Baiju Bhatt Sells 154,160 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 154,160 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $17.61, for a total transaction of $2,714,757.60. Following the completion of the transaction, the director now directly owns 36,045 shares of the company’s stock, valued at approximately $634,752.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, April 18th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The shares were sold at an average price of $17.16, for a total transaction of $286,005.72.
• On Tuesday, March 19th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The shares were sold at an average price of $17.17, for a total transaction of $286,172.39.
• On Tuesday, March 12th, Baiju Bhatt sold 157,177 shares of Robinhood Markets stock. The stock was sold at an average price of $16.41, for a total transaction of $2,579,274.57.
• On Thursday, February 29th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The shares were sold at an average price of $16.17, for a total transaction of $269,505.39.
• On Monday, February 26th, Baiju Bhatt sold 482,667 shares of Robinhood Markets stock. The stock was sold at an average price of $15.10, for a total transaction of $7,288,271.70.
• On Wednesday, February 21st, Baiju Bhatt sold 188,077 shares of Robinhood Markets stock. The stock was sold at an average price of $13.57, for a total transaction of $2,552,204.89.

Robinhood Markets Stock Down 1.1 %

Shares of HOOD traded down $0.19 during mid-day trading on Thursday, hitting $17.12. 7,120,451 shares of the company’s stock were exchanged, compared to its average volume of 14,356,102. Robinhood Markets, Inc. has a 52 week low of $7.91 and a 52 week high of $20.55. The stock’s 50-day simple moving average is $17.23 and its 200-day simple moving average is $12.84. The firm has a market cap of $14.97 billion, a price-to-earnings ratio of -28.43 and a beta of 1.69.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $454.73 million. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. The firm’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.19) earnings per share. Analysts forecast that Robinhood Markets, Inc. will post 0.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HOOD has been the subject of a number of analyst reports. Mizuho boosted their price objective on shares of Robinhood Markets from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Robinhood Markets from $12.00 to $16.00 and gave the company a “hold” rating in a research note on Tuesday, March 19th. Keefe, Bruyette & Woods initiated coverage on shares of Robinhood Markets in a report on Wednesday, April 3rd. They issued a “market perform” rating and a $20.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on shares of Robinhood Markets from $10.00 to $12.00 and gave the company an “underweight” rating in a research report on Wednesday, February 14th. Finally, Morgan Stanley raised their target price on shares of Robinhood Markets from $11.00 to $18.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $18.88.

Hedge Funds Weigh In On Robinhood Markets

Several institutional investors have recently made changes to their positions in HOOD. Vanguard Group Inc. increased its position in shares of Robinhood Markets by 4.5% during the third quarter. Vanguard Group Inc. now owns 57,261,184 shares of the company’s stock worth $561,732,000 after acquiring an additional 2,459,702 shares in the last quarter. ARK Investment Management LLC lifted its stake in Robinhood Markets by 6.4% in the 4th quarter. ARK Investment Management LLC now owns 34,936,204 shares of the company’s stock worth $445,087,000 after purchasing an additional 2,101,325 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Robinhood Markets by 9.4% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,205,693 shares of the company’s stock worth $372,081,000 after purchasing an additional 2,517,012 shares in the last quarter. Nikko Asset Management Americas Inc. grew its holdings in shares of Robinhood Markets by 9.6% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 28,297,822 shares of the company’s stock valued at $360,514,000 after purchasing an additional 2,486,986 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Robinhood Markets during the 4th quarter valued at $84,165,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

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.