Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi sold 1,500 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $215.00, for a total transaction of $322,500.00. Following the completion of the transaction, the chief operating officer now owns 213,851 shares of the company's stock, valued at approximately $45,977,965. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Emilie Choi also recently made the following trade(s):
- On Monday, April 15th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $248.00, for a total transaction of $372,000.00.
- On Thursday, March 28th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $260.00, for a total transaction of $390,000.00.
- On Thursday, March 14th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $245.00, for a total transaction of $367,500.00.
- On Friday, February 2nd, Emilie Choi sold 700 shares of Coinbase Global stock. The stock was sold at an average price of $130.29, for a total transaction of $91,203.00.
Coinbase Global Stock Performance
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Shares of COIN stock opened at $228.85 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 52 week low of $46.43 and a 52 week high of $283.48. The company has a market capitalization of $55.44 billion, a P/E ratio of 847.59 and a beta of 3.46. The company's 50 day moving average price is $234.06 and its two-hundred day moving average price is $164.32.
Coinbase Global (NASDAQ:COIN - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The cryptocurrency exchange reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.09) by $1.13. Coinbase Global had a net margin of 3.05% and a return on equity of 3.54%. The company had revenue of $953.80 million for the quarter, compared to the consensus estimate of $826.10 million. During the same period last year, the company earned ($2.46) earnings per share. The firm's revenue was up 51.6% compared to the same quarter last year. On average, analysts expect that Coinbase Global, Inc. will post 2.6 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on COIN shares. Citigroup increased their target price on shares of Coinbase Global from $90.00 to $151.00 and gave the stock a "neutral" rating in a research report on Friday, January 19th. Sanford C. Bernstein increased their price objective on shares of Coinbase Global from $80.00 to $200.00 and gave the stock a "market perform" rating in a report on Thursday, April 18th. HC Wainwright increased their price objective on shares of Coinbase Global from $250.00 to $300.00 and gave the stock a "buy" rating in a report on Monday. TheStreet raised shares of Coinbase Global from a "d" rating to a "c-" rating in a report on Friday, February 16th. Finally, Bank of America increased their price objective on shares of Coinbase Global from $92.00 to $110.00 and gave the stock an "underperform" rating in a report on Wednesday, April 10th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Coinbase Global has a consensus rating of "Hold" and an average target price of $167.81.
Read Our Latest Stock Analysis on Coinbase Global
Hedge Funds Weigh In On Coinbase Global
Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in Coinbase Global during the fourth quarter worth $202,936,000. a16z Perennial Management L.P. acquired a new position in Coinbase Global in the fourth quarter valued at about $147,646,000. Morgan Stanley raised its stake in Coinbase Global by 18.5% in the third quarter. Morgan Stanley now owns 3,279,836 shares of the cryptocurrency exchange's stock valued at $246,250,000 after purchasing an additional 511,397 shares in the last quarter. Hamilton Lane Advisors LLC acquired a new position in Coinbase Global in the fourth quarter valued at about $88,015,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Coinbase Global by 142.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 733,180 shares of the cryptocurrency exchange's stock worth $55,047,000 after acquiring an additional 430,546 shares during the last quarter. 68.84% of the stock is owned by institutional investors.
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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