Coinbase Global, Inc. (NASDAQ:COIN) COO Sells $243,360.00 in Stock

Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi sold 1,500 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $162.24, for a total value of $243,360.00. Following the transaction, the chief operating officer now directly owns 187,601 shares of the company’s stock, valued at $30,436,386.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, September 3rd, Emilie Choi sold 8,000 shares of Coinbase Global stock. The stock was sold at an average price of $176.09, for a total transaction of $1,408,720.00.
• On Friday, August 30th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $188.94, for a total transaction of $283,410.00.
• On Wednesday, July 31st, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $233.00, for a total value of $349,500.00.
• 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 transaction of $344,550.00.
• 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 transaction 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.

Coinbase Global Trading Up 0.6 %

COIN stock traded up $0.95 during mid-day trading on Tuesday, reaching $162.45. 5,214,987 shares of the stock traded hands, compared to its average volume of 10,538,784. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.03 and a current ratio of 1.03. Coinbase Global, Inc. has a one year low of $69.63 and a one year high of $283.48. The stock has a market capitalization of $39.89 billion, a PE ratio of 32.98 and a beta of 3.36. The business has a 50-day moving average price of $203.02 and a two-hundred day moving average price of $223.11.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings results on Thursday, August 1st. The cryptocurrency exchange reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.93). Coinbase Global had a return on equity of 13.89% and a net margin of 31.46%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company posted ($0.42) earnings per share. The company’s revenue for the quarter was up 104.8% on a year-over-year basis. Equities research analysts expect that Coinbase Global, Inc. will post 3.96 EPS for the current year.

Institutional Investors Weigh In On Coinbase Global

Large investors have recently modified their holdings of the business. Salem Investment Counselors Inc. grew its stake in Coinbase Global by 162.9% during the 1st quarter. Salem Investment Counselors Inc. now owns 184 shares of the cryptocurrency exchange’s stock worth $49,000 after buying an additional 114 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Coinbase Global by 454.3% during the 1st quarter. Intech Investment Management LLC now owns 40,556 shares of the cryptocurrency exchange’s stock worth $10,752,000 after buying an additional 33,240 shares during the period. Paragon Capital Management Ltd raised its position in Coinbase Global by 58.6% during the first quarter. Paragon Capital Management Ltd now owns 231,660 shares of the cryptocurrency exchange’s stock worth $61,418,000 after acquiring an additional 85,573 shares during the period. QRG Capital Management Inc. lifted its stake in Coinbase Global by 130.5% in the 2nd quarter. QRG Capital Management Inc. now owns 9,703 shares of the cryptocurrency exchange’s stock valued at $2,156,000 after buying an additional 5,493 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its position in shares of Coinbase Global by 93.5% in the first quarter. Edgestream Partners L.P. now owns 14,793 shares of the cryptocurrency exchange’s stock valued at $3,922,000 after acquiring an additional 7,148 shares in the last quarter. Institutional investors own 68.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Needham & Company LLC restated a “buy” rating and issued a $260.00 target price on shares of Coinbase Global in a research note on Monday, August 5th. The Goldman Sachs Group reduced their target price on shares of Coinbase Global from $255.00 to $215.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Canaccord Genuity Group reiterated a “buy” rating and set a $280.00 price objective on shares of Coinbase Global in a research note on Friday, August 2nd. Citigroup upgraded shares of Coinbase Global from a “neutral” rating to a “buy” rating and increased their target price for the stock from $260.00 to $345.00 in a research note on Tuesday, July 23rd. Finally, Bank of America dropped their price target on Coinbase Global from $263.00 to $246.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $246.06.

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.