On February 2, Baiju Bhatt, an employee working for Robinhood Markets, INC (NASDAQ: HOOD), sold 19,918 shares.
The shares were sold for a total price corresponding to an average price of 11.28 dollars per share.
This brings the total value of the shares to $224,675.04 per share.
After the completion of the transaction, the company insider now directly owns 65,981 shares of the company’s stock, which are worth $744,265.68.
The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence.
The documentation was provided to the SEC.
In addition, Baiju Bhatt has completed the following transaction(s) throughout the past few weeks:
On Friday, the NASDAQ: HOOD stock experienced a loss of $0.40 throughout the trading and finished the day at $10.74.
In total, 11,130,178 shares of the company’s stock were traded, which is significantly higher than the daily trading volume, typically around 7,544,649 shares.
The simple moving average price of the company’s shares over the past 50 days is $9.07, and the average price over the last 200 days is $9.71. Over the past year, the share price of Robinhood Markets, INC has fluctuated between $6.81 and $16.49, reaching a low of $6.81 and a high of $16.49.
On November 2, the results report for Robinhood Markets, which is publicly traded and can be found under the NASDAQ: HOOD, was made available to the public.
The company reported a loss in earnings per share of $0.20, which was $0.13 better than the consensus forecast among analysts, which was $0.33.
The company’s sales for the quarter came in at $361 million, which is lower than the $372.02 million that industry experts had anticipated they would be for the company. For Robinhood Markets, the return on equity for the company came in at 149.53%, and the net margin for the company was 11.92%.
Both of these figures were negative for the company.
According to the forecasts of market research professionals, Robinhood Markets, INC will finish the current fiscal year with a loss of 1.11 cents per share.
Due to recent occurrences, notable investors have adjusted the percentage of HOOD stock they own in their respective portfolios.
During the third quarter, CWM LLC successfully achieved a 22.8% increase in the percentage of ownership it holds in Robinhood Markets. CWM LLC now holds 4,879 shares of the company’s stock, which has a current value of $49,000 after purchasing an additional 906 shares during the most recent quarter.
During the third quarter, Commonwealth Equity Services LLC made a 3.8% purchase of additional Robinhood Markets stock, bringing the total percentage of that company’s shares it owned to 100%.
As a result of the recent acquisition of 1,082 additional shares in the company during the most recent fiscal quarter, Commonwealth Equity Services LLC now owns 29,314 shares in the company.
The total value of these shares is $296,000. Covestor Ltd increased its overall holdings during the first quarter by investing approximately $28,000 more in Robinhood Markets.
This contributed to an increase in the company’s overall holdings.
During the third quarter, Amalgamated Bank realized a 2.2% increase in the value of its holdings in the Robinhood Markets.
Amalgamated Bank has a total of 102,393 shares following the purchase of an additional 2,233 shares during the most recent quarter.
The combined value of all Amalgamated Bank’s company shares is currently $1,034,000.
And finally, during the third quarter, Toroso Investments LLC completed a 0.5% increase in the Robinhood Markets stock held in its portfolio.
After purchasing an additional 2,372 shares during the most recent quarter, Toroso Investments LLC now directly owns 5,205,000 shares of the company’s stock, which is $515,364 per share.
This brings the total number of shares of the company’s stock that the company’s direct owner controls to 5,205,00.
The company now owns 5,372 shares, bringing the total number of shares it holds to 5,372.
The total ownership stake in the company held by institutional investors equals 58.81% of the total number of shares outstanding.
Several analysts have recently offered their opinions on the Hood stock.
In a research note published on January 10, JMP Securities downgraded their “market outperformed” rating on Robinhood Markets and decreased their price target for the company from $28.00 to $25.00.
In addition, the price target for the company had previously been $28.00.
The price objective that Deutsche Bank Aktiengesellschaft has set for Robinhood Markets has been reduced from $10.00 to $9.00, as stated in a research report that was made public on January 11. On Wednesday, the report was made available to the public.
The price objective that KeyCorp has set for Robinhood Markets has been lowered from $13.00 to $12.00, as stated in a research report that was made available to the general public on Monday, January 9.
The “overweight” rating was another of the company’s bestowments upon the stock.
In a research note published on December 12, Citigroup decreased its target price for Robinhood Markets from $11.00 to $10.00 and downgraded the company’s rating from “buy” to “neutral.”
Last but not least, on Monday, January 9, The Goldman Sachs Group lowered its price objective for the company’s shares from $12.50 to $9.00 and assigned a “neutral” rating. Seven research professionals have provided the company with advice to buy, hold, or sell (from three analysts, five analysts, and two analysts, respectively), and the company has received these recommendations.
The current rating for Robinhood Markets among investors is “Hold,” The price target has been established at $11.17 per share, as reported by Bloomberg.
The Robinhood Markets, INC platform allows users in the United States to access various financial services. Using the platform that the company makes available, customers can invest in various asset classes, including equities, exchange-traded funds (ETFs), options, gold, and cryptocurrencies.
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