Alesia J. Haas Sells 4,200 Shares of Coinbase Global, Inc. (NASDAQ:COIN) Stock

Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia J. Haas sold 4,200 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $247.54, for a total value of $1,039,668.00. Following the transaction, the chief financial officer now owns 192,622 shares in the company, valued at approximately $47,681,649.88. The sale was disclosed in a document filed with the SEC, which is available through this link.

Coinbase Global Stock Up 2.0 %

NASDAQ COIN opened at $218.08 on Friday. Coinbase Global, Inc. has a 52 week low of $46.43 and a 52 week high of $283.48. 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 business’s fifty day simple moving average is $223.31 and its 200-day simple moving average is $154.63. The firm has a market cap of $52.83 billion, a PE ratio of 807.70 and a beta of 3.41.

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 analysts’ consensus estimates 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 return on equity of 3.54% and a net margin of 3.05%. The company’s quarterly revenue was up 51.6% on a year-over-year basis. During the same period last year, the company earned ($2.46) EPS. As a group, equities analysts anticipate that Coinbase Global, Inc. will post 2.43 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wedbush increased their target price on Coinbase Global from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Sanford C. Bernstein increased their target price on Coinbase Global from $80.00 to $200.00 and gave the company a “market perform” rating in a research report on Thursday. JMP Securities reiterated a “market outperform” rating on shares of Coinbase Global in a research report on Friday, March 22nd. Barclays increased their target price on Coinbase Global from $146.00 to $179.00 and gave the company an “underweight” rating in a research report on Monday, April 8th. Finally, Needham & Company LLC raised their price objective on Coinbase Global from $160.00 to $180.00 and gave the company a “buy” rating in a report on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $165.43.

Institutional Trading of Coinbase Global

Hedge funds and other institutional investors have recently modified their holdings of the business. SeaCrest Wealth Management LLC acquired a new position in Coinbase Global in the 1st quarter valued at about $699,000. CAP Partners LLC grew its position in Coinbase Global by 5.3% in the 1st quarter. CAP Partners LLC now owns 5,382 shares of the cryptocurrency exchange’s stock valued at $1,427,000 after acquiring an additional 273 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Coinbase Global by 9.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,095 shares of the cryptocurrency exchange’s stock valued at $1,881,000 after acquiring an additional 591 shares in the last quarter. Pettinga Financial Advisors LLC acquired a new position in Coinbase Global in the 1st quarter valued at about $337,000. Finally, Fiduciary Alliance LLC acquired a new position in Coinbase Global in the 1st quarter valued at about $1,036,000. 68.84% of the stock is owned by institutional investors and hedge funds.

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.