Coinbase Global, Inc. (NASDAQ:COIN) COO Sells $372,000.00 in Stock

Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi sold 1,500 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $248.00, for a total value of $372,000.00. Following the sale, the chief operating officer now directly owns 215,351 shares in the company, valued at approximately $53,407,048. The sale was disclosed in a document filed with the SEC, which is available at this link.

Emilie Choi also recently made the following trade(s):

• On Thursday, March 28th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $260.00, for a total value of $390,000.00.
• On Thursday, March 14th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $245.00, for a total value of $367,500.00.
• On Friday, February 2nd, Emilie Choi sold 700 shares of Coinbase Global stock. The stock was sold at an average price of $130.29, for a total value of $91,203.00.
• On Wednesday, January 31st, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $129.31, for a total value of $193,965.00.

Coinbase Global Price Performance

Shares of Coinbase Global stock traded down $5.05 on Wednesday, hitting $213.78. The company’s stock had a trading volume of 9,423,899 shares, compared to its average volume of 14,044,888. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.03 and a current ratio of 1.03. Coinbase Global, Inc. has a 1 year low of $46.43 and a 1 year high of $283.48. The firm has a fifty day moving average price of $219.76 and a 200-day moving average price of $153.77. The company has a market capitalization of $51.79 billion, a price-to-earnings ratio of 786.41 and a beta of 3.41.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data on Thursday, February 15th. The cryptocurrency exchange reported $1.04 EPS for the quarter, topping the consensus estimate of ($0.09) by $1.13. Coinbase Global had a return on equity of 3.54% and a net margin of 3.05%. The company had revenue of $953.80 million during the quarter, compared to analyst estimates of $826.10 million. During the same period in the previous year, the business earned ($2.46) EPS. Coinbase Global’s quarterly revenue was up 51.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Coinbase Global, Inc. will post 2.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Raymond James raised Coinbase Global from an “underperform” rating to a “market perform” rating in a research report on Tuesday, March 12th. The Goldman Sachs Group raised Coinbase Global from a “sell” rating to a “neutral” rating in a research report on Friday, March 8th. Mizuho lifted their price objective on Coinbase Global from $84.00 to $145.00 and gave the company an “underperform” rating in a research note on Friday, April 12th. HC Wainwright lifted their price objective on Coinbase Global from $115.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Coinbase Global from $95.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $163.70.

Institutional Investors Weigh In On Coinbase Global

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Coinbase Global by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 14,281,280 shares of the cryptocurrency exchange’s stock worth $2,483,800,000 after purchasing an additional 408,046 shares during the last quarter. Morgan Stanley grew its position in shares of Coinbase Global by 18.5% in the third quarter. Morgan Stanley now owns 3,279,836 shares of the cryptocurrency exchange’s stock valued at $246,250,000 after purchasing an additional 511,397 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Coinbase Global by 3.2% in the first quarter. Geode Capital Management LLC now owns 2,341,989 shares of the cryptocurrency exchange’s stock valued at $158,083,000 after purchasing an additional 73,036 shares in the last quarter. Norges Bank purchased a new stake in shares of Coinbase Global in the fourth quarter valued at approximately $50,254,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Coinbase Global by 741.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,342,039 shares of the cryptocurrency exchange’s stock valued at $233,408,000 after purchasing an additional 1,182,556 shares in the last quarter. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Coinbase Global Company Profile

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.