Key Points
- Frederick Ernest Ehrsam III, a Coinbase director, sold 2,750 shares on December 9 at an average price of $280.27 for a total of $770,742.50, disclosed in an SEC filing.
- Ehrsam has executed multiple large insider sales since early November totaling over $112 million, including a 277,074-share sale on November 6 worth about $85.87 million.
- Coinbase recently reported stronger-than-expected results (EPS $1.44, revenue $1.87B, +55% YoY) and carries a MarketBeat consensus of "Moderate Buy" with an average price target of $396.94.
Coinbase Global, Inc. (NASDAQ:COIN) Director Frederick Ernest Ehrsam III sold 2,750 shares of the company's stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $280.27, for a total transaction of $770,742.50. The sale 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 Thursday, December 4th, Frederick Ernest Ehrsam III sold 4,125 shares of Coinbase Global stock. The stock was sold at an average price of $274.06, for a total transaction of $1,130,497.50.
- On Thursday, November 20th, Frederick Ernest Ehrsam III sold 2,750 shares of Coinbase Global stock. The shares were sold at an average price of $260.33, for a total transaction 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 transaction of $17,920,955.28.
- On Friday, November 7th, Frederick Ernest Ehrsam III sold 19,927 shares of Coinbase Global stock. The stock was 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 shares were sold at an average price of $309.92, for a total transaction of $85,870,774.08.
Coinbase Global Trading Down 0.8%
COIN opened at $275.09 on Thursday. The stock has a market capitalization of $74.18 billion, a PE ratio of 23.80 and a beta of 3.69. Coinbase Global, Inc. has a one year low of $142.58 and a one year high of $444.64. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.40 and a current ratio of 2.40. The business's 50 day moving average price is $311.31 and its 200 day moving average price is $318.57.
Coinbase Global (NASDAQ:COIN - Get Free Report) last posted its earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.40. Coinbase Global had a return on equity of 15.70% and a net margin of 41.99%.The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the business earned $0.28 earnings per share. The company's revenue for the quarter was up 55.1% on a year-over-year basis. As a group, equities research analysts expect that Coinbase Global, Inc. will post 7.22 EPS for the current year.
Analyst Ratings Changes
COIN has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Coinbase Global in a research report on Tuesday, October 14th. Redburn Partners set a $417.00 target price on Coinbase Global in a research report on Friday, October 3rd. Jefferies Financial Group reissued a "hold" rating and set a $384.00 price target on shares of Coinbase Global in a research report on Wednesday, October 29th. China Renaissance upped their target price on shares of Coinbase Global from $444.60 to $479.30 in a research note on Monday, November 3rd. Finally, Rothschild & Co Redburn decreased their price target on shares of Coinbase Global from $417.00 to $404.00 and set a "buy" rating for the company in a research report on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $396.94.
Get Our Latest Stock Analysis on COIN
Institutional Investors Weigh In On Coinbase Global
Several hedge funds and other institutional investors have recently made changes to their positions in COIN. REAP Financial Group LLC purchased a new position in Coinbase Global in the third quarter valued at approximately $25,000. Evelyn Partners Investment Management Europe Ltd grew its position in shares of Coinbase Global by 92.3% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange's stock valued at $29,000 after buying an additional 36 shares during the last quarter. Palisade Asset Management LLC acquired a new stake in Coinbase Global during the 3rd quarter worth $29,000. Cullen Frost Bankers Inc. purchased a new stake in Coinbase Global in the second quarter valued at $30,000. Finally, Salomon & Ludwin LLC boosted its stake 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 acquiring an additional 88 shares in the last quarter. Institutional investors and hedge funds own 68.84% of the company's stock.
Coinbase Global Company Profile
(
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.
Further Reading
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