Insider Selling: Robinhood Markets (NASDAQ:HOOD) CAO Sells 4,473 Shares of Company Stock

Key Points

  • Robinhood Chief Accounting Officer Dara Bazzano sold 4,473 shares for about $381,636 under a pre-arranged Rule 10b5-1 plan, reducing her stake by 59.86% to 3,000 shares.
  • In its latest quarter, Robinhood reported earnings of $0.60 per share, beating the $0.56 consensus, while revenue of $1.42 billion fell short of analyst expectations of $1.44 billion.
  • Analyst sentiment remains broadly positive: MarketBeat reports an average rating of “Moderate Buy” and an average price target of $126.45, despite mixed recent target revisions.

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CAO Dara Bazzano sold 4,473 shares of the firm's stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $85.32, for a total value of $381,636.36. Following the completion of the sale, the chief accounting officer directly owned 3,000 shares of the company's stock, valued at $255,960. The trade was a 59.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robinhood Markets Trading Up 2.0%

Shares of NASDAQ:HOOD opened at $87.41 on Thursday. The business's 50-day moving average is $107.15 and its 200 day moving average is $92.57. Robinhood Markets, Inc. has a 1 year low of $63.51 and a 1 year high of $144.77. The firm has a market capitalization of $78.59 billion, a P/E ratio of 40.28, a P/E/G ratio of 1.91 and a beta of 2.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.24 and a quick ratio of 1.24.




Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.04. The company had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.44 billion. Robinhood Markets had a return on equity of 21.49% and a net margin of 39.04%. The firm's revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business posted $0.61 earnings per share. On average, research analysts predict that Robinhood Markets, Inc. will post 2.10 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on HOOD. Bank of America increased their price objective on shares of Robinhood Markets from $140.00 to $156.00 and gave the company a "buy" rating in a research report on Monday, October 5th. Wells Fargo & Company dropped their target price on shares of Robinhood Markets from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 28th. Sanford C. Bernstein restated an "outperform" rating and set a $160.00 price target on shares of Robinhood Markets in a research note on Tuesday, September 8th. Cantor Fitzgerald cut their price target on shares of Robinhood Markets from $150.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, October 30th. Finally, Jefferies Financial Group raised their price target on shares of Robinhood Markets from $127.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Robinhood Markets presently has an average rating of "Moderate Buy" and an average price target of $126.45.

View Our Latest Report on HOOD

Robinhood Markets News Roundup

Here are the key news stories impacting Robinhood Markets this week:

Institutional Investors Weigh In On Robinhood Markets

Institutional investors and hedge funds have recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. raised its position in Robinhood Markets by 10.2% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,812,999 shares of the company's stock worth $472,141,000 after buying an additional 632,403 shares during the last quarter. Amundi lifted its stake in Robinhood Markets by 89.0% during the 1st quarter. Amundi now owns 6,385,232 shares of the company's stock valued at $442,497,000 after acquiring an additional 3,007,103 shares during the period. Bank of New York Mellon Corp acquired a new stake in Robinhood Markets during the 2nd quarter valued at approximately $379,695,000. Amova Asset Management Americas Inc. boosted its holdings in shares of Robinhood Markets by 15.0% in the 1st quarter. Amova Asset Management Americas Inc. now owns 5,240,796 shares of the company's stock valued at $362,925,000 after acquiring an additional 685,041 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Robinhood Markets by 48.6% in the 1st quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company's stock valued at $353,717,000 after acquiring an additional 1,668,400 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

About Robinhood Markets

(Get Free Report)

Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.

Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.

See Also

Insider Buying and Selling by Quarter for Robinhood Markets (NASDAQ:HOOD)

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].

Insider Buying or Selling at Robinhood Markets?
Sign-up to receive InsiderTrades.com's daily insider buying and selling report for Robinhood Markets and related companies.
From Our Partners
Free Insider Buying and Selling Newsletter
Enter your email address below to receive InsiderTrades.com's daily insider buying and selling report.
From Our Partners

Most Read This Month

Recent Articles