Coinbase Global, Inc. (NASDAQ:COIN) Director Gokul Rajaram sold 400 shares of the firm's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $204.44, for a total transaction of $81,776.00. Following the sale, the director now owns 7,771 shares in the company, valued at approximately $1,588,703.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Coinbase Global Stock Performance
Coinbase Global stock opened at $220.21 on Friday. Coinbase Global, Inc. has a 1-year low of $70.42 and a 1-year high of $283.48. The firm has a market cap of $54.08 billion, a P/E ratio of 43.95 and a beta of 3.35. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average of $180.16 and a 200-day moving average of $211.67.
Coinbase Global (NASDAQ:COIN - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The cryptocurrency exchange reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $1.07 by ($0.93). Coinbase Global had a return on equity of 13.89% and a net margin of 31.46%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the business posted ($0.42) earnings per share. Coinbase Global's quarterly revenue was up 104.8% compared to the same quarter last year. Sell-side analysts expect that Coinbase Global, Inc. will post 3.92 EPS for the current year.
Institutional Trading of Coinbase Global
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Several large investors have recently added to or reduced their stakes in COIN. Vanguard Group Inc. lifted its position in shares of Coinbase Global by 18.4% in the 1st quarter. Vanguard Group Inc. now owns 16,906,269 shares of the cryptocurrency exchange's stock worth $4,482,190,000 after purchasing an additional 2,624,989 shares during the period. Renaissance Technologies LLC raised its stake in Coinbase Global by 185.9% in the second quarter. Renaissance Technologies LLC now owns 1,063,117 shares of the cryptocurrency exchange's stock worth $236,258,000 after buying an additional 691,288 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in Coinbase Global by 1,186.6% in the first quarter. Canada Pension Plan Investment Board now owns 527,512 shares of the cryptocurrency exchange's stock worth $139,854,000 after buying an additional 486,512 shares during the period. American Century Companies Inc. boosted its position in Coinbase Global by 1,136.7% during the 2nd quarter. American Century Companies Inc. now owns 474,234 shares of the cryptocurrency exchange's stock valued at $105,389,000 after acquiring an additional 435,886 shares in the last quarter. Finally, APEIRON CAPITAL Ltd purchased a new position in shares of Coinbase Global during the 1st quarter worth approximately $108,434,000. Institutional investors own 68.84% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on COIN. HC Wainwright lowered their price target on Coinbase Global from $315.00 to $295.00 and set a "buy" rating on the stock in a research report on Friday, August 2nd. Barclays raised their price objective on Coinbase Global from $169.00 to $175.00 and gave the company an "equal weight" rating in a report on Monday, October 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $260.00 target price on shares of Coinbase Global in a research note on Monday, August 5th. The Goldman Sachs Group decreased their price target on shares of Coinbase Global from $255.00 to $215.00 and set a "neutral" rating on the stock in a research note on Thursday, July 11th. Finally, Canaccord Genuity Group restated a "buy" rating and issued a $280.00 price objective on shares of Coinbase Global in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Coinbase Global presently has an average rating of "Hold" and a consensus price target of $246.44.
Read Our Latest Stock Report on COIN
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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