Frederick Ernest Ehrsam III Sells 4,125 Shares of Coinbase Global (NASDAQ:COIN) Stock

Coinbase Global, Inc. (NASDAQ:COIN) Director Frederick Ernest Ehrsam III sold 4,125 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $274.06, for a total value of $1,130,497.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Frederick Ernest Ehrsam III also recently made the following trade(s):

• On Thursday, November 20th, Frederick Ernest Ehrsam III sold 2,750 shares of Coinbase Global stock. The stock was sold at an average price of $260.33, for a total value of $715,907.50.
• On Monday, November 10th, Frederick Ernest Ehrsam III sold 55,688 shares of Coinbase Global stock. The shares were sold at an average price of $321.81, for a total transaction of $17,920,955.28.
• On Friday, November 7th, Frederick Ernest Ehrsam III sold 19,927 shares of Coinbase Global stock. The shares were sold at an average price of $288.77, for a total value of $5,754,319.79.
• On Thursday, November 6th, Frederick Ernest Ehrsam III sold 277,074 shares of Coinbase Global stock. The shares were sold at an average price of $309.92, for a total value of $85,870,774.08.

Coinbase Global Stock Performance

Shares of COIN stock traded up $4.47 during trading hours on Monday, reaching $274.20. 5,903,711 shares of the company’s stock were exchanged, compared to its average volume of 10,877,328. Coinbase Global, Inc. has a fifty-two week low of $142.58 and a fifty-two week high of $444.64. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $73.94 billion, a P/E ratio of 23.72 and a beta of 3.69. The business has a fifty day moving average price of $315.13 and a 200-day moving average price of $318.76.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.40. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the company posted $0.28 earnings per share. Coinbase Global’s quarterly revenue was up 55.1% on a year-over-year basis. Analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Institutional Trading of Coinbase Global

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. REAP Financial Group LLC bought a new stake in shares of Coinbase Global during the third quarter worth $25,000. Evelyn Partners Investment Management Europe Ltd boosted its stake in shares of Coinbase Global by 92.3% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock valued at $29,000 after purchasing an additional 36 shares during the last quarter. Palisade Asset Management LLC bought a new position in shares of Coinbase Global in the 3rd quarter valued at about $29,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Coinbase Global during the 2nd quarter worth approximately $30,000. Finally, Salomon & Ludwin LLC lifted its holdings in Coinbase Global by 4,400.0% in the third quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock valued at $30,000 after buying an additional 88 shares during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.

Analyst Upgrades and Downgrades

COIN has been the topic of a number of recent research reports. Cantor Fitzgerald decreased their price target on shares of Coinbase Global from $500.00 to $459.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Jefferies Financial Group reissued a “hold” rating and issued a $384.00 target price on shares of Coinbase Global in a research note on Wednesday, October 29th. UBS Group set a $404.00 price objective on Coinbase Global in a report on Friday, October 24th. Rothschild & Co Redburn lowered their price objective on Coinbase Global from $417.00 to $404.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Finally, HC Wainwright upgraded Coinbase Global from a “sell” rating to a “buy” rating and upped their price target for the company from $300.00 to $425.00 in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $396.94.

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.