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

Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi sold 1,500 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $298.31, for a total transaction of $447,465.00. Following the sale, the chief operating officer now owns 177,576 shares of the company’s stock, valued at approximately $52,972,696.56. The trade was a 0.84 % decrease in their position. The transaction 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 Thursday, October 31st, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were 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 stock was sold at an average price of $181.36, for a total transaction of $272,040.00.
• On Monday, September 30th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were 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 stock was sold at an average price of $188.94, for a total value of $283,410.00.

Coinbase Global Trading Up 6.0 %

Shares of NASDAQ:COIN opened at $310.98 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.03 and a current ratio of 1.03. 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 1-year low of $114.51 and a 1-year high of $341.75. The company has a 50 day moving average price of $222.79 and a 200 day moving average price of $217.21.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on COIN shares. Monness Crespi & Hardt started coverage on shares of Coinbase Global in a report on Monday, October 28th. They issued a “buy” rating and a $245.00 price objective on the stock. Mizuho raised their price target on shares of Coinbase Global from $160.00 to $178.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. Piper Sandler reiterated a “neutral” rating and set a $245.00 price objective on shares of Coinbase Global in a research report on Friday, November 1st. Canaccord Genuity Group restated a “buy” rating and issued a $280.00 target price on shares of Coinbase Global in a research report on Thursday, October 31st. Finally, Barclays boosted their price target on Coinbase Global from $175.00 to $204.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $255.22.

Hedge Funds Weigh In On Coinbase Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC lifted its stake in Coinbase Global by 0.8% during the third quarter. Empowered Funds LLC now owns 5,185 shares of the cryptocurrency exchange’s stock valued at $924,000 after buying an additional 43 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of Coinbase Global by 9.4% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 595 shares of the cryptocurrency exchange’s stock valued at $106,000 after acquiring an additional 51 shares in the last quarter. Fifth Third Bancorp boosted its stake in Coinbase Global by 0.4% in the 2nd quarter. Fifth Third Bancorp now owns 12,498 shares of the cryptocurrency exchange’s stock worth $2,777,000 after purchasing an additional 55 shares during the period. Versant Capital Management Inc grew its position in Coinbase Global by 75.0% during the 2nd quarter. Versant Capital Management Inc now owns 133 shares of the cryptocurrency exchange’s stock worth $30,000 after purchasing an additional 57 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in Coinbase Global by 12.1% during the 2nd quarter. Larson Financial Group LLC now owns 530 shares of the cryptocurrency exchange’s stock valued at $118,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.

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.