Coinbase Global, Inc. (NASDAQ:COIN) Director Frederick Ernest Ehrsam III Sells 16,380 Shares

Coinbase Global, Inc. (NASDAQ:COIN) Director Frederick Ernest Ehrsam III sold 16,380 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $232.37, for a total value of $3,806,220.60. Following the completion of the sale, the director now directly owns 4,662 shares of the company’s stock, valued at approximately $1,083,308.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Frederick Ernest Ehrsam III also recently made the following trade(s):

• On Wednesday, April 17th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The stock was sold at an average price of $213.99, for a total transaction of $3,505,156.20.
• On Monday, April 8th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The shares were sold at an average price of $256.19, for a total transaction of $4,196,392.20.
• On Tuesday, April 2nd, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The stock was sold at an average price of $243.30, for a total transaction of $3,985,254.00.
• On Tuesday, March 26th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The stock was sold at an average price of $274.97, for a total value of $4,504,008.60.
• On Friday, March 15th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The shares were sold at an average price of $238.51, for a total value of $3,906,793.80.
• On Tuesday, March 5th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The stock was sold at an average price of $226.32, for a total value of $3,707,121.60.
• On Monday, February 26th, Frederick Ernest Ehrsam III sold 8,735 shares of Coinbase Global stock. The shares were sold at an average price of $186.00, for a total transaction of $1,624,710.00.
• On Wednesday, February 7th, Frederick Ernest Ehrsam III sold 82,130 shares of Coinbase Global stock. The stock was sold at an average price of $119.73, for a total transaction of $9,833,424.90.
• On Wednesday, January 31st, Frederick Ernest Ehrsam III sold 97,836 shares of Coinbase Global stock. The shares were sold at an average price of $131.57, for a total transaction of $12,872,282.52.

Coinbase Global Price Performance

Shares of COIN traded down $0.76 during trading hours on Thursday, reaching $223.61. 5,119,559 shares of the stock traded hands, compared to its average volume of 13,568,734. The company has a market cap of $54.17 billion, a P/E ratio of 831.00 and a beta of 3.41. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $229.46 and its two-hundred day moving average price is $159.37. Coinbase Global, Inc. has a 52-week low of $46.43 and a 52-week high of $283.48.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, February 15th. The cryptocurrency exchange reported $1.04 EPS for the quarter, beating 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 business had revenue of $953.80 million for the quarter, compared to the consensus estimate of $826.10 million. During the same period in the previous year, the business earned ($2.46) earnings per share. The business’s revenue was up 51.6% on a year-over-year basis. On average, analysts anticipate that Coinbase Global, Inc. will post 2.43 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Oppenheimer raised their target price on shares of Coinbase Global from $200.00 to $276.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Sanford C. Bernstein lifted their price objective on Coinbase Global from $80.00 to $200.00 and gave the company a “market perform” rating in a research note on Thursday, April 18th. Raymond James raised Coinbase Global from an “underperform” rating to a “market perform” rating in a research note on Tuesday, March 12th. Citigroup lifted their price target on Coinbase Global from $90.00 to $151.00 and gave the stock a “neutral” rating in a research report on Friday, January 19th. Finally, 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 research report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $165.43.

Institutional Trading of Coinbase Global

A number of institutional investors and hedge funds have recently bought and sold shares of COIN. Barrett & Company Inc. purchased a new position in shares of Coinbase Global in the fourth quarter valued at $26,000. Creekmur Asset Management LLC purchased a new position in shares of Coinbase Global in the 4th quarter worth approximately $27,000. Mather Group LLC. bought a new position in Coinbase Global during the first quarter valued at $32,000. AlphaMark Advisors LLC purchased a new stake in shares of Coinbase Global in the fourth quarter valued at $33,000. Finally, Signature Resources Capital Management LLC purchased a new position in shares of Coinbase Global during the 4th quarter worth about $39,000. 68.84% of the stock is currently owned by 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.