Coinbase Global, Inc. (NASDAQ:COIN) COO Sells $1,408,720.00 in Stock

Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi sold 8,000 shares of Coinbase Global stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $176.09, for a total value of $1,408,720.00. Following the transaction, the chief operating officer now owns 189,101 shares in the company, valued at approximately $33,298,795.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, August 30th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $188.94, for a total value of $283,410.00.
• On Wednesday, July 31st, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $233.00, for a total transaction of $349,500.00.
• 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 transaction 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 transaction of $1,857,920.00.
• On Friday, June 28th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were 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 shares were sold at an average price of $246.16, for a total value of $369,240.00.

Coinbase Global Stock Performance

NASDAQ:COIN opened at $147.35 on Friday. The firm has a market capitalization of $36.18 billion, a PE ratio of 29.41 and a beta of 3.36. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.03 and a quick ratio of 1.03. The business’s fifty day moving average price is $210.96 and its 200 day moving average price is $223.56. Coinbase Global, Inc. has a 12 month low of $69.63 and a 12 month high of $283.48.

Coinbase Global (NASDAQ:COIN) last posted its earnings results 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). Coinbase Global had a return on equity of 13.89% and a net margin of 31.46%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the firm earned ($0.42) EPS. Coinbase Global’s revenue for the quarter was up 104.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Coinbase Global, Inc. will post 4.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on COIN shares. Canaccord Genuity Group restated a “buy” rating and issued a $280.00 price objective on shares of Coinbase Global in a report on Friday, August 2nd. HC Wainwright decreased their price objective on shares of Coinbase Global from $315.00 to $295.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Barclays upgraded shares of Coinbase Global from an “underweight” rating to an “equal weight” rating and dropped their target price for the company from $206.00 to $169.00 in a report on Friday. Compass Point decreased their price target on Coinbase Global from $325.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $320.00 price objective on shares of Coinbase Global in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $246.06.

Institutional Investors Weigh In On Coinbase Global

Several hedge funds and other institutional investors have recently bought and sold shares of COIN. Sanctuary Advisors LLC purchased a new position in shares of Coinbase Global during the second quarter worth about $2,908,000. SRN Advisors LLC grew its stake in Coinbase Global by 10.9% during the 2nd quarter. SRN Advisors LLC now owns 12,774 shares of the cryptocurrency exchange’s stock worth $2,839,000 after buying an additional 1,259 shares during the last quarter. Heritage Oak Wealth Advisors LLC purchased a new position in Coinbase Global during the 2nd quarter worth approximately $462,000. Cetera Investment Advisers increased its position in Coinbase Global by 9.1% during the second quarter. Cetera Investment Advisers now owns 28,306 shares of the cryptocurrency exchange’s stock worth $6,291,000 after buying an additional 2,371 shares during the period. Finally, Granite Bay Wealth Management LLC purchased a new stake in Coinbase Global in the second quarter valued at approximately $5,476,000. 68.84% of the stock is currently owned by institutional investors and hedge funds.

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.