Emilie Choi Sells 1,500 Shares of Coinbase Global, Inc. (NASDAQ:COIN) Stock

Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi sold 1,500 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $248.00, for a total transaction of $372,000.00. Following the sale, the chief operating officer now directly owns 215,351 shares of the company’s stock, valued at approximately $53,407,048. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Emilie Choi also recently made the following trade(s):

• 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.
• On Wednesday, January 31st, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $129.31, for a total transaction of $193,965.00.

Coinbase Global Stock Up 2.0 %

Shares of NASDAQ COIN opened at $218.08 on Friday. The firm’s 50-day moving average price is $223.31 and its 200-day moving average price is $154.63. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $52.83 billion, a price-to-earnings ratio of 807.70 and a beta of 3.41. Coinbase Global, Inc. has a 12-month low of $46.43 and a 12-month high of $283.48.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, February 15th. The cryptocurrency exchange reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $1.13. Coinbase Global had a net margin of 3.05% and a return on equity of 3.54%. The firm had revenue of $953.80 million for the quarter, compared to analysts’ expectations of $826.10 million. During the same period in the prior year, the company earned ($2.46) EPS. The business’s revenue was up 51.6% compared to the same quarter last year. On average, equities research analysts anticipate that Coinbase Global, Inc. will post 2.43 EPS for the current fiscal year.

Institutional Trading of Coinbase Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COIN. Fairfield Bush & CO. raised its position in Coinbase Global by 18.4% in the 1st quarter. Fairfield Bush & CO. now owns 1,770 shares of the cryptocurrency exchange’s stock worth $336,000 after purchasing an additional 275 shares during the period. United Bank purchased a new stake in Coinbase Global in the 1st quarter worth about $286,000. Bank of New York Mellon Corp raised its position in Coinbase Global by 2.7% in the 1st quarter. Bank of New York Mellon Corp now owns 70,553 shares of the cryptocurrency exchange’s stock worth $13,394,000 after purchasing an additional 1,844 shares during the period. American Century Companies Inc. raised its position in Coinbase Global by 269.2% in the 1st quarter. American Century Companies Inc. now owns 7,147 shares of the cryptocurrency exchange’s stock worth $1,357,000 after purchasing an additional 5,211 shares during the period. Finally, Synovus Financial Corp raised its position in Coinbase Global by 26.6% in the 1st quarter. Synovus Financial Corp now owns 1,103 shares of the cryptocurrency exchange’s stock worth $209,000 after purchasing an additional 232 shares during the period. 68.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on COIN shares. Needham & Company LLC upped their target price on shares of Coinbase Global from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, January 8th. HC Wainwright upped their target price on shares of Coinbase Global from $115.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Mizuho boosted their price target on shares of Coinbase Global from $84.00 to $145.00 and gave the stock an “underperform” rating in a research note on Friday, April 12th. Piper Sandler boosted their price target on shares of Coinbase Global from $225.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Finally, TheStreet upgraded shares of Coinbase Global from a “d” rating to a “c-” rating in a research note on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Coinbase Global currently has a consensus rating of “Hold” and an average price target of $165.43.

Coinbase Global Company Profile

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.