Jeffrey Tsvi Pinner Sells 5,853 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $43.36, for a total value of $253,786.08. Following the transaction, the chief technology officer now owns 11,706 shares of the company’s stock, valued at $507,572.16. This represents a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Jeffrey Tsvi Pinner also recently made the following trade(s):

• On Wednesday, March 5th, Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock. The stock was sold at an average price of $46.81, for a total transaction of $273,978.93.
• On Monday, January 27th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The stock was sold at an average price of $47.82, for a total value of $280,990.32.
• On Monday, January 6th, Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock. The shares were sold at an average price of $42.64, for a total value of $250,552.64.

Robinhood Markets Trading Down 0.4 %

HOOD opened at $48.15 on Wednesday. The company has a market cap of $42.63 billion, a P/E ratio of 30.67, a PEG ratio of 1.05 and a beta of 2.14. The company’s 50 day moving average is $49.35 and its 200-day moving average is $37.82. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. On average, equities analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. The Goldman Sachs Group upgraded shares of Robinhood Markets from a “neutral” rating to a “buy” rating and upped their price target for the company from $40.00 to $46.00 in a research note on Friday, December 6th. Citigroup increased their target price on shares of Robinhood Markets from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Cantor Fitzgerald started coverage on shares of Robinhood Markets in a research report on Thursday, March 6th. They issued an “overweight” rating and a $69.00 price target for the company. JMP Securities increased their price target on Robinhood Markets from $60.00 to $77.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Robinhood Markets from $39.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.29.

Institutional Investors Weigh In On Robinhood Markets

A number of hedge funds and other institutional investors have recently bought and sold shares of HOOD. Victory Capital Management Inc. boosted its stake in shares of Robinhood Markets by 85.3% during the third quarter. Victory Capital Management Inc. now owns 117,383 shares of the company’s stock valued at $2,749,000 after purchasing an additional 54,046 shares in the last quarter. Natixis Advisors LLC raised its holdings in Robinhood Markets by 44.0% in the 3rd quarter. Natixis Advisors LLC now owns 33,980 shares of the company’s stock valued at $796,000 after buying an additional 10,376 shares during the last quarter. Quest Partners LLC boosted its position in Robinhood Markets by 1,008.4% during the 3rd quarter. Quest Partners LLC now owns 15,086 shares of the company’s stock worth $353,000 after buying an additional 13,725 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Robinhood Markets during the 3rd quarter worth approximately $365,000. Finally, Commerce Bank increased its position in Robinhood Markets by 3.3% in the 3rd quarter. Commerce Bank now owns 13,245 shares of the company’s stock valued at $310,000 after acquiring an additional 423 shares during the period. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Company Profile

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.