Robinhood CEO Vladimir Tenev Divests 250,000 Shares

Vladimir Tenev, the CEO of Robinhood Markets, Inc. (NASDAQ:HOOD), has reportedly sold a significant number of shares from the company. According to an official disclosure, Tenev offloaded 250,000 shares on May 6th at an average price of $17.93 each, amounting to a total transaction value of over $4.48 million.

Additional Share Sales by Tenev

Prior to this sale, there were other notable transactions by Tenev involving Robinhood Markets stock. On May 2nd, he disposed of 25,049 shares at an average price of $17.04, totaling around $426,834. Earlier sales on April 4th and March 4th both involved 250,000 shares at average prices of $18.67 and $16.76 respectively, each netting multimillion-dollar sums. A larger transaction on February 26th saw 500,000 shares sold at an average price of $15.12 for a total near $7.56 million.

Market Performance of Robinhood Markets

On a related note, Robinhood's stock opened at $17.30 recently, with a 52-week low and high range from $7.91 to $20.55. The company's market cap stands at approximately $15.13 billion, with price-to-earnings and beta figures at -28.83 and 1.74 respectively.

Robinhood's Quarterly Earnings

Robinhood reported favorable quarterly earnings on May 8th, with earnings per share (EPS) at $0.18, surpassing consensus estimates by $0.13. The business also reported a significant 40.1% revenue increase year-over-year.

Institutional Investors' Moves

Hedge funds and institutional investors have shown varied interest in HOOD stocks, with notable position changes by entities such as Bank of New York Mellon Corp and California Public Employees Retirement System. Banks and funds maneuvered their holdings, with some increasing their stakes and others initiating new positions in recent quarters.

Analyst Perspectives

Various equity research analysts have given their takes on Robinhood Markets' stock, with upgrades, downgrades, and adjustments to their price targets. Ratings range from 'sell' to 'hold' to 'buy' with an average price target hovering around $19.35.

About Robinhood Markets

Robinhood Markets, Inc. offers a digital financial services platform in the US, with a focus on providing investment opportunities in stocks, ETFs, cryptocurrencies, and more. The service is known for fractional and margin trading, as well as its participation in initial public offerings.

Robinhood, VladimirTenev, StockSale