Coinbase Global, Inc. (NASDAQ:COIN) CEO Brian Armstrong sold 23,075 shares of the firm's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $224.13, for a total transaction of $5,171,799.75. Following the transaction, the chief executive officer now owns 526 shares of the company's stock, valued at $117,892.38. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Brian Armstrong also recently made the following trade(s):
- On Monday, April 15th, Brian Armstrong sold 23,075 shares of Coinbase Global stock. The stock was sold at an average price of $238.26, for a total transaction of $5,497,849.50.
- On Thursday, April 4th, Brian Armstrong sold 23,075 shares of Coinbase Global stock. The stock was sold at an average price of $256.30, for a total transaction of $5,914,122.50.
- On Monday, February 12th, Brian Armstrong sold 23,075 shares of Coinbase Global stock. The stock was sold at an average price of $147.03, for a total transaction of $3,392,717.25.
Coinbase Global Stock Down 5.5 %
Shares of NASDAQ COIN opened at $214.34 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.02 and a current ratio of 1.02. 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 $237.03 and its 200-day simple moving average is $168.14. The firm has a market cap of $51.93 billion, a price-to-earnings ratio of 42.78 and a beta of 3.46.
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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, topping the consensus estimate of ($0.09) by $1.13. Coinbase Global had a return on equity of 9.42% and a net margin of 33.98%. The company had revenue of $953.80 million for the quarter, compared to the consensus estimate of $826.10 million. During the same period in the previous year, the business earned ($2.46) EPS. Coinbase Global's revenue for the quarter was up 51.6% compared to the same quarter last year. As a group, equities analysts anticipate that Coinbase Global, Inc. will post 2.71 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
COIN has been the subject of a number of recent research reports. Barclays lifted their price target on shares of Coinbase Global from $179.00 to $204.00 and gave the stock an "underweight" rating in a report on Monday. TheStreet raised shares of Coinbase Global from a "d" rating to a "c-" rating in a research report on Friday, February 16th. Wedbush raised their target price on shares of Coinbase Global from $200.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 3rd. Bank of America raised their target price on shares of Coinbase Global from $92.00 to $110.00 and gave the stock an "underperform" rating in a research report on Wednesday, April 10th. Finally, The Goldman Sachs Group decreased their target price on shares of Coinbase Global from $295.00 to $255.00 and set a "neutral" rating on the stock in a research report on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $193.85.
Read Our Latest Research Report on COIN
Hedge Funds Weigh In On Coinbase Global
A number of institutional investors have recently made changes to their positions in the business. Fountainhead AM LLC raised its position in shares of Coinbase Global by 2.1% in the 4th quarter. Fountainhead AM LLC now owns 3,957 shares of the cryptocurrency exchange's stock valued at $688,000 after purchasing an additional 81 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Coinbase Global by 0.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,726 shares of the cryptocurrency exchange's stock valued at $2,561,000 after purchasing an additional 81 shares in the last quarter. Nilsine Partners LLC raised its position in shares of Coinbase Global by 1.2% in the 1st quarter. Nilsine Partners LLC now owns 6,738 shares of the cryptocurrency exchange's stock valued at $1,786,000 after purchasing an additional 81 shares in the last quarter. Arkadios Wealth Advisors raised its position in shares of Coinbase Global by 2.6% in the 4th quarter. Arkadios Wealth Advisors now owns 3,395 shares of the cryptocurrency exchange's stock valued at $590,000 after purchasing an additional 86 shares in the last quarter. Finally, Concord Wealth Partners raised its position in shares of Coinbase Global by 322.2% in the 1st quarter. Concord Wealth Partners now owns 114 shares of the cryptocurrency exchange's stock valued at $30,000 after purchasing an additional 87 shares in the last quarter. 68.84% of the stock is owned by institutional investors and hedge funds.
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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