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

Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi sold 1,500 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $248.00, for a total value of $372,000.00. Following the transaction, the chief operating officer now owns 215,351 shares of the company’s stock, valued at approximately $53,407,048. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Thursday, March 28th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $260.00, for a total value of $390,000.00.
• On Thursday, March 14th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $245.00, for a total value of $367,500.00.
• On Friday, February 2nd, Emilie Choi sold 700 shares of Coinbase Global stock. The stock was sold at an average price of $130.29, for a total value of $91,203.00.
• On Wednesday, January 31st, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $129.31, for a total value of $193,965.00.

Coinbase Global Trading Down 2.3 %

Shares of COIN stock opened at $213.78 on Thursday. The firm has a 50 day moving average price of $221.60 and a two-hundred day moving average price of $154.18. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $51.79 billion, a PE ratio of 791.78 and a beta of 3.41. Coinbase Global, Inc. has a 12-month low of $46.43 and a 12-month high of $283.48.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data on Thursday, February 15th. The cryptocurrency exchange reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $1.13. The firm had revenue of $953.80 million during the quarter, compared to the consensus estimate of $826.10 million. Coinbase Global had a net margin of 3.05% and a return on equity of 3.54%. The business’s revenue for the quarter was up 51.6% compared to the same quarter last year. During the same period last year, the business posted ($2.46) earnings per share. As a group, analysts predict that Coinbase Global, Inc. will post 2.43 earnings per share for the current year.

Institutional Investors Weigh In On Coinbase Global

A number of hedge funds and other institutional investors have recently made changes to their positions in COIN. Fairfield Bush & CO. raised its position in shares of Coinbase Global by 18.4% in the first quarter. Fairfield Bush & CO. now owns 1,770 shares of the cryptocurrency exchange’s stock valued at $336,000 after buying an additional 275 shares in the last quarter. United Bank acquired a new stake in shares of Coinbase Global in the first quarter valued at approximately $286,000. Bank of New York Mellon Corp raised its position in shares of Coinbase Global by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 70,553 shares of the cryptocurrency exchange’s stock valued at $13,394,000 after buying an additional 1,844 shares in the last quarter. American Century Companies Inc. raised its position in shares of Coinbase Global by 269.2% in the first quarter. American Century Companies Inc. now owns 7,147 shares of the cryptocurrency exchange’s stock valued at $1,357,000 after buying an additional 5,211 shares in the last quarter. Finally, Synovus Financial Corp raised its position in shares of Coinbase Global by 26.6% in the first quarter. Synovus Financial Corp now owns 1,103 shares of the cryptocurrency exchange’s stock valued at $209,000 after buying an additional 232 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on COIN. HC Wainwright raised their price objective on Coinbase Global from $115.00 to $250.00 and gave the company a “buy” rating in a report on Friday, February 16th. TheStreet upgraded Coinbase Global from a “d” rating to a “c-” rating in a report on Friday, February 16th. The Goldman Sachs Group upgraded Coinbase Global from a “sell” rating to a “neutral” rating in a report on Friday, March 8th. Bank of America raised their price objective on Coinbase Global from $92.00 to $110.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. Finally, Citigroup raised their price objective on Coinbase Global from $90.00 to $151.00 and gave the company a “neutral” rating in a report on Friday, January 19th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $163.70.

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.