Key Points
- Robinhood director Baiju Bhatt sold 67,422 shares on May 20 at an average price of $75.38, totaling about $5.08 million. The filing says the trade was made under a pre-arranged Rule 10b5-1 plan.
- Bhatt has also sold Robinhood shares multiple times recently, including sales in April, March, and February, indicating a pattern of insider selling over the past few months.
- Robinhood shares opened at $73.64 and the stock has had a volatile year, with a 52-week range of $62.63 to $153.86. The company recently missed quarterly EPS and revenue estimates, though revenue still rose 15.1% year over year.
Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) Director Baiju Bhatt sold 67,422 shares of the business's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $75.38, for a total transaction of $5,082,270.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Baiju Bhatt also recently made the following trade(s):
- On Thursday, April 16th, Baiju Bhatt sold 57,261 shares of Robinhood Markets stock. The shares were sold at an average price of $86.38, for a total transaction of $4,946,205.18.
- On Friday, March 20th, Baiju Bhatt sold 67,422 shares of Robinhood Markets stock. The shares were sold at an average price of $71.32, for a total transaction of $4,808,537.04.
- On Monday, February 23rd, Baiju Bhatt sold 65,694 shares of Robinhood Markets stock. The shares were sold at an average price of $72.30, for a total transaction of $4,749,676.20.
Robinhood Markets Stock Performance
Shares of HOOD opened at $73.64 on Friday. The stock has a market capitalization of $66.31 billion, a P/E ratio of 35.58, a P/E/G ratio of 2.46 and a beta of 2.29. Robinhood Markets, Inc. has a 1 year low of $62.63 and a 1 year high of $153.86. The company's fifty day moving average is $76.11 and its two-hundred day moving average is $96.47.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.Robinhood Markets's revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Sell-side analysts predict that Robinhood Markets, Inc. will post 1.88 EPS for the current year.
Institutional Investors Weigh In On Robinhood Markets
Several institutional investors and hedge funds have recently made changes to their positions in the business. Summitry LLC purchased a new stake in shares of Robinhood Markets in the 1st quarter worth about $432,000. Groupama Asset Managment purchased a new stake in shares of Robinhood Markets in the 1st quarter worth about $260,000. J. Derek Lewis & Associates Inc. purchased a new stake in shares of Robinhood Markets in the 1st quarter worth about $218,000. BankChampaign National Association purchased a new stake in shares of Robinhood Markets in the 1st quarter worth about $739,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Robinhood Markets in the 1st quarter worth about $109,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Cantor Fitzgerald restated an "overweight" rating and set a $110.00 target price on shares of Robinhood Markets in a research report on Wednesday, April 29th. Barclays decreased their target price on shares of Robinhood Markets from $89.00 to $82.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 29th. Sanford C. Bernstein restated an "outperform" rating and set a $130.00 target price on shares of Robinhood Markets in a research report on Tuesday, April 14th. Citizens Jmp restated a "market outperform" rating and set a $155.00 target price on shares of Robinhood Markets in a research report on Wednesday, April 29th. Finally, Compass Point restated a "buy" rating on shares of Robinhood Markets in a research report on Wednesday, February 11th. Eighteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $107.88.
View Our Latest Report on HOOD
About Robinhood Markets
(
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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