Coinbase Global (NASDAQ:COIN) Director Sells $344,121.25 in Stock

Coinbase Global, Inc. (NASDAQ:COIN) Director Frederick Ernest Ehrsam III sold 1,375 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $250.27, for a total transaction of $344,121.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Frederick Ernest Ehrsam III also recently made the following trade(s):

  • On Wednesday, January 14th, Frederick Ernest Ehrsam III sold 2,750 shares of Coinbase Global stock. The shares were sold at an average price of $260.09, for a total value of $715,247.50.
  • On Monday, January 5th, Frederick Ernest Ehrsam III sold 1,375 shares of Coinbase Global stock. The shares were sold at an average price of $250.03, for a total value of $343,791.25.
  • On Thursday, December 18th, Frederick Ernest Ehrsam III sold 1,375 shares of Coinbase Global stock. The stock was sold at an average price of $252.82, for a total value of $347,627.50.
  • On Tuesday, December 9th, Frederick Ernest Ehrsam III sold 2,750 shares of Coinbase Global stock. The shares were sold at an average price of $280.27, for a total value of $770,742.50.
  • On Thursday, December 4th, Frederick Ernest Ehrsam III sold 4,125 shares of Coinbase Global stock. The shares were sold at an average price of $274.06, for a total value of $1,130,497.50.
  • On Thursday, November 20th, Frederick Ernest Ehrsam III sold 2,750 shares of Coinbase Global stock. The shares were sold at an average price of $260.33, for a total transaction of $715,907.50.
  • On Monday, November 10th, Frederick Ernest Ehrsam III sold 55,688 shares of Coinbase Global stock. The shares were sold at an average price of $321.81, for a total transaction of $17,920,955.28.
  • On Friday, November 7th, Frederick Ernest Ehrsam III sold 19,927 shares of Coinbase Global stock. The stock was sold at an average price of $288.77, for a total transaction of $5,754,319.79.
  • On Thursday, November 6th, Frederick Ernest Ehrsam III sold 277,074 shares of Coinbase Global stock. The stock was sold at an average price of $309.92, for a total value of $85,870,774.08.

Coinbase Global Stock Up 0.8%

NASDAQ COIN traded up $1.87 during trading on Friday, hitting $241.15. The company’s stock had a trading volume of 7,574,539 shares, compared to its average volume of 8,982,444. The business’s 50 day simple moving average is $258.13 and its 200-day simple moving average is $312.36. The company has a market cap of $65.02 billion, a PE ratio of 20.86 and a beta of 3.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40. Coinbase Global, Inc. has a fifty-two week low of $142.58 and a fifty-two week high of $444.64.

Coinbase Global (NASDAQ:COINGet Free Report) last released its earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.40. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the firm earned $0.28 EPS. Coinbase Global’s revenue was up 55.1% compared to the same quarter last year. On average, equities analysts anticipate that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

COIN has been the subject of a number of research reports. Rothschild & Co Redburn lowered their price target on Coinbase Global from $417.00 to $404.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Raymond James Financial reaffirmed a “market perform” rating on shares of Coinbase Global in a report on Thursday, January 8th. B. Riley increased their price target on shares of Coinbase Global from $185.00 to $243.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Sanford C. Bernstein reissued an “outperform” rating and set a $440.00 price target on shares of Coinbase Global in a research report on Tuesday, January 6th. Finally, China Renaissance dropped their price objective on shares of Coinbase Global from $479.30 to $301.50 and set a “buy” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $362.72.

View Our Latest Stock Report on COIN

Hedge Funds Weigh In On Coinbase Global

Several institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC lifted its position in shares of Coinbase Global by 24.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,119 shares of the cryptocurrency exchange’s stock valued at $365,000 after buying an additional 413 shares in the last quarter. Empowered Funds LLC lifted its holdings in Coinbase Global by 25.8% during the first quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange’s stock valued at $1,478,000 after purchasing an additional 1,761 shares in the last quarter. Focus Partners Wealth grew its position in shares of Coinbase Global by 9.9% in the first quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange’s stock valued at $896,000 after purchasing an additional 467 shares during the period. Inspire Investing LLC increased its stake in shares of Coinbase Global by 71.4% during the first quarter. Inspire Investing LLC now owns 1,789 shares of the cryptocurrency exchange’s stock worth $308,000 after purchasing an additional 745 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Coinbase Global by 225.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 423 shares of the cryptocurrency exchange’s stock worth $148,000 after purchasing an additional 293 shares during the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

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About Coinbase Global

(Get Free Report)

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.

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Insider Buying and Selling by Quarter for Coinbase Global (NASDAQ:COIN)

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