Key Points
- Shiv Verma, Robinhood's CFO, sold 5,438 shares on March 16 at an average price of $75.00 for proceeds of $407,850, cutting his stake by 8.55% to 58,183 shares (worth ≈$4.36M); he had also sold 5,474 shares on Feb. 17 at about $75.13.
- Robinhood shares recently traded around $74.90, giving a market cap of about $67.4B and a beta of 2.47, and the stock sits well below its 50-day ($88.64) and 200-day ($113.21) moving averages within a 12‑month range of $29.66–$153.86.
- Analysts' consensus is a Moderate Buy with a $120.59 target (17 Buys, 6 Holds, 1 Sell), and institutional investors own roughly 93.27% of the stock, led by large positions from Vanguard, State Street and Norges Bank.
Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CFO Shiv Verma sold 5,438 shares of Robinhood Markets stock in a transaction on Monday, March 16th. The shares were sold at an average price of $75.00, for a total value of $407,850.00. Following the completion of the sale, the chief financial officer directly owned 58,183 shares of the company's stock, valued at $4,363,725. The trade was a 8.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shiv Verma also recently made the following trade(s):
- On Tuesday, February 17th, Shiv Verma sold 5,474 shares of Robinhood Markets stock. The stock was sold at an average price of $75.13, for a total value of $411,261.62.
Robinhood Markets Price Performance
Shares of Robinhood Markets stock opened at $74.90 on Thursday. The stock has a market capitalization of $67.43 billion, a price-to-earnings ratio of 36.36, a price-to-earnings-growth ratio of 1.75 and a beta of 2.47. The business has a 50-day moving average of $88.64 and a 200 day moving average of $113.21. Robinhood Markets, Inc. has a 12 month low of $29.66 and a 12 month high of $153.86.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.03. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The business's revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 earnings per share. Equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of HOOD. Vanguard Group Inc. grew its holdings in shares of Robinhood Markets by 24.9% during the third quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company's stock worth $13,521,497,000 after buying an additional 18,824,923 shares during the last quarter. State Street Corp raised its stake in Robinhood Markets by 103.2% during the 3rd quarter. State Street Corp now owns 32,246,155 shares of the company's stock valued at $4,617,004,000 after acquiring an additional 16,375,734 shares during the last quarter. Norges Bank purchased a new stake in Robinhood Markets during the 4th quarter valued at approximately $1,202,160,000. Paradigm Operations LP acquired a new stake in Robinhood Markets during the 2nd quarter worth approximately $308,979,000. Finally, Corient Private Wealth LLC lifted its position in Robinhood Markets by 5,221.4% during the 4th quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company's stock worth $289,519,000 after acquiring an additional 2,511,743 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have recently issued reports on the company. Piper Sandler reduced their price objective on Robinhood Markets from $155.00 to $135.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 11th. Truist Financial cut their target price on shares of Robinhood Markets from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, February 12th. Loop Capital set a $130.00 price target on shares of Robinhood Markets in a research note on Monday, February 9th. Zacks Research downgraded shares of Robinhood Markets from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Robinhood Markets in a research note on Monday, December 22nd. Seventeen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.59.
Get Our Latest Research Report on Robinhood Markets
Robinhood Markets Company Profile
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Get Free Report)
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.
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