Insider Selling: Coinbase Global, Inc. (NASDAQ:COIN) COO Sells 1,500 Shares of Stock

Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi sold 1,500 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $229.70, for a total value of $344,550.00. Following the completion of the sale, the chief operating officer now owns 196,471 shares in the company, valued at $45,129,388.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• 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 stock was 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.
• 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.

Coinbase Global Price Performance

Shares of Coinbase Global stock traded down $2.04 during trading on Wednesday, hitting $249.45. 8,085,771 shares of the company were exchanged, compared to its average volume of 11,467,309. 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 fifty-two week low of $69.63 and a fifty-two week high of $283.48. The stock has a market capitalization of $61.26 billion, a price-to-earnings ratio of 50.20 and a beta of 3.40. The firm has a 50 day moving average price of $228.69 and a 200 day moving average price of $207.18.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data 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 firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.26 billion. On average, equities analysts expect that Coinbase Global, Inc. will post 5 earnings per share for the current fiscal year.

Institutional Trading of Coinbase Global

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barrett & Company Inc. purchased a new stake in Coinbase Global in the 4th quarter worth approximately $26,000. Creekmur Asset Management LLC purchased a new stake in Coinbase Global in the 4th quarter worth approximately $27,000. Lynx Investment Advisory purchased a new stake in Coinbase Global in the 2nd quarter worth approximately $29,000. Concord Wealth Partners grew its stake in Coinbase Global by 322.2% in 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 period. Finally, Geneos Wealth Management Inc. grew its stake in shares of Coinbase Global by 833.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 112 shares of the cryptocurrency exchange’s stock valued at $30,000 after buying an additional 100 shares during the period. 68.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Oppenheimer raised their price objective on Coinbase Global from $276.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Barclays lowered their price target on Coinbase Global from $204.00 to $196.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. Sanford C. Bernstein raised their price target on Coinbase Global from $80.00 to $200.00 and gave the stock a “market perform” rating in a report on Thursday, April 18th. Wedbush raised their price target on Coinbase Global from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Finally, The Goldman Sachs Group lowered their price target on Coinbase Global from $255.00 to $215.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $220.65.

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.