Key Points
- Robinhood CTO Jeffrey Tsvi Pinner sold 5,865 shares on Dec. 5 at an average price of $132.26, generating $775,704.90 and reducing his direct stake to 26,725 shares valued at about $3.53 million (an 18% ownership decline).
- The Dec. 5 sale continues a recent pattern of insider selling — Pinner sold three similar blocks (~5,864 shares each) in Sept. and Oct., each transaction worth roughly $728K–$865K.
- Context: Robinhood recently reported a strong quarter (EPS $0.61 vs. $0.41 expected; revenue $1.27B, up 100% YoY) and carries an analyst consensus of "Moderate Buy" with a $136.95 target, while the stock trades near its 1-year high.
Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CTO Jeffrey Tsvi Pinner sold 5,865 shares of the firm's stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $132.26, for a total value of $775,704.90. Following the completion of the transaction, the chief technology officer directly owned 26,725 shares in the company, valued at $3,534,648.50. This trade represents a 18.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Jeffrey Tsvi Pinner also recently made the following trade(s):
- On Monday, October 27th, Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock. The shares were sold at an average price of $146.91, for a total transaction of $861,480.24.
- On Monday, October 6th, Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock. The stock was sold at an average price of $147.53, for a total value of $865,115.92.
- On Monday, September 22nd, Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock. The shares were sold at an average price of $124.13, for a total transaction of $727,898.32.
Robinhood Markets Trading Down 0.5%
NASDAQ:HOOD opened at $135.71 on Wednesday. The firm's fifty day simple moving average is $133.14 and its 200 day simple moving average is $111.08. The firm has a market capitalization of $122.03 billion, a PE ratio of 56.31, a PEG ratio of 3.07 and a beta of 2.43. Robinhood Markets, Inc. has a 1 year low of $29.66 and a 1 year high of $153.86.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.20. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company posted $0.17 EPS. The business's revenue for the quarter was up 100.0% compared to the same quarter last year. As a group, analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.
Analyst Ratings Changes
HOOD has been the subject of several analyst reports. Compass Point reaffirmed a "buy" rating on shares of Robinhood Markets in a research note on Monday, October 27th. Mizuho raised their price objective on shares of Robinhood Markets from $145.00 to $172.00 and gave the stock an "outperform" rating in a report on Thursday, November 6th. Zacks Research raised Robinhood Markets from a "hold" rating to a "strong-buy" rating in a report on Friday, November 28th. Bank of America lifted their price target on shares of Robinhood Markets from $139.00 to $157.00 and gave the stock a "buy" rating in a research note on Thursday, October 2nd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Robinhood Markets in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Robinhood Markets has an average rating of "Moderate Buy" and a consensus target price of $136.95.
Read Our Latest Stock Analysis on Robinhood Markets
Hedge Funds Weigh In On Robinhood Markets
Several hedge funds have recently modified their holdings of the stock. Valley National Advisers Inc. lifted its holdings in Robinhood Markets by 113.6% in the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company's stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Robinhood Markets by 107.6% in the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company's stock valued at $27,000 after purchasing an additional 99 shares during the period. Vision Financial Markets LLC grew its holdings in Robinhood Markets by 100.0% during the third quarter. Vision Financial Markets LLC now owns 200 shares of the company's stock worth $29,000 after acquiring an additional 100 shares during the period. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Robinhood Markets in the 3rd quarter worth about $29,000. Finally, Guerra Advisors Inc purchased a new stake in shares of Robinhood Markets in the third quarter valued at $30,000. Institutional investors and hedge funds own 93.27% of the company's stock.
Robinhood Markets Company Profile
(
Get Free Report)
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.
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