Unusual put option trade on Robinhood Markets Inc – (HOOD) worth $1,050.44,000

On May 19, 2023 at 11:51:14 a.m. ET, an unusually large $1,050.44k block of put contracts on Robinhood Markets Inc – (HOOD) was sold, with a strike price of 9.00 $/share, expiring in 0 day(s) (May 19, 2023). Fintel tracks all large option trades, and the premium spent on this trade was 13.24 sigma above the average, placing it in the 100.00th percentile of all recent large trades in HOOD options. .

This trade was first detected on Fintel’s real-time options feed tool, where unusual options trades are highlighted.

What is 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% over the last quarter. Average portfolio weight of all funds dedicated to HOOD is 1.23%, an increase of 4.20%. The total number of shares held by institutions has decreased by 0.22% over the past three months to 579,857,000 shares. HOOD’s put/call ratio is 0.58, indicating a bullish outlook.

Analyst price forecast suggests 37.95% upside

As of May 11, 2023, the one-year average price target for Robinhood Markets Inc – is 11.89. The forecast ranges from a low of 8.18 to a high of $26.25. The average price target represents a 37.95% increase from its last published closing price of 8.62.

Check out our ranking of companies with the biggest upward price target.

The expected annual revenue for Robinhood Markets Inc – is 1,926 million, an increase of 28.40%. Projected annual non-GAAP EPS is -0.46.

What are the other shareholders doing?

Index Venture Associates VI owns 65,106,000 shares representing 7.21% ownership of the company. No change in the last quarter.

Galileo holds 58,063,000 shares representing 6.43% ownership of the company. No change in the last quarter.

ARK Investment Management holds 31,734,000 shares representing 3.51% ownership of the company. In its previous filing, the company stated that it holds 29,245,000 shares, representing a raise of 7.84%. The company increase its portfolio allocation in HOOD by 2.65% in the last quarter.

Ribbit Capital GP II holds 26,501,000 shares representing 2.93% ownership of the company. In its previous filing, the company stated that it held 26,496,000 shares, representing a raise by 0.02%.

Sumitomo Mitsui Trust Holdings owns 24,315,000 shares representing 2.69% ownership of the company. In its previous filing, the company stated that it holds 20,593,000 shares, representing a raise of 15.31%. The company increase its portfolio allocation in HOOD by 32.54% in the last quarter.

General information about Robinhood Markets
(This description is provided by the company.)

Robinhood Markets, Inc. is an American financial services company based in Menlo Park, California, which facilitates commission-free trading of stocks, exchange-traded funds and cryptocurrencies through a mobile application launched in March 2015.

Key deposits for this company:

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.