Coinbase Global, Inc. (NASDAQ:COIN) CFO Sells $1,039,668.00 in Stock

Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia J. Haas sold 4,200 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $247.54, for a total value of $1,039,668.00. Following the sale, the chief financial officer now owns 192,622 shares of the company’s stock, valued at $47,681,649.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Coinbase Global Stock Down 3.2 %

Shares of Coinbase Global stock opened at $211.01 on Friday. The business has a 50-day moving average of $224.69 and a 200-day moving average of $155.57. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $51.12 billion, a PE ratio of 781.52 and a beta of 3.41. Coinbase Global, Inc. has a 1-year low of $46.43 and a 1-year high of $283.48.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, February 15th. The cryptocurrency exchange reported $1.04 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $1.13. The company had revenue of $953.80 million during the quarter, compared to the consensus estimate of $826.10 million. Coinbase Global had a return on equity of 3.54% and a net margin of 3.05%. The company’s revenue was up 51.6% on a year-over-year basis. During the same period last year, the firm earned ($2.46) earnings per share. As a group, equities analysts forecast that Coinbase Global, Inc. will post 2.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on COIN. Barclays upped their price objective on Coinbase Global from $146.00 to $179.00 and gave the stock an “underweight” rating in a report on Monday, April 8th. Bank of America upped their price objective on Coinbase Global from $92.00 to $110.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. Citigroup upped their price objective on Coinbase Global from $90.00 to $151.00 and gave the stock a “neutral” rating in a report on Friday, January 19th. HC Wainwright increased their price target on Coinbase Global from $115.00 to $250.00 and gave the company a “buy” rating in a report on Friday, February 16th. Finally, Piper Sandler increased their price target on Coinbase Global from $225.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $165.43.

Hedge Funds Weigh In On Coinbase Global

A number of hedge funds have recently bought and sold shares of the company. Fountainhead AM LLC grew its stake in Coinbase Global by 2.1% in the fourth quarter. Fountainhead AM LLC now owns 3,957 shares of the cryptocurrency exchange’s stock worth $688,000 after purchasing an additional 81 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Coinbase Global by 0.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,726 shares of the cryptocurrency exchange’s stock worth $2,561,000 after purchasing an additional 81 shares in the last quarter. Arkadios Wealth Advisors grew its stake in Coinbase Global by 2.6% in the fourth quarter. Arkadios Wealth Advisors now owns 3,395 shares of the cryptocurrency exchange’s stock worth $590,000 after purchasing an additional 86 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in Coinbase Global by 2.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 3,849 shares of the cryptocurrency exchange’s stock worth $669,000 after purchasing an additional 90 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in Coinbase Global by 34.5% in the fourth quarter. Larson Financial Group LLC now owns 351 shares of the cryptocurrency exchange’s stock worth $61,000 after purchasing an additional 90 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

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.