Coinbase Global, Inc. (NASDAQ:COIN) Director Frederick Ernest Ehrsam III sold 16,380 shares of the firm's stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $232.37, for a total value of $3,806,220.60. Following the completion of the transaction, the director now owns 4,662 shares of the company's stock, valued at approximately $1,083,308.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Frederick Ernest Ehrsam III also recently made the following trade(s):
- On Wednesday, April 17th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The shares were sold at an average price of $213.99, for a total transaction of $3,505,156.20.
- On Monday, April 8th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The shares were sold at an average price of $256.19, for a total transaction of $4,196,392.20.
- On Tuesday, April 2nd, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The stock was sold at an average price of $243.30, for a total transaction of $3,985,254.00.
- On Tuesday, March 26th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The shares were sold at an average price of $274.97, for a total value of $4,504,008.60.
- 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 value of $3,906,793.80.
- On Tuesday, March 5th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The shares were sold at an average price of $226.32, for a total value 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 value of $1,624,710.00.
- On Wednesday, February 7th, Frederick Ernest Ehrsam III sold 82,130 shares of Coinbase Global stock. The shares were 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 shares were sold at an average price of $131.57, for a total transaction of $12,872,282.52.
Coinbase Global Stock Down 0.3 %
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Shares of NASDAQ COIN opened at $223.61 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.03 and a current ratio of 1.03. Coinbase Global, Inc. has a 1 year low of $46.43 and a 1 year high of $283.48. The stock's 50-day simple moving average is $230.62 and its 200-day simple moving average is $159.82. The firm has a market cap of $54.17 billion, a price-to-earnings ratio of 828.19 and a beta of 3.41.
Coinbase Global (NASDAQ:COIN - Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The cryptocurrency exchange reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $1.13. Coinbase Global had a return on equity of 3.54% and a net margin of 3.05%. The firm had revenue of $953.80 million during the quarter, compared to analyst estimates of $826.10 million. During the same quarter last year, the firm earned ($2.46) EPS. Coinbase Global's quarterly revenue was up 51.6% on a year-over-year basis. As a group, equities analysts anticipate that Coinbase Global, Inc. will post 2.43 earnings per share for the current fiscal year.
Institutional Trading of Coinbase Global
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Arkadios Wealth Advisors acquired a new position in Coinbase Global during the 3rd quarter worth $248,000. Impact Partnership Wealth LLC grew its stake in Coinbase Global by 23.4% in the third quarter. Impact Partnership Wealth LLC now owns 1,532 shares of the cryptocurrency exchange's stock worth $115,000 after purchasing an additional 291 shares in the last quarter. Ballentine Partners LLC bought a new stake in Coinbase Global in the third quarter valued at about $201,000. Walter & Keenan Wealth Management LLC IN ADV increased its holdings in Coinbase Global by 7.0% in the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 15,891 shares of the cryptocurrency exchange's stock valued at $1,193,000 after buying an additional 1,043 shares during the last quarter. Finally, Golden State Equity Partners acquired a new stake in Coinbase Global during the third quarter valued at approximately $213,000. Institutional investors own 68.84% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently weighed in on COIN. Keefe, Bruyette & Woods increased their price objective on shares of Coinbase Global from $160.00 to $230.00 and gave the stock a "market perform" rating in a report on Wednesday, April 3rd. Raymond James raised shares of Coinbase Global from an "underperform" rating to a "market perform" rating in a research note on Tuesday, March 12th. Bank of America increased their target price on Coinbase Global from $92.00 to $110.00 and gave the stock an "underperform" rating in a research report on Wednesday, April 10th. Wedbush boosted their price target on Coinbase Global from $180.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, February 16th. Finally, Needham & Company LLC upped their price target on Coinbase Global from $160.00 to $180.00 and gave the stock a "buy" rating in a research note on Monday, January 8th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $165.43.
Read Our Latest Analysis 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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