Jason Warnick Sells 5,000 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CFO Jason Warnick sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $16.72, for a total transaction of $83,600.00. Following the transaction, the chief financial officer now owns 997,407 shares of the company’s stock, valued at approximately $16,676,645.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Jason Warnick also recently made the following trade(s):

• On Monday, April 1st, Jason Warnick sold 5,000 shares of Robinhood Markets stock. The shares were sold at an average price of $19.59, for a total transaction of $97,950.00.
• On Friday, March 1st, Jason Warnick sold 5,000 shares of Robinhood Markets stock. The shares were sold at an average price of $16.47, for a total transaction of $82,350.00.
• On Monday, February 12th, Jason Warnick sold 5,000 shares of Robinhood Markets stock. The shares were sold at an average price of $12.00, for a total transaction of $60,000.00.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD opened at $17.95 on Friday. The company has a market cap of $15.70 billion, a PE ratio of -29.92 and a beta of 1.74. Robinhood Markets, Inc. has a 12 month low of $7.91 and a 12 month high of $20.55. The company has a 50-day simple moving average of $17.70 and a 200-day simple moving average of $13.19.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $471.00 million during the quarter, compared to the consensus estimate of $454.73 million. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. The company’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.19) earnings per share. On average, analysts anticipate that Robinhood Markets, Inc. will post 0.29 EPS for the current year.

Institutional Investors Weigh In On Robinhood Markets

Institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new stake in Robinhood Markets in the first quarter valued at approximately $34,000. Spire Wealth Management purchased a new stake in Robinhood Markets in the fourth quarter valued at approximately $26,000. PNC Financial Services Group Inc. grew its holdings in Robinhood Markets by 46.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock valued at $29,000 after purchasing an additional 722 shares during the period. Peoples Bank KS purchased a new stake in Robinhood Markets in the third quarter valued at approximately $29,000. Finally, UniSuper Management Pty Ltd purchased a new stake in Robinhood Markets in the third quarter valued at approximately $30,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HOOD has been the subject of a number of recent research reports. The Goldman Sachs Group increased their price target on shares of Robinhood Markets from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Morgan Stanley increased their price target on shares of Robinhood Markets from $11.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. TheStreet upgraded shares of Robinhood Markets from a “d+” rating to a “c-” rating in a research note on Wednesday, February 28th. Keefe, Bruyette & Woods initiated coverage on shares of Robinhood Markets in a research note on Wednesday, April 3rd. They set a “market perform” rating and a $20.00 price target for the company. Finally, Piper Sandler increased their price target on shares of Robinhood Markets from $12.50 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $18.88.

About Robinhood Markets

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.