Markets in the 3rd quarter valued at approximately $11,994,000. Finally, New York Life Investment Management LLC purchased a new position in Robinhood Markets in the third quarter valued at $14,989,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

HOOD has been the topic of several recent research reports. Citizens Jmp reaffirmed a “market outperform” rating and set a $155.00 target price on shares of Robinhood Markets in a research note on Wednesday, April 29th. KeyCorp reduced their target price on shares of Robinhood Markets from $120.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. New Street Research set a $122.00 price target on shares of Robinhood Markets in a research note on Thursday, March 5th. Mizuho boosted their price target on shares of Robinhood Markets from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Finally, Needham & Company LLC dropped their price objective on shares of Robinhood Markets from $95.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Eighteen 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $107.88.

About Robinhood Markets

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.