Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi Sells 1,500 Shares

Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi sold 1,500 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $215.00, for a total value of $322,500.00. Following the completion of the transaction, the chief operating officer now directly owns 213,851 shares of the company’s stock, valued at approximately $45,977,965. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, April 15th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $248.00, for a total value of $372,000.00.
• 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 shares were sold at an average price of $130.29, for a total value of $91,203.00.

Coinbase Global Stock Performance

Shares of NASDAQ COIN traded up $18.76 during trading hours on Thursday, hitting $228.85. 12,408,834 shares of the company’s stock were exchanged, compared to its average volume of 13,326,748. The company’s 50-day moving average price is $234.06 and its 200-day moving average price is $164.32. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $55.44 billion, a price-to-earnings ratio of 845.07 and a beta of 3.46. Coinbase Global, Inc. has a 1-year low of $46.43 and a 1-year high of $283.48.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings results on Thursday, February 15th. The cryptocurrency exchange reported $1.04 EPS for the quarter, beating the consensus estimate of ($0.09) by $1.13. The firm had revenue of $953.80 million during the quarter, compared to analysts’ expectations of $826.10 million. Coinbase Global had a return on equity of 3.54% and a net margin of 3.05%. The company’s revenue for the quarter was up 51.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($2.46) EPS. On average, sell-side analysts expect that Coinbase Global, Inc. will post 2.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coinbase Global

Several large investors have recently added to or reduced their stakes in the company. Magnolia Capital Advisors LLC grew its stake in shares of Coinbase Global by 10.8% in the 1st quarter. Magnolia Capital Advisors LLC now owns 1,791 shares of the cryptocurrency exchange’s stock valued at $475,000 after purchasing an additional 174 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Coinbase Global by 6.4% in the 1st quarter. Daiwa Securities Group Inc. now owns 12,205 shares of the cryptocurrency exchange’s stock valued at $3,236,000 after purchasing an additional 733 shares during the period. Nordea Investment Management AB grew its stake in shares of Coinbase Global by 6.2% in the 1st quarter. Nordea Investment Management AB now owns 12,391 shares of the cryptocurrency exchange’s stock valued at $3,279,000 after purchasing an additional 726 shares during the period. Lincoln National Corp grew its stake in shares of Coinbase Global by 15.6% in the 1st quarter. Lincoln National Corp now owns 12,088 shares of the cryptocurrency exchange’s stock valued at $3,205,000 after purchasing an additional 1,632 shares during the period. Finally, Rockline Wealth Management LLC bought a new stake in shares of Coinbase Global in the 1st quarter valued at approximately $307,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on COIN. Wedbush boosted their price objective on Coinbase Global from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Needham & Company LLC boosted their price objective on Coinbase Global from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, January 8th. TheStreet raised Coinbase Global from a “d” rating to a “c-” rating in a research note on Friday, February 16th. Bank of America lifted their target price on Coinbase Global from $92.00 to $110.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. Finally, Citigroup lifted their target price on Coinbase Global from $90.00 to $151.00 and gave the company a “neutral” rating in a research note on Friday, January 19th. Three equities 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $167.81.

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.