Coinbase Global, Inc. (NASDAQ:COIN) Director Purchases $380,048.90 in Stock

Coinbase Global, Inc. (NASDAQ:COIN) Director Tobias Lutke purchased 8,974 shares of the business’s stock in a transaction on Tuesday, November 22nd. The stock was purchased at an average cost of $42.35 per share, with a total value of $380,048.90. Following the completion of the acquisition, the director now owns 115,872 shares in the company, valued at $4,907,179.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Tobias Lutke also recently made the following trade(s):

  • On Tuesday, November 15th, Tobias Lutke acquired 6,952 shares of Coinbase Global stock. The stock was acquired at an average price of $55.00 per share, for a total transaction of $382,360.00.
  • On Tuesday, November 8th, Tobias Lutke bought 6,495 shares of Coinbase Global stock. The stock was acquired at an average price of $54.50 per share, for a total transaction of $353,977.50.
  • On Tuesday, November 1st, Tobias Lutke acquired 5,585 shares of Coinbase Global stock. The shares were acquired at an average cost of $68.99 per share, with a total value of $385,309.15.
  • On Tuesday, October 25th, Tobias Lutke bought 5,573 shares of Coinbase Global stock. The shares were bought at an average price of $66.96 per share, with a total value of $373,168.08.
  • On Tuesday, October 18th, Tobias Lutke purchased 5,349 shares of Coinbase Global stock. The stock was bought at an average cost of $72.90 per share, for a total transaction of $389,942.10.
  • On Tuesday, October 11th, Tobias Lutke bought 5,519 shares of Coinbase Global stock. The stock was bought at an average price of $67.61 per share, with a total value of $373,139.59.
  • On Tuesday, October 4th, Tobias Lutke purchased 5,610 shares of Coinbase Global stock. The shares were purchased at an average cost of $69.09 per share, with a total value of $387,594.90.
  • On Tuesday, September 27th, Tobias Lutke acquired 5,941 shares of Coinbase Global stock. The shares were purchased at an average cost of $65.29 per share, for a total transaction of $387,887.89.
  • On Tuesday, September 20th, Tobias Lutke purchased 5,291 shares of Coinbase Global stock. The shares were acquired at an average price of $68.19 per share, for a total transaction of $360,793.29.
  • On Tuesday, September 13th, Tobias Lutke acquired 4,482 shares of Coinbase Global stock. The stock was acquired at an average price of $75.39 per share, with a total value of $337,897.98.

Coinbase Global Stock Up 5.0 %

COIN stock traded up $2.18 during midday trading on Thursday, hitting $45.57. The company’s stock had a trading volume of 14,665,807 shares, compared to its average volume of 20,386,738. The firm’s 50-day moving average is $62.64 and its 200-day moving average is $65.46. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.60. Coinbase Global, Inc. has a 12 month low of $40.61 and a 12 month high of $331.70. The company has a market cap of $10.34 billion, a PE ratio of -7.51 and a beta of 2.50.

Coinbase Global (NASDAQ:COINGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The cryptocurrency exchange reported ($2.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.23) by ($0.20). Coinbase Global had a negative net margin of 24.25% and a negative return on equity of 20.19%. The business had revenue of $590.34 million for the quarter, compared to the consensus estimate of $642.76 million. On average, equities research analysts forecast that Coinbase Global, Inc. will post -11.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on COIN shares. BTIG Research decreased their target price on shares of Coinbase Global from $220.00 to $110.00 in a research report on Friday, November 4th. Keefe, Bruyette & Woods downgraded Coinbase Global from a “market perform” rating to an “underperform” rating and set a $45.00 price objective on the stock. in a report on Wednesday, August 10th. JMP Securities reduced their price target on Coinbase Global from $195.00 to $155.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 11th. JPMorgan Chase & Co. boosted their price objective on Coinbase Global from $60.00 to $66.00 and gave the company a “neutral” rating in a research report on Friday, November 4th. Finally, Wedbush decreased their target price on shares of Coinbase Global from $100.00 to $75.00 in a research note on Friday, November 4th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $89.17.

Institutional Trading of Coinbase Global

A number of large investors have recently made changes to their positions in the stock. Huntington National Bank lifted its position in Coinbase Global by 346.4% during the first quarter. Huntington National Bank now owns 683 shares of the cryptocurrency exchange’s stock valued at $130,000 after purchasing an additional 530 shares during the period. Gladstone Institutional Advisory LLC lifted its holdings in shares of Coinbase Global by 10.5% during the 1st quarter. Gladstone Institutional Advisory LLC now owns 2,638 shares of the cryptocurrency exchange’s stock valued at $501,000 after buying an additional 250 shares during the period. Brown Advisory Inc. boosted its stake in shares of Coinbase Global by 15.2% in the 1st quarter. Brown Advisory Inc. now owns 15,880 shares of the cryptocurrency exchange’s stock worth $3,015,000 after buying an additional 2,093 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Coinbase Global by 25.6% in the first quarter. Toronto Dominion Bank now owns 12,627 shares of the cryptocurrency exchange’s stock worth $2,397,000 after acquiring an additional 2,573 shares during the period. Finally, M&T Bank Corp purchased a new position in Coinbase Global in the second quarter worth about $209,000. 49.31% of the stock is currently owned by institutional investors.

Coinbase Global Company Profile

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Coinbase Global, Inc provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. The company offers the primary financial account in the cryptoeconomy for retailers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable ecosystem partners to build crypto-based applications and securely accept crypto assets as payment.

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