Robinhood Markets (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner Sells 5,865 Shares

by · The Cerbat Gem

Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report) CTO Jeffrey Tsvi Pinner sold 5,865 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $99.83, for a total transaction of $585,502.95. Following the sale, the chief technology officer owned 23,680 shares of the company’s stock, valued at $2,363,974.40. The trade was a 19.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Jeffrey Tsvi Pinner also recently made the following trade(s):

  • On Friday, July 25th, Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock. The shares were sold at an average price of $104.73, for a total transaction of $614,136.72.
  • On Monday, July 7th, Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock. The shares were sold at an average price of $93.51, for a total transaction of $548,342.64.
  • On Friday, June 20th, Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock. The shares were sold at an average price of $77.82, for a total transaction of $456,336.48.

Robinhood Markets Stock Performance

Shares of Robinhood Markets stock opened at $117.75 on Friday. The firm has a fifty day moving average of $105.58 and a two-hundred day moving average of $72.98. The stock has a market capitalization of $104.64 billion, a price-to-earnings ratio of 59.77, a PEG ratio of 4.30 and a beta of 2.36. Robinhood Markets, Inc. has a 52 week low of $20.67 and a 52 week high of $123.44.

Robinhood Markets (NASDAQ:HOOD – Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.30 by $0.12. The company had revenue of $989.00 million during the quarter, compared to analysts’ expectations of $893.93 million. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. The business’s revenue for the quarter was up 45.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. As a group, research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analysts Set New Price Targets

HOOD has been the topic of several research analyst reports. Morgan Stanley raised their price objective on Robinhood Markets from $43.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 15th. Redburn Atlantic reaffirmed a “sell” rating and set a $48.00 price objective (up previously from $40.00) on shares of Robinhood Markets in a research note on Monday, June 9th. JMP Securities raised their price objective on Robinhood Markets from $125.00 to $130.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 31st. KeyCorp raised their price objective on Robinhood Markets from $60.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Finally, Needham & Company LLC raised their price objective on Robinhood Markets from $71.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Robinhood Markets has an average rating of “Moderate Buy” and a consensus target price of $101.88.

Read Our Latest Research Report on HOOD

Institutional Trading of Robinhood Markets

Hedge funds and other institutional investors have recently modified their holdings of the company. Hantz Financial Services Inc. raised its stake in shares of Robinhood Markets by 120.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after purchasing an additional 148 shares during the period. Smithfield Trust Co acquired a new stake in shares of Robinhood Markets in the 2nd quarter valued at about $29,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Robinhood Markets in the 2nd quarter valued at about $34,000. V Square Quantitative Management LLC acquired a new stake in shares of Robinhood Markets in the 2nd quarter valued at about $36,000. Finally, LGT Financial Advisors LLC acquired a new stake in shares of Robinhood Markets in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

About Robinhood Markets

(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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