Coinbase Global, Inc. (NASDAQ:COIN) CFO Sells $1,515,000.00 in Stock

by · The Cerbat Gem

Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia J. Haas sold 7,575 shares of Coinbase Global stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $200.00, for a total value of $1,515,000.00. Following the sale, the chief financial officer now directly owns 107,291 shares of the company’s stock, valued at approximately $21,458,200. This trade represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Coinbase Global Price Performance

Shares of NASDAQ COIN opened at $209.64 on Monday. The firm’s 50 day simple moving average is $191.91 and its 200-day simple moving average is $243.42. Coinbase Global, Inc. has a 12 month low of $142.58 and a 12 month high of $349.75. The stock has a market capitalization of $53.22 billion, a price-to-earnings ratio of 22.07 and a beta of 3.65. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28.

Coinbase Global (NASDAQ:COIN – Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $2.93. Coinbase Global had a net margin of 39.34% and a return on equity of 20.64%. Analysts expect that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. purchased a new position in Coinbase Global in the 4th quarter valued at $25,000. Copia Wealth Management purchased a new position in Coinbase Global in the 4th quarter valued at $26,000. Bessemer Group Inc. lifted its holdings in Coinbase Global by 297.4% in the 1st quarter. Bessemer Group Inc. now owns 151 shares of the cryptocurrency exchange’s stock valued at $26,000 after purchasing an additional 113 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new position in shares of Coinbase Global during the 4th quarter worth $27,000. Finally, Atala Financial Inc acquired a new position in shares of Coinbase Global during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Bank of America decreased their target price on Coinbase Global from $363.00 to $311.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Monness Crespi & Hardt set a $420.00 price objective on Coinbase Global in a research report on Tuesday, February 18th. JMP Securities reduced their target price on shares of Coinbase Global from $475.00 to $400.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. Mizuho decreased their price target on shares of Coinbase Global from $280.00 to $217.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Finally, The Goldman Sachs Group began coverage on shares of Coinbase Global in a research report on Thursday, March 20th. They set a “neutral” rating and a $195.00 price target for the company. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $295.65.

View Our Latest Research Report on COIN

About Coinbase Global

(Get Free Report)

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.

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