Coinbase Global, Inc. (NASDAQ:COIN) Director Frederick Ernest Ehrsam III sold 16,380 shares of the business's stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $274.97, for a total transaction of $4,504,008.60. Following the sale, the director now directly owns 4,662 shares in the company, valued at approximately $1,281,910.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Frederick Ernest Ehrsam III also recently made the following trade(s):
- On Friday, March 15th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The stock was sold at an average price of $238.51, for a total transaction of $3,906,793.80.
- On Tuesday, March 5th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The stock was sold at an average price of $226.32, for a total transaction of $3,707,121.60.
- On Monday, February 26th, Frederick Ernest Ehrsam III sold 8,735 shares of Coinbase Global stock. The stock was sold at an average price of $186.00, for a total transaction of $1,624,710.00.
- On Wednesday, February 7th, Frederick Ernest Ehrsam III sold 82,130 shares of Coinbase Global stock. The stock was sold at an average price of $119.73, for a total transaction of $9,833,424.90.
- On Wednesday, January 31st, Frederick Ernest Ehrsam III sold 97,836 shares of Coinbase Global stock. The stock was sold at an average price of $131.57, for a total transaction of $12,872,282.52.
- On Thursday, January 25th, Frederick Ernest Ehrsam III sold 81,530 shares of Coinbase Global stock. The shares were sold at an average price of $121.29, for a total transaction of $9,888,773.70.
- On Wednesday, January 17th, Frederick Ernest Ehrsam III sold 97,836 shares of Coinbase Global stock. The shares were sold at an average price of $131.90, for a total transaction of $12,904,568.40.
- On Friday, January 12th, Frederick Ernest Ehrsam III sold 97,836 shares of Coinbase Global stock. The shares were sold at an average price of $134.24, for a total transaction of $13,133,504.64.
Coinbase Global Price Performance
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Coinbase Global stock opened at $265.12 on Friday. The company has a market cap of $64.23 billion, a price-to-earnings ratio of 981.93 and a beta of 3.36. The firm's fifty day moving average is $188.26 and its 200 day moving average is $137.37. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. Coinbase Global, Inc. has a 52-week low of $46.43 and a 52-week high of $283.48.
Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its earnings results on Thursday, February 15th. The cryptocurrency exchange reported $1.04 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $1.13. Coinbase Global had a net margin of 3.05% and a return on equity of 3.54%. The business had revenue of $953.80 million for the quarter, compared to the consensus estimate of $826.10 million. During the same quarter in the prior year, the firm posted ($2.46) earnings per share. The business's revenue for the quarter was up 51.6% on a year-over-year basis. Sell-side analysts forecast that Coinbase Global, Inc. will post 1.68 EPS for the current fiscal year.
Analyst Ratings Changes
Several research analysts have recently weighed in on COIN shares. Citigroup boosted their price objective on shares of Coinbase Global from $90.00 to $151.00 and gave the company a "neutral" rating in a report on Friday, January 19th. Needham & Company LLC upped their target price on shares of Coinbase Global from $160.00 to $180.00 and gave the company a "buy" rating in a report on Monday, January 8th. JPMorgan Chase & Co. upped their target price on shares of Coinbase Global from $95.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, March 15th. TheStreet raised shares of Coinbase Global from a "d" rating to a "c-" rating in a report on Friday, February 16th. Finally, Oppenheimer upped their target price on shares of Coinbase Global from $160.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Coinbase Global currently has an average rating of "Hold" and an average target price of $141.30.
View Our Latest Stock Analysis on Coinbase Global
Institutional Investors Weigh In On Coinbase Global
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Coinbase Global by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 14,281,280 shares of the cryptocurrency exchange's stock valued at $2,483,800,000 after acquiring an additional 408,046 shares during the period. Morgan Stanley increased its stake in Coinbase Global by 18.5% in the 3rd quarter. Morgan Stanley now owns 3,279,836 shares of the cryptocurrency exchange's stock worth $246,250,000 after buying an additional 511,397 shares during the period. Renaissance Technologies LLC increased its stake in Coinbase Global by 84.7% in the 2nd quarter. Renaissance Technologies LLC now owns 3,057,000 shares of the cryptocurrency exchange's stock worth $218,728,000 after buying an additional 1,402,169 shares during the period. Geode Capital Management LLC increased its stake in Coinbase Global by 7.2% in the 2nd quarter. Geode Capital Management LLC now owns 2,510,007 shares of the cryptocurrency exchange's stock worth $179,317,000 after buying an additional 168,018 shares during the period. Finally, Norges Bank purchased a new position in Coinbase Global in the 4th quarter worth about $50,254,000. Hedge funds and other institutional investors own 68.84% of the company's stock.
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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