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

Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi sold 1,500 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $298.31, for a total transaction of $447,465.00. Following the completion of the transaction, the chief operating officer now owns 177,576 shares of the company’s stock, valued at approximately $52,972,696.56. This trade represents a 0.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Thursday, October 31st, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $203.30, for a total value of $304,950.00.
• On Monday, October 14th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $181.36, for a total value of $272,040.00.
• On Monday, September 30th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $179.69, for a total value of $269,535.00.
• On Friday, September 13th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $162.24, for a total transaction of $243,360.00.
• On Tuesday, September 3rd, Emilie Choi sold 8,000 shares of Coinbase Global stock. The shares were 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.

Coinbase Global Stock Performance

Shares of COIN stock opened at $310.98 on Thursday. The stock’s fifty day simple moving average is $219.83 and its 200-day simple moving average is $216.55. The company has a market capitalization of $77.85 billion, a price-to-earnings ratio of 53.07 and a beta of 3.34. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.48. Coinbase Global, Inc. has a 1-year low of $114.51 and a 1-year high of $341.75.

Coinbase Global (NASDAQ:COIN) last released its earnings results on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.13). The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Coinbase Global had a net margin of 29.76% and a return on equity of 14.81%. The company’s revenue was up 78.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) EPS. On average, sell-side analysts predict that Coinbase Global, Inc. will post 4.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Coinbase Global during the 3rd quarter valued at $94,000. Virtu Financial LLC acquired a new stake in Coinbase Global during the third quarter valued at $3,866,000. TD Private Client Wealth LLC purchased a new position in Coinbase Global in the third quarter valued at about $77,000. Sunbelt Securities Inc. increased its position in Coinbase Global by 25.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 696 shares of the cryptocurrency exchange’s stock worth $124,000 after purchasing an additional 143 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in shares of Coinbase Global by 17.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,772 shares of the cryptocurrency exchange’s stock worth $517,000 after purchasing an additional 402 shares in the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on COIN shares. Monness Crespi & Hardt assumed coverage on shares of Coinbase Global in a research note on Monday, October 28th. They set a “buy” rating and a $245.00 price objective on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a $280.00 price objective on shares of Coinbase Global in a research note on Thursday, October 31st. Mizuho upped their price objective on Coinbase Global from $160.00 to $178.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. Oppenheimer lifted their target price on Coinbase Global from $265.00 to $358.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Piper Sandler reissued a “neutral” rating and issued a $245.00 price target on shares of Coinbase Global in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $255.22.

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.