Coinbase Global, Inc. (NASDAQ:COIN) COO Sells $335,925.00 in Stock

Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi sold 1,500 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $223.95, for a total value of $335,925.00. Following the transaction, the chief operating officer now owns 205,971 shares of the company’s stock, valued at approximately $46,127,205.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, July 1st, Emilie Choi sold 8,000 shares of Coinbase Global stock. The stock was sold at an average price of $232.24, for a total value of $1,857,920.00.
• On Friday, June 14th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $246.16, for a total value of $369,240.00.
• On Tuesday, May 14th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $195.90, for a total value of $293,850.00.
• On Tuesday, April 30th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $215.00, for a total value of $322,500.00.
• 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.

Coinbase Global Stock Performance

Shares of NASDAQ COIN opened at $224.94 on Friday. The stock has a market cap of $55.24 billion, a price-to-earnings ratio of 44.90 and a beta of 3.40. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.52. Coinbase Global, Inc. has a 1-year low of $69.63 and a 1-year high of $283.48. The stock’s 50-day moving average is $227.71 and its 200 day moving average is $203.62.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings results on Thursday, May 2nd. The cryptocurrency exchange reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.61. Coinbase Global had a return on equity of 9.42% and a net margin of 33.98%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.26 billion. On average, sell-side analysts anticipate that Coinbase Global, Inc. will post 5.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on COIN. The Goldman Sachs Group dropped their price objective on Coinbase Global from $295.00 to $255.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Wedbush raised their price target on Coinbase Global from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Piper Sandler raised their price target on Coinbase Global from $225.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Canaccord Genuity Group raised their price target on Coinbase Global from $240.00 to $280.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, Keefe, Bruyette & Woods raised their price target on Coinbase Global from $230.00 to $240.00 and gave the company a “market perform” rating in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $215.50.

Hedge Funds Weigh In On Coinbase Global

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barrett & Company Inc. bought a new position in Coinbase Global during the 4th quarter worth approximately $26,000. Creekmur Asset Management LLC bought a new position in Coinbase Global during the 4th quarter worth approximately $27,000. Concord Wealth Partners grew its position in Coinbase Global by 322.2% during the 1st quarter. Concord Wealth Partners now owns 114 shares of the cryptocurrency exchange’s stock worth $30,000 after acquiring an additional 87 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Coinbase Global by 833.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 112 shares of the cryptocurrency exchange’s stock worth $30,000 after acquiring an additional 100 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in shares of Coinbase Global in the 1st quarter worth approximately $32,000. 68.84% of the stock is currently owned by institutional investors.

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.