Coinbase Global (NASDAQ:COIN) Director Sells 1,375 Shares

Coinbase Global, Inc. (NASDAQ:COIN) Director Frederick Ernest Ehrsam III sold 1,375 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $250.27, for a total transaction of $344,121.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, January 14th, Frederick Ernest Ehrsam III sold 2,750 shares of Coinbase Global stock. The stock was sold at an average price of $260.09, for a total value of $715,247.50.
  • On Monday, January 5th, Frederick Ernest Ehrsam III sold 1,375 shares of Coinbase Global stock. The shares were sold at an average price of $250.03, for a total value of $343,791.25.
  • On Thursday, December 18th, Frederick Ernest Ehrsam III sold 1,375 shares of Coinbase Global stock. The stock was sold at an average price of $252.82, for a total value of $347,627.50.
  • On Tuesday, December 9th, Frederick Ernest Ehrsam III sold 2,750 shares of Coinbase Global stock. The shares were sold at an average price of $280.27, for a total transaction of $770,742.50.
  • On Thursday, December 4th, Frederick Ernest Ehrsam III sold 4,125 shares of Coinbase Global stock. The stock was sold at an average price of $274.06, for a total transaction of $1,130,497.50.
  • 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 transaction 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 transaction 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 transaction of $85,870,774.08.

Coinbase Global Price Performance

Shares of Coinbase Global stock traded up $1.87 during trading on Friday, reaching $241.15. 7,574,539 shares of the stock traded hands, compared to its average volume of 8,982,444. Coinbase Global, Inc. has a 52-week low of $142.58 and a 52-week high of $444.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40. The business has a fifty day simple moving average of $258.13 and a two-hundred day simple moving average of $312.36. The company has a market capitalization of $65.02 billion, a price-to-earnings ratio of 20.86 and a beta of 3.70.

Coinbase Global (NASDAQ:COINGet Free Report) last posted its earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.40. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. Coinbase Global had a return on equity of 15.70% and a net margin of 41.99%.The firm’s revenue for the quarter was up 55.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 earnings per share. Sell-side analysts expect that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. REAP Financial Group LLC bought a new position in shares of Coinbase Global during the 3rd quarter worth $25,000. Evelyn Partners Investment Management Europe Ltd raised its holdings in shares of Coinbase Global by 92.3% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock valued at $29,000 after acquiring an additional 36 shares in the last quarter. Palisade Asset Management LLC purchased a new stake in Coinbase Global in the third quarter worth about $29,000. Cullen Frost Bankers Inc. bought a new position in Coinbase Global during the 2nd quarter worth about $30,000. Finally, Salomon & Ludwin LLC grew its holdings in Coinbase Global by 4,400.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock worth $30,000 after acquiring an additional 88 shares in the last quarter. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Coinbase Global

Here are the key news stories impacting Coinbase Global this week:

Wall Street Analysts Forecast Growth

COIN has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Coinbase Global from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. China Renaissance lowered their target price on shares of Coinbase Global from $479.30 to $301.50 and set a “buy” rating for the company in a report on Wednesday. Rothschild & Co Redburn dropped their price target on shares of Coinbase Global from $417.00 to $404.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Monness Crespi & Hardt raised shares of Coinbase Global from a “neutral” rating to a “buy” rating and set a $375.00 price objective for the company in a research note on Monday, November 10th. Finally, UBS Group set a $340.00 target price on Coinbase Global in a research note on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Coinbase Global has a consensus rating of “Moderate Buy” and an average price target of $362.72.

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About Coinbase Global

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Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.

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

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