Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia J. Haas Sells 7,575 Shares of Stock

Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia J. Haas sold 7,575 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $200.00, for a total transaction of $1,515,000.00. Following the completion of the sale, the chief financial officer now directly owns 114,866 shares of the company’s stock, valued at approximately $22,973,200. This trade represents a 6.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Coinbase Global Trading Down 5.0 %

NASDAQ:COIN opened at $193.95 on Thursday. Coinbase Global, Inc. has a 12-month low of $146.12 and a 12-month high of $349.75. The firm has a market cap of $49.24 billion, a PE ratio of 20.42 and a beta of 3.66. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41. The stock has a fifty day moving average price of $243.66 and a 200 day moving average price of $241.88.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $2.93. Coinbase Global had a return on equity of 20.64% and a net margin of 39.34%. Sell-side analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on COIN shares. Piper Sandler upped their price objective on Coinbase Global from $285.00 to $310.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Barclays upped their price target on Coinbase Global from $282.00 to $328.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Rosenblatt Securities restated a “buy” rating and issued a $305.00 price objective on shares of Coinbase Global in a report on Wednesday. Sanford C. Bernstein raised shares of Coinbase Global to a “strong-buy” rating in a research note on Tuesday, March 18th. Finally, Canaccord Genuity Group boosted their price target on shares of Coinbase Global from $280.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Coinbase Global presently has an average rating of “Moderate Buy” and an average price target of $314.72.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in COIN. Mascagni Wealth Management Inc. purchased a new stake in shares of Coinbase Global during the 4th quarter worth $25,000. Copia Wealth Management acquired a new stake in Coinbase Global in the fourth quarter valued at $26,000. Wingate Wealth Advisors Inc. purchased a new stake in Coinbase Global during the 4th quarter worth about $27,000. Atala Financial Inc acquired a new position in shares of Coinbase Global during the 4th quarter worth about $27,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Coinbase Global by 365.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange’s stock worth $34,000 after acquiring an additional 106 shares in the last quarter. Hedge funds and other 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.