Vladimir Tenev Sells 250,000 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $22.88, for a total value of $5,720,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Vladimir Tenev also recently made the following trade(s):

• On Wednesday, September 4th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $19.26, for a total value of $4,815,000.00.
• On Monday, August 5th, Vladimir Tenev sold 250,000 shares of Robinhood Markets stock. The stock was sold at an average price of $16.05, for a total value of $4,012,500.00.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD opened at $25.50 on Friday. The firm’s 50-day moving average is $20.92 and its two-hundred day moving average is $20.53. Robinhood Markets, Inc. has a 12-month low of $7.91 and a 12-month high of $25.87. The company has a market capitalization of $22.41 billion, a PE ratio of 170.00 and a beta of 1.84.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.05. Robinhood Markets had a return on equity of 4.25% and a net margin of 12.96%. The company had revenue of $682.00 million during the quarter, compared to the consensus estimate of $640.39 million. During the same quarter last year, the business posted $0.03 earnings per share. Robinhood Markets’s revenue was up 40.3% compared to the same quarter last year. On average, analysts forecast that Robinhood Markets, Inc. will post 0.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HOOD. PNC Financial Services Group Inc. raised its position in shares of Robinhood Markets by 46.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock valued at $29,000 after buying an additional 722 shares during the last quarter. ORG Partners LLC purchased a new stake in Robinhood Markets in the 2nd quarter worth approximately $33,000. Allspring Global Investments Holdings LLC acquired a new position in Robinhood Markets in the 1st quarter valued at $34,000. International Assets Investment Management LLC purchased a new position in shares of Robinhood Markets during the 2nd quarter worth $40,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Robinhood Markets during the 2nd quarter worth $45,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HOOD has been the topic of several recent research reports. Keefe, Bruyette & Woods dropped their price objective on shares of Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group increased their price target on shares of Robinhood Markets from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Citigroup lifted their price objective on Robinhood Markets from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Barclays increased their target price on Robinhood Markets from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Robinhood Markets from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $23.83.

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.