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Unusual Put Option Trade in Robinhood Markets Worth $1,050.44K
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On May 19, 2023 at 11:51:14 ET an unusually large $1,050.44K block of Put contracts in Robinhood Markets Inc – (HOOD) was sold, with a strike price of $9.00 / share, expiring in 0 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 13.24 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in HOOD options.
This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 485 funds or institutions reporting positions in Robinhood Markets Inc -. This is an increase of 3 owner(s) or 0.62% in the last quarter. Average portfolio weight of all funds dedicated to HOOD is 1.23%, an increase of 4.20%. Total shares owned by institutions decreased in the last three months by 0.22% to 579,857K shares. The put/call ratio of HOOD is 0.58, indicating a bullish outlook.
Analyst Price Forecast Suggests 37.95% Upside
As of May 11, 2023, the average one-year price target for Robinhood Markets Inc – is 11.89. The forecasts range from a low of 8.18 to a high of $26.25. The average price target represents an increase of 37.95% from its latest reported closing price of 8.62.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Robinhood Markets Inc – is 1,926MM, an increase of 28.40%. The projected annual non-GAAP EPS is -0.46.
What are Other Shareholders Doing?
Index Venture Associates VI holds 65,106K shares representing 7.21% ownership of the company. No change in the last quarter.
Galileo holds 58,063K shares representing 6.43% ownership of the company. No change in the last quarter.
ARK Investment Management holds 31,734K shares representing 3.51% ownership of the company. In it’s prior filing, the firm reported owning 29,245K shares, representing an increase of 7.84%. The firm increased its portfolio allocation in HOOD by 2.65% over the last quarter.
Ribbit Capital GP II holds 26,501K shares representing 2.93% ownership of the company. In it’s prior filing, the firm reported owning 26,496K shares, representing an increase of 0.02%.
Sumitomo Mitsui Trust Holdings holds 24,315K shares representing 2.69% ownership of the company. In it’s prior filing, the firm reported owning 20,593K shares, representing an increase of 15.31%. The firm increased its portfolio allocation in HOOD by 32.54% over the last quarter.
Robinhood Markets Background Information
(This description is provided by the company.)
Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California, that facilitates commission-free trades of stocks, exchange-traded funds and cryptocurrencies via a mobile app introduced in March 2015.
Key filings for this company:
This article originally appeared on Fintel
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