Coinbase Global, Inc. (NASDAQ:COIN) Insider Paul Grewal Sells 17,444 Shares of Stock

Coinbase Global, Inc. (NASDAQ:COIN) insider Paul Grewal sold 17,444 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $239.07, for a total value of $4,170,337.08. Following the transaction, the insider now owns 71,195 shares of the company’s stock, valued at $17,020,588.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Paul Grewal also recently made the following trade(s):

  • On Thursday, April 25th, Paul Grewal sold 10,000 shares of Coinbase Global stock. The stock was sold at an average price of $221.47, for a total value of $2,214,700.00.
  • On Monday, March 25th, Paul Grewal sold 10,257 shares of Coinbase Global stock. The stock was sold at an average price of $275.60, for a total value of $2,826,829.20.

Coinbase Global Stock Performance

Shares of COIN opened at $234.76 on Friday. The firm has a market cap of $57.65 billion, a PE ratio of 46.86 and a beta of 3.46. The stock’s fifty day moving average price is $231.82 and its two-hundred day moving average price is $184.24. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.02 and a quick ratio of 1.02. Coinbase Global, Inc. has a 1 year low of $46.43 and a 1 year high of $283.48.

Coinbase Global (NASDAQ:COINGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The cryptocurrency exchange reported $1.65 earnings per share (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 company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.26 billion. On average, equities research analysts forecast that Coinbase Global, Inc. will post 5.01 EPS for the current year.

Hedge Funds Weigh In On Coinbase Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EULAV Asset Management purchased a new position in Coinbase Global during the first quarter worth about $13,521,000. Cetera Advisors LLC boosted its holdings in shares of Coinbase Global by 49.2% in the 1st quarter. Cetera Advisors LLC now owns 10,911 shares of the cryptocurrency exchange’s stock worth $2,893,000 after purchasing an additional 3,597 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Coinbase Global by 303.5% in the 1st quarter. Cetera Investment Advisers now owns 25,935 shares of the cryptocurrency exchange’s stock worth $6,876,000 after purchasing an additional 19,508 shares in the last quarter. Sona Asset Management US LLC purchased a new position in shares of Coinbase Global in the 1st quarter worth about $2,704,000. Finally, Swedbank AB purchased a new position in shares of Coinbase Global in the 1st quarter worth about $5,047,000. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. TheStreet raised Coinbase Global from a “d” rating to a “c-” rating in a research note on Friday, February 16th. Raymond James raised Coinbase Global from an “underperform” rating to a “market perform” rating in a research note on Tuesday, March 12th. Wedbush raised their price objective on Coinbase Global from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Needham & Company LLC reduced their price objective on Coinbase Global from $275.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Finally, Oppenheimer lifted their target price on Coinbase Global from $276.00 to $282.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Coinbase Global presently has a consensus rating of “Hold” and an average price target of $214.67.

Read Our Latest Stock Analysis on COIN

About Coinbase Global

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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.

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Insider Buying and Selling by Quarter for Coinbase Global (NASDAQ:COIN)

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