Coinbase Global, Inc. (NASDAQ:COIN) COO Sells $349,500.00 in Stock

Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi sold 1,500 shares of Coinbase Global stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $233.00, for a total value of $349,500.00. Following the completion of the transaction, the chief operating officer now owns 194,971 shares of the company’s stock, valued at $45,428,243. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, July 15th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $229.70, for a total value of $344,550.00.
• 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 28th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $223.95, for a total value of $335,925.00.
• 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 transaction of $369,240.00.
• On Tuesday, May 14th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $195.90, for a total transaction of $293,850.00.

Coinbase Global Trading Down 3.9 %

Shares of COIN opened at $204.44 on Monday. The business’s 50-day moving average price is $234.52 and its 200 day moving average price is $215.33. The stock has a market capitalization of $50.20 billion, a P/E ratio of 40.81 and a beta of 3.40. 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, Inc. has a 1-year low of $69.63 and a 1-year high of $283.48.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data on Thursday, August 1st. The cryptocurrency exchange reported $0.14 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.93). The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Coinbase Global had a return on equity of 14.72% and a net margin of 31.46%. The company’s revenue for the quarter was up 104.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.42) earnings per share. Analysts expect that Coinbase Global, Inc. will post 4.95 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of COIN. Barrett & Company Inc. purchased a new position in Coinbase Global during the 4th quarter valued at about $26,000. Creekmur Asset Management LLC purchased a new position in Coinbase Global during the fourth quarter valued at approximately $27,000. Crewe Advisors LLC increased 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 period. Lynx Investment Advisory purchased a new stake in Coinbase Global in the 2nd quarter worth approximately $29,000. Finally, Concord Wealth Partners boosted its stake in shares of Coinbase Global by 322.2% during the 1st quarter. Concord Wealth Partners now owns 114 shares of the cryptocurrency exchange’s stock valued at $30,000 after buying an additional 87 shares during the period. 68.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COIN has been the topic of a number of recent analyst reports. Mizuho lifted their price target on Coinbase Global from $84.00 to $145.00 and gave the company an “underperform” rating in a report on Friday, April 12th. Bank of America reduced their price target on Coinbase Global from $263.00 to $246.00 and set a “neutral” rating for the company in a research report on Friday. Keefe, Bruyette & Woods raised their price target on Coinbase Global from $230.00 to $240.00 and gave the company a “market perform” rating in a report on Friday, May 3rd. Piper Sandler upped their price target on shares of Coinbase Global from $225.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Finally, Singular Research reiterated a “buy” rating on shares of Coinbase Global in a research note on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $245.27.

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.