Coinbase Global, Inc. (NASDAQ:COIN) COO Sells $335,925.00 in Stock

Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi sold 1,500 shares of the stock in a transaction on Friday, June 28th. The shares were sold at an average price of $223.95, for a total value of $335,925.00. Following the completion of the sale, the chief operating officer now owns 205,971 shares of the company’s stock, valued at approximately $46,127,205.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, July 1st, Emilie Choi sold 8,000 shares of Coinbase Global stock. The shares were sold at an average price of $232.24, for a total value of $1,857,920.00.
• On Friday, June 14th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $246.16, for a total value of $369,240.00.
• On Tuesday, May 14th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $195.90, for a total value of $293,850.00.
• On Tuesday, April 30th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $215.00, for a total value of $322,500.00.
• On Monday, April 15th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $248.00, for a total value of $372,000.00.

Coinbase Global Stock Performance

COIN stock traded down $5.86 during trading on Tuesday, reaching $227.51. 4,391,436 shares of the stock were exchanged, compared to its average volume of 11,792,904. Coinbase Global, Inc. has a twelve month low of $69.63 and a twelve month high of $283.48. The company has a market capitalization of $55.87 billion, a P/E ratio of 45.71 and a beta of 3.40. The stock has a 50 day simple moving average of $227.85 and a 200-day simple moving average of $202.76. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.52.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings results on Thursday, May 2nd. The cryptocurrency exchange reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.61. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Coinbase Global had a net margin of 33.98% and a return on equity of 9.42%. As a group, sell-side analysts anticipate that Coinbase Global, Inc. will post 5.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

COIN has been the subject of several recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $260.00 price objective on shares of Coinbase Global in a report on Wednesday, June 5th. Keefe, Bruyette & Woods increased their target price on shares of Coinbase Global from $230.00 to $240.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. JMP Securities reissued a “market outperform” rating and set a $320.00 target price on shares of Coinbase Global in a research report on Friday, May 3rd. Sanford C. Bernstein raised their price target on Coinbase Global from $80.00 to $200.00 and gave the company a “market perform” rating in a research report on Thursday, April 18th. Finally, Singular Research reaffirmed a “buy” rating on shares of Coinbase Global in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Coinbase Global currently has a consensus rating of “Hold” and an average target price of $215.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its stake in Coinbase Global by 833.3% during the first quarter. Geneos Wealth Management Inc. now owns 112 shares of the cryptocurrency exchange’s stock worth $30,000 after purchasing an additional 100 shares during the period. Concord Wealth Partners lifted its stake in Coinbase Global by 322.2% during the first quarter. Concord Wealth Partners now owns 114 shares of the cryptocurrency exchange’s stock worth $30,000 after purchasing an additional 87 shares during the period. Mather Group LLC. bought a new position in Coinbase Global during the first quarter worth about $32,000. Barrett & Company Inc. bought a new position in Coinbase Global during the fourth quarter worth about $26,000. Finally, Creekmur Asset Management LLC bought a new position in Coinbase Global during the fourth quarter worth about $27,000. Institutional investors own 68.84% of the company’s stock.

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.