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 company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $248.00, for a total transaction of $372,000.00. Following the transaction, the chief operating officer now owns 215,351 shares in the company, valued at $53,407,048. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 transaction 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 transaction 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 transaction of $91,203.00.
• On Wednesday, January 31st, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $129.31, for a total transaction of $193,965.00.

Coinbase Global Stock Down 3.2 %

Shares of COIN stock opened at $211.01 on Friday. The firm has a fifty day moving average of $224.69 and a 200-day moving average of $155.57. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. Coinbase Global, Inc. has a 12-month low of $46.43 and a 12-month high of $283.48. The company has a market capitalization of $51.12 billion, a price-to-earnings ratio of 781.52 and a beta of 3.41.

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

Wall Street Analyst Weigh In

COIN has been the topic of several analyst reports. HC Wainwright increased their price objective on shares of Coinbase Global from $115.00 to $250.00 and gave the company a “buy” rating in a report on Friday, February 16th. Wedbush increased their price objective on shares of Coinbase Global from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, February 16th. TheStreet upgraded shares of Coinbase Global from a “d” rating to a “c-” rating in a report on Friday, February 16th. Keefe, Bruyette & Woods increased their price objective on shares of Coinbase Global from $160.00 to $230.00 and gave the company a “market perform” rating in a report on Wednesday, April 3rd. Finally, Oppenheimer increased their price objective on shares of Coinbase Global from $200.00 to $276.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Coinbase Global has a consensus rating of “Hold” and an average target price of $165.43.

Institutional Investors Weigh In On Coinbase Global

Several large investors have recently made changes to their positions in the stock. Ancora Advisors LLC grew its position in Coinbase Global by 144.0% in the fourth quarter. Ancora Advisors LLC now owns 737 shares of the cryptocurrency exchange’s stock valued at $26,000 after purchasing an additional 435 shares in the last quarter. Barrett & Company Inc. bought a new position in Coinbase Global in the fourth quarter valued at $26,000. Creekmur Asset Management LLC bought a new position in Coinbase Global in the fourth quarter valued at $27,000. Tyler Stone Wealth Management bought a new position in Coinbase Global in the second quarter valued at $31,000. Finally, Quarry LP bought a new position in Coinbase Global in the fourth quarter valued at $32,000. Institutional investors own 68.84% of the company’s stock.

About Coinbase Global

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.