Frederick Ernest Ehrsam III Sells 2,750 Shares of Coinbase Global (NASDAQ:COIN) Stock

Coinbase Global, Inc. (NASDAQ:COIN) Director Frederick Ernest Ehrsam III sold 2,750 shares of the business’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $260.09, for a total value of $715,247.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Thursday, January 15th, Frederick Ernest Ehrsam III sold 1,375 shares of Coinbase Global stock. The stock was sold at an average price of $250.27, for a total value of $344,121.25.
  • 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 shares were 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 stock was 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 shares were 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 value of $715,907.50.
  • On Monday, November 10th, Frederick Ernest Ehrsam III sold 55,688 shares of Coinbase Global stock. The stock was sold at an average price of $321.81, for a total value 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 stock was sold at an average price of $309.92, for a total transaction of $85,870,774.08.

Coinbase Global Stock Up 0.8%

Shares of COIN stock traded up $1.87 during mid-day trading on Friday, reaching $241.15. 7,574,539 shares of the company’s stock traded hands, compared to its average volume of 8,982,444. The company’s 50-day moving average price is $258.13 and its 200-day moving average price is $312.36. The company has a market cap of $65.02 billion, a P/E ratio of 20.86 and a beta of 3.70. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.37. Coinbase Global, Inc. has a 12 month low of $142.58 and a 12 month high of $444.64.

Coinbase Global (NASDAQ:COINGet Free Report) last announced its quarterly earnings data on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.40. Coinbase Global had a return on equity of 15.70% and a net margin of 41.99%.The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the business earned $0.28 earnings per share. The firm’s quarterly revenue was up 55.1% compared to the same quarter last year. On average, equities analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Coinbase Global News Summary

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

Analyst Ratings Changes

COIN has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft started coverage on Coinbase Global in a research note on Wednesday, December 17th. They issued a “buy” rating and a $340.00 price target for the company. Oppenheimer lowered their target price on shares of Coinbase Global from $381.00 to $370.00 and set an “outperform” rating on the stock in a research note on Monday. Monness Crespi & Hardt upgraded shares of Coinbase Global from a “neutral” rating to a “buy” rating and set a $375.00 price target for the company in a research note on Monday, November 10th. Wall Street Zen cut shares of Coinbase Global from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Finally, Compass Point set a $230.00 target price on shares of Coinbase Global in a report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $362.72.

Check Out Our Latest Report on Coinbase Global

Institutional Trading of Coinbase Global

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

Coinbase Global Company Profile

(Get Free Report)

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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