Sunday, June 26, 2022

Insider Selling: Warnick Jason, Robinhood Markets Inc. [HOOD] Chief Financial Officer divested 20,000 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Robinhood Markets Inc. shares valued at $170,534 were sold by Warnick Jason on Jun 08. At $8.53 per share, Warnick Jason sold 20,000 shares. The insider’s holdings dropped to 426,407 shares worth approximately $3.19 million following the completion of this transaction.

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Also, Gallagher Daniel Martin Jr sold 27,181 shares, netting a total of over 269,959 in proceeds. Following the sale of shares at $9.93 each, the insider now holds 257,316 shares.

Before that, SANDELL SCOTT D had sold 8,792 shares from its account. In a trade valued at $73,941, the Director traded Robinhood Markets Inc. shares for $8.41 each. Upon closing the transaction, the insider’s holdings decreased to 8,792 shares, worth approximately $0.0.

As published in a research note from Atlantic Equities on June 15, 2022, Robinhood Markets Inc. [HOOD] has been rated down from a Neutral to an Underweight and the price target has been revised to $5 from $15. This represents a -49.8% premium over Wednesday’s closing price. Analysts at Goldman downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in early April. As of March 30, 2022, Morgan Stanley has initiated its “an Equal-weight” rating for HOOD. Earlier on January 31, 2022, Citigroup resumed its rating. Their recommendation was “a Buy” for HOOD stock.

Analyzing HOOD’s Price Performance

On Wednesday, Robinhood Markets Inc. [NASDAQ: HOOD] plunged -0.79% to $7.49. The stock’s lowest price that day was $7.28, but it reached a high of $7.73 in the same session. During the last five days, there has been a surge of approximately 3.60%. Over the course of the year, Robinhood Markets Inc. shares have dropped approximately -57.83%. A 50-day SMA is recorded $9.55, while a 200-day SMA reached $20.59. Nevertheless, trading volume fell to 15.35 million shares from 19.62 million shares the previous day.

Support And Resistance Levels for Robinhood Markets Inc. (HOOD)

According to the 24-hour chart, there is a support level at 7.27, which, if violated, would cause prices to drop to 7.05. In the upper region, resistance lies at 7.72. The next price resistance is at 7.95. RSI (Relative Strength Index) is 38.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.56, which suggests the price will decrease in the coming days. Percent R is at 77.26%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Robinhood Markets Inc. subject to short interest?

Stocks of Robinhood Markets Inc. saw a sharp steep in short interest on Apr 28, 2022 dropping by -2.71 million shares to 59.54 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 62.25 million shares. A decline of -4.55% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.8 of the overall float, the days-to-cover ratio (short ratio) decline to 2.8.

Which companies own the most shares of Robinhood Markets Inc. (HOOD)?

According to The Vanguard Group, Inc. filings, the company currently owns 40,044,276 shares, which is about 5.38% of the total HOOD shares outstanding. The investor’s shares have appreciated by 39,617,543 from its previous 13-F filing of 426733.0 shares. With the completion of the buy, ARK Investment Management LLC’s stake is now worth $305,354,329. Nikko Asset Management Americas, acquire a 57.97% interest valued at $230.63 million while Iconiq Capital LLC sold a -9,386,388 stake. A total of -281,954 shares of Robinhood Markets Inc. were sold by D1 Capital Partners LP during the quarter, and 4,453,089 were bought by Morgan Stanley & Co. LLC. In its current portfolio, Renaissance Technologies LLC holds 3,922,000 shares valued at $39.46 million.

In terms of Robinhood Markets Inc. share price expectations, FactSet research, analysts set an average price target of $12.46 in the next 12 months, up nearly 49.01% from the previous closing price of $7.55. Analysts anticipate Robinhood Markets Inc. stock to reach $36.00 by 2022, with the lowest price target being $5.00. In spite of this, 15 analysts ranked Robinhood Markets Inc. stock as a Hold at the end of 2022. On January 31, 2022, BofA Securities assigned a price target of “an Underperform” to the stock and reiterated coverage with a $13.

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