Robinhood Baiju Bhatt manager sells $ 5 million in options before the fourth quarter profit – Robinhood (Nasdaq: Hood)

Robinhood Markets Inc. Cabbot exit Pigu Bhatt Options worth $ 5.03 million were sold on February 7, according to the report of the US Securities and Stock Exchange Committee, just days before the company’s fourth profits were announced on Wednesday.

What happened: The deal, which includes options at a price of $ 55.34 each, comes at a time when Robinhood is preparing to report what analysts expect to be a quarterly revenue. The shares of the company increased by more than 344 % during the past year, closing $ 53.34 on Tuesday.

Wall Street expects Robinhood that the fourth -quarter revenue will be 920.41 million dollars, which is nearly twice 471.0 million dollars for the same period last year. Analysts per share of 43 cents, a significant increase of 3 cents in the previous year.

The trading platform showed mixed results in the third quarter of 2024, lost revenue estimates, but it shows strong growth for users with a million new funds accounts and 1.5 million new investment accounts. The distinguished subscription service for the company, Robinhood Gold, reached 2.2 million subscribers after adding 860,000 new users in the third quarter.

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Why do it matterModern analysts’ actions that reflect optimism about the horizons of Robenol. Mizuho raised its target price to $ 65 from $ 60 on February 7, while maintaining a superior performance classification. The purpose of the consensus is between 17 analysts $ 44.63, as modern goals indicate more bullish capabilities.

The company won the estimates of profits in eight of the last ten circles and maintained profitability in five of the past six quarters, which represents a major shift in its financial performance.

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Disintegration: This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Beenzinga editors.