Robinhood Markets (NASDAQ:HOOD) CFO Shiv Verma Sells 3,984 Shares

by · The Markets Daily

Robinhood Markets, Inc. (NASDAQ:HOODGet Free Report) CFO Shiv Verma sold 3,984 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $98.84, for a total value of $393,778.56. Following the transaction, the chief financial officer owned 59,927 shares in the company, valued at approximately $5,923,184.68. This represents a 6.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Shiv Verma also recently made the following trade(s):

  • On Friday, May 15th, Shiv Verma sold 5,436 shares of Robinhood Markets stock. The stock was sold at an average price of $77.36, for a total value of $420,528.96.
  • On Wednesday, April 15th, Shiv Verma sold 5,436 shares of Robinhood Markets stock. The stock was sold at an average price of $85.86, for a total value of $466,734.96.

Robinhood Markets Stock Up 5.3%

Shares of Robinhood Markets stock traded up $4.93 on Monday, hitting $98.12. 36,455,451 shares of the company were exchanged, compared to its average volume of 30,029,047. The stock has a market capitalization of $88.36 billion, a price-to-earnings ratio of 47.40, a price-to-earnings-growth ratio of 2.33 and a beta of 2.35. The company has a 50-day moving average price of $80.09 and a 200 day moving average price of $92.02. Robinhood Markets, Inc. has a 1-year low of $63.51 and a 1-year high of $153.86.

Robinhood Markets (NASDAQ:HOODGet Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share 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 analyst estimates of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 earnings per share. Research analysts forecast that Robinhood Markets, Inc. will post 1.83 EPS for the current year.

Institutional Investors Weigh In On Robinhood Markets

Institutional investors have recently made changes to their positions in the stock. CYBER HORNET ETFs LLC lifted its holdings in shares of Robinhood Markets by 527.8% in the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after acquiring an additional 190 shares during the last quarter. MV Capital Management Inc. acquired a new stake in Robinhood Markets in the 4th quarter valued at approximately $27,000. Swiss RE Ltd. acquired a new stake in Robinhood Markets in the 4th quarter valued at approximately $27,000. Elyxium Wealth LLC acquired a new stake in Robinhood Markets in the 4th quarter valued at approximately $27,000. Finally, Sound Income Strategies LLC increased its holdings in Robinhood Markets by 152.6% in the 4th quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock valued at $26,000 after purchasing an additional 145 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets News Roundup

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Citigroup restated a “market outperform” rating on shares of Robinhood Markets in a report on Thursday, May 28th. Morgan Stanley cut their price target on shares of Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. JPMorgan Chase & Co. cut their price target on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Wall Street Zen upgraded shares of Robinhood Markets from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $130.00 price target on shares of Robinhood Markets in a report on Tuesday, April 14th. Eighteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $110.73.

View Our Latest Stock Report on HOOD

Robinhood Markets Company Profile

(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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