Insider Selling: Coinbase Global, Inc. (NASDAQ:COIN) COO Sells 1,500 Shares of Stock

Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi sold 1,500 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $298.31, for a total transaction of $447,465.00. Following the completion of the sale, the chief operating officer now directly owns 177,576 shares of the company’s stock, valued at $52,972,696.56. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, October 31st, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $203.30, for a total value 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 value 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 transaction of $269,535.00.
• On Friday, September 13th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were 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 stock was 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 shares were sold at an average price of $188.94, for a total value of $283,410.00.

Coinbase Global Stock Performance

Shares of COIN stock traded up $17.69 during trading hours on Wednesday, reaching $310.98. The stock had a trading volume of 13,245,859 shares, compared to its average volume of 11,193,557. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a 50-day simple moving average of $219.83 and a 200-day simple moving average of $216.55. The firm has a market capitalization of $77.85 billion, a PE ratio of 53.07 and a beta of 3.34. Coinbase Global, Inc. has a twelve month low of $114.51 and a twelve month high of $341.75.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings results on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.13). The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.26 billion. Coinbase Global had a net margin of 29.76% and a return on equity of 14.81%. Coinbase Global’s revenue for the quarter was up 78.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.01) EPS. As a group, equities analysts forecast that Coinbase Global, Inc. will post 4.27 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. APEIRON CAPITAL Ltd bought a new stake in shares of Coinbase Global during the first quarter valued at about $108,434,000. Bayesian Capital Management LP acquired a new stake in shares of Coinbase Global in the 1st quarter worth approximately $663,000. Janus Henderson Group PLC boosted its holdings in shares of Coinbase Global by 66.4% in the first quarter. Janus Henderson Group PLC now owns 17,127 shares of the cryptocurrency exchange’s stock valued at $4,539,000 after acquiring an additional 6,835 shares in the last quarter. Hancock Whitney Corp acquired a new position in shares of Coinbase Global during the first quarter valued at approximately $1,129,000. Finally, LBP AM SA acquired a new stake in Coinbase Global in the first quarter worth approximately $417,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Bank of America raised their price target on shares of Coinbase Global from $196.00 to $214.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Canaccord Genuity Group reissued a “buy” rating and issued a $280.00 target price on shares of Coinbase Global in a research report on Thursday, October 31st. Oppenheimer increased their price target on shares of Coinbase Global from $265.00 to $358.00 and gave the stock an “outperform” rating in a research report on Monday. HC Wainwright reiterated a “buy” rating and issued a $295.00 price target on shares of Coinbase Global in a research note on Tuesday, October 29th. Finally, Barclays upped their price objective on Coinbase Global from $175.00 to $204.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. One 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 MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $255.22.

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.