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 in the company, valued at approximately $46,127,205.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

Shares of COIN stock opened at $224.94 on Friday. The business’s 50-day moving average price is $227.71 and its 200-day moving average price is $203.62. Coinbase Global, Inc. has a 12 month low of $69.63 and a 12 month high of $283.48. The firm has a market capitalization of $55.24 billion, a price-to-earnings ratio of 44.90 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 (NASDAQ:COIN) last announced its quarterly earnings results on Thursday, May 2nd. The cryptocurrency exchange reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.61. Coinbase Global had a return on equity of 9.42% and a net margin of 33.98%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.26 billion. Equities research analysts forecast that Coinbase Global, Inc. will post 5.01 EPS for the current year.

Institutional Trading of Coinbase Global

A number of hedge funds have recently made changes to their positions in COIN. Fountainhead AM LLC raised its position in shares of Coinbase Global by 2.1% during the fourth quarter. Fountainhead AM LLC now owns 3,957 shares of the cryptocurrency exchange’s stock worth $688,000 after acquiring an additional 81 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Coinbase Global by 0.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,726 shares of the cryptocurrency exchange’s stock valued at $2,561,000 after acquiring an additional 81 shares during the last quarter. Nilsine Partners LLC boosted its holdings in Coinbase Global by 1.2% in the first quarter. Nilsine Partners LLC now owns 6,738 shares of the cryptocurrency exchange’s stock valued at $1,786,000 after acquiring an additional 81 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in Coinbase Global by 2.6% in the fourth quarter. Arkadios Wealth Advisors now owns 3,395 shares of the cryptocurrency exchange’s stock valued at $590,000 after acquiring an additional 86 shares during the last quarter. Finally, Concord Wealth Partners boosted its holdings in Coinbase Global by 322.2% in the first quarter. Concord Wealth Partners now owns 114 shares of the cryptocurrency exchange’s stock valued at $30,000 after acquiring an additional 87 shares during the last quarter. 68.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on COIN. Bank of America upgraded Coinbase Global from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $110.00 to $217.00 in a research report on Friday, May 17th. Keefe, Bruyette & Woods increased their target price on Coinbase Global from $230.00 to $240.00 and gave the stock a “market perform” rating in a report on Friday, May 3rd. Wedbush increased their target price on Coinbase Global from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. HC Wainwright reissued a “buy” rating and set a $315.00 target price on shares of Coinbase Global in a report on Tuesday, June 18th. Finally, Sanford C. Bernstein increased their target price on Coinbase Global from $80.00 to $200.00 and gave the stock a “market perform” rating in a report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $215.50.

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.