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Robinhood Markets, Inc. has engaged in insider trading (NASDAQ:HOOD) An insider has sold 106,061 shares of stock.

Robinhood Markets, Inc. has engaged in insider trading (NASDAQ:HOOD) An insider has sold 106,061 shares of stock.

On Monday, January 9, Baiju Bhatt, an insider at Robinhood Markets, Inc. (NASDAQ: HOOD), sold 106,061 shares. The transaction was completed. The shares were purchased for a total of $904,700.33 during the sale, which comes out to $8.53 per share when divided by the total amount. As a result of the transaction, the corporate insider now owns 1,185,047 shares of the company’s stock, which are worth $10,108,450.91. The sale was made known to the general public through a document initially submitted to the SEC and then made available online by the SEC.

In addition, Baiju Bhatt has completed the following transaction(s) throughout the past few weeks:

HOOD’s share price ended the trading session at $8.76, an increase of $0.04 from where it began the day. In contrast to the average daily volume of trading, which is 6,204,129 shares, a total of 4,852,941 shares of the company’s stock were traded. The stock price has had a simple moving average of $9.17 for the past 50 days and a price of $9.58 for the past 200 days. Over the past 52 weeks, the price of Robinhood Markets, Inc. has ranged anywhere from $6.81 to $17.21, with an average trading price of $17.21. The share currently trades at a price that results in a price-to-earnings ratio of -1.20 and a beta value of 0.86. The stock has a market value of $7.77 billion at present.

On Wednesday, November 2, Robinhood Markets (NASDAQ: HOOD) made public the results of its most recent quarterly earnings report. The report was for the period ending September 30. The company reported that its quarterly earnings per share (EPS) came in at $0.20, which was $0.13 more than the average estimate of $0.33. The actual revenue for the quarter came in at $361 million, which is below the consensus expectation of $372.02 million for the quarter’s revenue. The return on equity for Robinhood Markets was negative by 11.92%, and the net margin for the company was negative by 149.53%. According to the projections provided by research professionals, Robinhood Markets, Inc.’s current financial year is expected to end with a loss of 1.12 cents per share.

Throughout the most recent few weeks, the shares of Hood have been the focus of commentary from several different market analysts. The target price that Citigroup has established for Robinhood Markets has decreased from $11.00 to $10.00 as a result of a research note that was published on December 12. In addition, they lowered their price target for the company’s stock and changed their rating from “buy” to “neutral.” Barclays rated the stock of Robinhood Markets as “underweight” and decreased their price objective for the company from $10.00 to $9.00 in a research report published on Monday, December 19. In a research note released on Tuesday, JMP Securities lowered their “market outperform” rating and their target price for Robinhood Markets, which had previously been set at $28.00. The new target price is $25.00. Deutsche Bank Aktiengesellschaft lowered their price target for Robinhood Markets shares from $10.00 to $9.00 as part of a research report that was made public on Wednesday. The Goldman Sachs Group lowered its price objective for Robinhood Markets shares from $12.50 to $9.00 and rated the company “neutral” in a research report published on Monday. The stock currently has a buy rating of four out of five, a hold rating of three, and a sell rating of three from the various financial analysts who have evaluated it. The information obtained from Bloomberg.com indicates that the stock is currently rated as having a consensus rating of “Hold” and has an average price target of $11.57. This information was obtained from the website.

Recently, institutional investors have changed the proportion of the company 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. added approximately $28,000 more to its holdings in Robinhood Markets during the first quarter as part of an investment to increase those holdings. Amalgamated Bank successfully increased its holdings in Robinhood Markets by 2.2% over the third quarter. 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 of 2018, Toroso Investments LLC expanded its portfolio of investments by 0.5% by purchasing additional shares of Robinhood Markets. Toroso Investments LLC has a direct ownership stake in the company amounting to 515,364 shares. The value of these shares has increased to $5,205,000 due to the addition of 2,372 additional shares during the most recent fiscal quarter. Currently, 58.81% of the company’s shares are owned by hedge funds and other institutional investors.

The Robinhood Markets, Inc. platform allows users in the United States to access various financial services. Using the company’s platform, customers can put their money into stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrency markets. Learn is a compilation of articles covering various subjects, including a financial dictionary, how-to guides, and step-by-step guides. Snack is a condensed version of the most important headlines in business news. In addition, the company provides a variety of learning and education solutions, including Snacks, Learn, and a financial dictionary. Snacks, which provide users with access to free premium news from websites such as Barron’s, Reuters, and The Wall Street Journal; Newsfeeds, which provide users with access to free premium news from websites such as Barron’s, Reuters, and The Wall Street Journal; Snacks, which provide users with access to free premium news from websites such as Barron’s, Reuters, and The Wall Street Journal; Snacks, which provide users with access to free premium Lists and Alerts, which give users the ability to create their watchlists and alerts to keep track of cryptocurrencies, ETFs, and securities;

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