Coinbase Global, Inc. (NASDAQ:COIN) CEO Brian Armstrong sold 15,000 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $168.53, for a total transaction of $2,527,950.00. Following the transaction, the chief executive officer now directly owns 526 shares in the company, valued at approximately $88,646.78. The trade was a 96.61 % decrease in their ownership of the stock. The sale 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 Tuesday, March 25th, Brian Armstrong sold 10,000 shares of Coinbase Global stock. The shares were sold at an average price of $198.15, for a total value of $1,981,500.00.
- On Tuesday, February 11th, Brian Armstrong sold 25,000 shares of Coinbase Global stock. The stock was sold at an average price of $275.26, for a total transaction of $6,881,500.00.
- On Monday, February 3rd, Brian Armstrong sold 25,000 shares of Coinbase Global stock. The shares were sold at an average price of $270.99, for a total transaction of $6,774,750.00.
Coinbase Global Price Performance
NASDAQ:COIN opened at $151.47 on Wednesday. The stock has a market capitalization of $38.46 billion, a PE ratio of 15.94 and a beta of 3.65. Coinbase Global, Inc. has a 52 week low of $142.58 and a 52 week high of $349.75. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.41. The stock's 50-day moving average price is $219.19 and its 200-day moving average price is $242.32.
Coinbase Global (NASDAQ:COIN - Get Free Report) last released its earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share for the quarter, beating the consensus estimate of $0.46 by $2.93. Coinbase Global had a return on equity of 20.64% and a net margin of 39.34%. As a group, equities analysts expect that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.
Analysts Set New Price Targets
COIN has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Coinbase Global from $255.00 to $305.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 18th. Barclays cut their price target on shares of Coinbase Global from $328.00 to $169.00 and set an "equal weight" rating on the stock in a report on Monday. Rosenblatt Securities restated a "buy" rating and issued a $305.00 price objective on shares of Coinbase Global in a report on Wednesday, March 26th. The Goldman Sachs Group started coverage on Coinbase Global in a research note on Thursday, March 20th. They set a "neutral" rating and a $195.00 target price on the stock. Finally, Sanford C. Bernstein upgraded Coinbase Global to a "strong-buy" rating in a research note on Tuesday, March 18th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Coinbase Global currently has a consensus rating of "Moderate Buy" and an average target price of $298.74.
View Our Latest Stock Report on COIN
Institutional Investors Weigh In On Coinbase Global
A number of large investors have recently modified their holdings of COIN. The Manufacturers Life Insurance Company grew its stake in Coinbase Global by 1.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,405 shares of the cryptocurrency exchange's stock valued at $1,854,000 after acquiring an additional 186 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Coinbase Global by 36.8% in the third quarter. Janus Henderson Group PLC now owns 15,524 shares of the cryptocurrency exchange's stock valued at $2,767,000 after purchasing an additional 4,177 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Coinbase Global in the third quarter valued at approximately $450,000. Quantinno Capital Management LP lifted its position in Coinbase Global by 5.6% during the third quarter. Quantinno Capital Management LP now owns 3,700 shares of the cryptocurrency exchange's stock worth $659,000 after buying an additional 195 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in Coinbase Global by 45.4% during the third quarter. Stifel Financial Corp now owns 43,512 shares of the cryptocurrency exchange's stock worth $7,753,000 after buying an additional 13,591 shares during the last quarter. Hedge funds and other institutional investors 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.
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