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

Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $298.31, for a total transaction of $447,465.00. Following 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 filing with the SEC, which is accessible through the SEC website.

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 transaction 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 stock was sold at an average price of $162.24, for a total value 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 value of $1,408,720.00.
• On Friday, August 30th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $188.94, for a total transaction of $283,410.00.

Coinbase Global Stock Up 6.0 %

Shares of COIN stock traded up $17.69 on Wednesday, hitting $310.98. The company’s stock had a trading volume of 13,245,859 shares, compared to its average volume of 11,193,557. The stock has a market capitalization of $77.85 billion, a price-to-earnings ratio of 53.07 and a beta of 3.34. Coinbase Global, Inc. has a fifty-two week low of $114.51 and a fifty-two week high of $341.75. The firm’s fifty day moving average price is $219.83 and its 200-day moving average price is $216.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.03 and a quick ratio of 1.03.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings results on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.13). Coinbase Global had a return on equity of 14.81% and a net margin of 29.76%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the firm earned ($0.01) EPS. Coinbase Global’s quarterly revenue was up 78.8% on a year-over-year basis. Research analysts anticipate that Coinbase Global, Inc. will post 4.27 EPS for the current year.

Hedge Funds Weigh In On Coinbase Global

A number of institutional investors have recently modified their holdings of the company. Crewe Advisors LLC grew its stake in Coinbase Global by 547.4% in the 2nd quarter. Crewe Advisors LLC now owns 123 shares of the cryptocurrency exchange’s stock valued at $27,000 after buying an additional 104 shares during the last quarter. Lynx Investment Advisory acquired a new stake in shares of Coinbase Global in the second quarter valued at about $29,000. Versant Capital Management Inc grew its position in shares of Coinbase Global by 75.0% in the second quarter. Versant Capital Management Inc now owns 133 shares of the cryptocurrency exchange’s stock valued at $30,000 after purchasing an additional 57 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of Coinbase Global in the third quarter worth about $25,000. Finally, Spirit of America Management Corp NY acquired a new position in shares of Coinbase Global during the 2nd quarter worth about $33,000. Institutional investors own 68.84% of the company’s stock.

Analysts Set New Price Targets

COIN has been the topic of a number of recent analyst reports. B. Riley began coverage on shares of Coinbase Global in a report on Wednesday, October 23rd. They set a “neutral” rating and a $185.00 price target on the stock. Needham & Company LLC boosted their target price on shares of Coinbase Global from $290.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, November 18th. HC Wainwright reiterated a “buy” rating and set a $295.00 price target on shares of Coinbase Global in a report on Tuesday, October 29th. Compass Point reduced their price objective on Coinbase Global from $325.00 to $295.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $280.00 target price on shares of Coinbase Global in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.