Robinhood Markets, Inc. (NASDAQ:HOOD – Get Rating) was the target of some unusual options trading on Thursday. Investors acquired 143,488 call options on the stock. This is an increase of approximately 34% compared to the average daily volume of 107,108 call options.
Insider Activity at Robinhood Markets
In other news, Director Scott D. Sandell sold 8,792 shares of Robinhood Markets stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $8.41, for a total value of $73,940.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Vladimir Tenev sold 118,142 shares of the company’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $9.10, for a total transaction of $1,075,092.20. Following the completion of the sale, the chief executive officer now directly owns 1,383,006 shares of the company’s stock, valued at $12,585,354.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Scott D. Sandell sold 8,792 shares of the stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $8.41, for a total value of $73,940.72. The disclosure for this sale can be found here. Insiders sold 332,249 shares of company stock valued at $3,038,560 over the last 90 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in shares of Robinhood Markets in the fourth quarter valued at $27,000. Covestor Ltd bought a new stake in Robinhood Markets in the 1st quarter valued at $28,000. Prospera Financial Services Inc acquired a new position in shares of Robinhood Markets in the 1st quarter valued at $29,000. CWM LLC bought a new position in shares of Robinhood Markets during the 2nd quarter worth about $33,000. Finally, Kellogg W K Foundation Trust acquired a new stake in shares of Robinhood Markets during the 4th quarter valued at about $46,000. Institutional investors own 64.46% of the company’s stock.
Analysts Set New Price Targets
Robinhood Markets Price Performance
NASDAQ:HOOD opened at $10.40 on Friday. Robinhood Markets has a one year low of $6.81 and a one year high of $60.88. The company has a fifty day moving average price of $8.64 and a 200 day moving average price of $10.75. The stock has a market cap of $9.07 billion and a P/E ratio of -1.19.
Robinhood Markets Company Profile
Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company also offers various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is a collection of approximately articles, including guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron's, Reuters, and The Wall Street Journal; lists and alerts, which allow users to create custom watchlists and alerts to monitor securities, ETFs, and cryptocurrencies, as well as cash management services; and offers First trade recommendations to all new customers who have yet to place a trade.
- Get a free copy of the StockNews.com research report on Robinhood Markets (HOOD)
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