Coinbase Global, Inc. (NASDAQ:COIN) COO Sells $349,500.00 in Stock

Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi sold 1,500 shares of Coinbase Global stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $233.00, for a total value of $349,500.00. Following the transaction, the chief operating officer now directly owns 194,971 shares of the company’s stock, valued at approximately $45,428,243. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, July 15th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $229.70, for a total value of $344,550.00.
• On Monday, July 1st, Emilie Choi sold 8,000 shares of Coinbase Global stock. The shares were sold at an average price of $232.24, for a total value of $1,857,920.00.
• On Friday, June 28th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $223.95, for a total value of $335,925.00.
• 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.

Coinbase Global Stock Performance

COIN stock traded down $8.20 during trading on Friday, reaching $204.44. The stock had a trading volume of 10,008,155 shares, compared to its average volume of 11,256,902. Coinbase Global, Inc. has a 52 week low of $69.63 and a 52 week high of $283.48. The stock’s 50 day moving average is $235.19 and its two-hundred day moving average is $213.68. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.52. The firm has a market cap of $50.20 billion, a PE ratio of 40.78 and a beta of 3.40.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, May 2nd. The cryptocurrency exchange reported $1.65 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.26 billion. As a group, equities analysts anticipate that Coinbase Global, Inc. will post 4.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. The Goldman Sachs Group lowered their price objective on Coinbase Global from $255.00 to $215.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Sanford C. Bernstein boosted their target price 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. Citigroup raised Coinbase Global from a “neutral” rating to a “buy” rating and boosted their target price for the company from $260.00 to $345.00 in a research note on Tuesday, July 23rd. HC Wainwright reduced their target price on Coinbase Global from $315.00 to $295.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Keefe, Bruyette & Woods upped their price target on Coinbase Global from $230.00 to $240.00 and gave the stock a “market perform” rating in a research note on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Coinbase Global has a consensus rating of “Hold” and an average target price of $245.27.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Barrett & Company Inc. purchased a new position in shares of Coinbase Global during the 4th quarter valued at about $26,000. Creekmur Asset Management LLC bought a new stake in Coinbase Global during the 4th quarter valued at approximately $27,000. Crewe Advisors LLC raised its stake in Coinbase Global by 547.4% during the 2nd quarter. Crewe Advisors LLC now owns 123 shares of the cryptocurrency exchange’s stock valued at $27,000 after purchasing an additional 104 shares during the period. Lynx Investment Advisory bought a new stake in Coinbase Global during the 2nd quarter valued at approximately $29,000. Finally, Concord Wealth Partners raised its stake in Coinbase Global by 322.2% during the 1st quarter. Concord Wealth Partners now owns 114 shares of the cryptocurrency exchange’s stock valued at $30,000 after purchasing an additional 87 shares during the period. 68.84% of the stock is 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.