Coinbase Global, Inc. (NASDAQ:COIN) COO Sells $1,857,920.00 in Stock

Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi sold 8,000 shares of Coinbase Global stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $232.24, for a total transaction of $1,857,920.00. Following the transaction, the chief operating officer now directly owns 197,971 shares in the company, valued at approximately $45,976,785.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 transaction of $335,925.00.
• On Friday, June 14th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $246.16, for a total transaction of $369,240.00.
• On Tuesday, May 14th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $195.90, for a total transaction of $293,850.00.
• On Tuesday, April 30th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $215.00, for a total transaction of $322,500.00.
• On Monday, April 15th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $248.00, for a total transaction of $372,000.00.

Coinbase Global Trading Down 1.1 %

COIN stock opened at $224.94 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.52. Coinbase Global, Inc. has a twelve month low of $69.63 and a twelve month high of $283.48. The stock has a market capitalization of $55.24 billion, a price-to-earnings ratio of 44.90 and a beta of 3.40. The firm’s fifty day simple moving average is $227.71 and its two-hundred day simple moving average is $203.62.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data on Thursday, May 2nd. The cryptocurrency exchange reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.61. Coinbase Global had a net margin of 33.98% and a return on equity of 9.42%. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.26 billion. As a group, analysts anticipate that Coinbase Global, Inc. will post 5.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Mizuho boosted their target price on shares of Coinbase Global from $84.00 to $145.00 and gave the stock an “underperform” rating in a report on Friday, April 12th. Singular Research reissued a “buy” rating on shares of Coinbase Global in a report on Wednesday, May 8th. Barclays boosted their target price on shares of Coinbase Global from $179.00 to $204.00 and gave the stock an “underweight” rating in a report on Monday, May 6th. The Goldman Sachs Group lowered their target price on shares of Coinbase Global from $295.00 to $255.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Finally, Oppenheimer boosted their target price on shares of Coinbase Global from $276.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Coinbase Global presently has an average rating of “Hold” and a consensus target price of $215.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Barrett & Company Inc. bought a new position in shares of Coinbase Global in the fourth quarter worth about $26,000. Creekmur Asset Management LLC bought a new position in shares of Coinbase Global in the fourth quarter worth about $27,000. Concord Wealth Partners grew its holdings in shares of Coinbase Global by 322.2% in the first quarter. Concord Wealth Partners now owns 114 shares of the cryptocurrency exchange’s stock worth $30,000 after purchasing an additional 87 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Coinbase Global by 833.3% in the first quarter. Geneos Wealth Management Inc. now owns 112 shares of the cryptocurrency exchange’s stock worth $30,000 after purchasing an additional 100 shares during the last quarter. Finally, Mather Group LLC. bought a new position in shares of Coinbase Global in the first quarter worth about $32,000. Institutional investors own 68.84% of the company’s stock.

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.