Coinbase Global, Inc. (NASDAQ:COIN) Director Frederick Ernest Ehrsam III sold 4,125 shares of the company's stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $274.06, for a total value of $1,130,497.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Frederick Ernest Ehrsam III also recently made the following trade(s):
- On Thursday, November 20th, Frederick Ernest Ehrsam III sold 2,750 shares of Coinbase Global stock. The stock was sold at an average price of $260.33, for a total value of $715,907.50.
- On Monday, November 10th, Frederick Ernest Ehrsam III sold 55,688 shares of Coinbase Global stock. The shares were sold at an average price of $321.81, for a total value of $17,920,955.28.
- On Friday, November 7th, Frederick Ernest Ehrsam III sold 19,927 shares of Coinbase Global stock. The shares were sold at an average price of $288.77, for a total transaction of $5,754,319.79.
- On Thursday, November 6th, Frederick Ernest Ehrsam III sold 277,074 shares of Coinbase Global stock. The stock was sold at an average price of $309.92, for a total transaction of $85,870,774.08.
Coinbase Global Price Performance
Coinbase Global stock opened at $274.20 on Tuesday. Coinbase Global, Inc. has a 1 year low of $142.58 and a 1 year high of $444.64. The firm has a 50 day moving average price of $313.93 and a 200 day moving average price of $318.77. The company has a market cap of $73.94 billion, a price-to-earnings ratio of 23.72 and a beta of 3.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.40 and a current ratio of 2.40.
Coinbase Global (NASDAQ:COIN - Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.40. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. Coinbase Global's revenue was up 55.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share. Sell-side analysts predict that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.
Institutional Trading of Coinbase Global
Several large investors have recently bought and sold shares of the company. REAP Financial Group LLC purchased a new position in Coinbase Global in the 3rd quarter valued at about $25,000. Evelyn Partners Investment Management Europe Ltd increased its position in shares of Coinbase Global by 92.3% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange's stock worth $29,000 after acquiring an additional 36 shares during the last quarter. Palisade Asset Management LLC acquired a new position in shares of Coinbase Global in the third quarter worth about $29,000. Cullen Frost Bankers Inc. purchased a new position in Coinbase Global in the second quarter valued at about $30,000. Finally, Salomon & Ludwin LLC boosted its holdings in Coinbase Global by 4,400.0% in the third quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange's stock valued at $30,000 after purchasing an additional 88 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company's stock.
Wall Street Analysts Forecast Growth
COIN has been the topic of a number of research analyst reports. Jefferies Financial Group reiterated a "hold" rating and issued a $384.00 target price on shares of Coinbase Global in a report on Wednesday, October 29th. HC Wainwright raised Coinbase Global from a "sell" rating to a "buy" rating and lifted their price objective for the company from $300.00 to $425.00 in a research note on Thursday, October 30th. Needham & Company LLC reiterated a "buy" rating and set a $400.00 target price on shares of Coinbase Global in a report on Friday, October 31st. China Renaissance raised their price target on shares of Coinbase Global from $444.60 to $479.30 in a report on Monday, November 3rd. Finally, Rothschild & Co Redburn reduced their price target on shares of Coinbase Global from $417.00 to $404.00 and set a "buy" rating on the stock in a research report on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Coinbase Global has an average rating of "Moderate Buy" and an average price target of $396.94.
Check Out Our Latest Report on Coinbase Global
About Coinbase Global
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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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