Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Robinhood Markets Inc. shares valued at $1,075,399 were sold by Tenev Vladimir on Aug 02. At $9.10 per share, Tenev Vladimir sold 118,142 shares. The insider’s holdings dropped to 1,383,006 shares worth approximately $15.05 million following the completion of this transaction.
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Also, Bhatt Baiju sold 118,134 shares, netting a total of over 1,075,397 in proceeds. Following the sale of shares at $9.10 each, the insider now holds 370,766 shares.
Before that, Warnick Jason had sold 20,000 shares from its account. In a trade valued at $180,026, the Chief Financial Officer traded Robinhood Markets Inc. shares for $9.00 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $4.64 million.
As published in a research note from Goldman on June 27, 2022, Robinhood Markets Inc. [HOOD] has been rated up from a Sell to a Neutral and the price target has been revised to $9.50 from $11.50. This represents a -14.53% premium over Thursday’s closing price. Analysts at Atlantic Equities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in mid June. As of April 08, 2022, Goldman has decreased its “Neutral” rating to a “Sell” for HOOD. Earlier on March 30, 2022, Morgan Stanley initiated its rating. Their recommendation was “an Equal-weight” for HOOD stock.
Analyzing HOOD’s Price Performance
On Thursday, Robinhood Markets Inc. [NASDAQ: HOOD] rose 5.53% to $10.88. The stock’s lowest price that day was $10.26, but it reached a high of $11.35 in the same session. During the last five days, there has been a surge of approximately 19.43%. Over the course of the year, Robinhood Markets Inc. shares have dropped approximately -38.74%. Shares of the company reached a 52-week high of $18.94 on 01/03/22 and a 52-week low of $6.81 on 06/16/22. A 50-day SMA is recorded $8.68, while a 200-day SMA reached $15.60. Nevertheless, trading volume fell to 27.82 million shares from 11.34 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 10.31, which, if violated, would cause prices to drop to 9.74. In the upper region, resistance lies at 11.40. The next price resistance is at 11.92. RSI (Relative Strength Index) is 71.43 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.90, which suggests the price will decrease in the coming days. Percent R is at 15.77%, indicating bullish price movement. Stochastics %K at selling 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 Jul 14, 2022 dropping by -11.48 million shares to 45.09 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 56.57 million shares. A decline of -25.46% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.22 of the overall float, the days-to-cover ratio (short ratio) decline to 2.22.
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 transaction, ARK Investment Management LLC’s stake is now worth $275,836,806. A total of -9,386,388 shares of Robinhood Markets Inc. were bought by Iconiq Capital LLC during the quarter, and -281,954 were sold by D1 Capital Partners LP. In its current portfolio, Morgan Stanley & Co. LLC holds 4,979,660 shares valued at $40.93 million.
In terms of Robinhood Markets Inc. share price expectations, FactSet research, analysts set an average price target of $11.31 in the next 12 months, down nearly -3.01% from the previous closing price of $10.31. Analysts anticipate Robinhood Markets Inc. stock to reach $28.00 by 2022, with the lowest price target being $5.00. In spite of this, 14 analysts ranked Robinhood Markets Inc. stock as a Hold at the end of 2022. On January 31, 2022, Citigroup assigned a price target of “a Buy” to the stock and reiterated coverage with a $24.