Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia J. Haas sold 7,575 shares of the stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $200.00, for a total value of $1,515,000.00. Following the sale, the chief financial officer now directly owns 107,291 shares in the company, valued at $21,458,200. This trade represents a 6.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Coinbase Global Price Performance
Shares of NASDAQ:COIN opened at $209.64 on Friday. Coinbase Global, Inc. has a twelve month low of $142.58 and a twelve month high of $349.75. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41. The company has a market cap of $53.22 billion, a PE ratio of 22.07 and a beta of 3.65. The company's 50 day moving average is $191.91 and its 200 day moving average is $242.35.
Coinbase Global (NASDAQ:COIN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $2.93. Coinbase Global had a net margin of 39.34% and a return on equity of 20.64%. On average, sell-side analysts forecast that Coinbase Global, Inc. will post 7.22 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. JMP Securities cut their target price on Coinbase Global from $475.00 to $400.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Rosenblatt Securities cut their price objective on shares of Coinbase Global from $305.00 to $290.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Bank of America decreased their target price on shares of Coinbase Global from $363.00 to $311.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Sanford C. Bernstein raised shares of Coinbase Global to a "strong-buy" rating in a report on Tuesday, March 18th. Finally, Keefe, Bruyette & Woods increased their price objective on Coinbase Global from $255.00 to $305.00 and gave the company a "market perform" rating in a report on Tuesday, February 18th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $295.65.
Check Out Our Latest Research Report on Coinbase Global
Hedge Funds Weigh In On Coinbase Global
Several institutional investors and hedge funds have recently modified their holdings of COIN. McElhenny Sheffield Capital Management LLC purchased a new position in Coinbase Global during the fourth quarter valued at approximately $252,000. Virtu Financial LLC acquired a new stake in shares of Coinbase Global during the 3rd quarter worth approximately $3,866,000. Savant Capital LLC purchased a new position in shares of Coinbase Global during the 4th quarter valued at approximately $591,000. Principal Financial Group Inc. lifted its stake in shares of Coinbase Global by 219.2% in the 3rd quarter. Principal Financial Group Inc. now owns 53,648 shares of the cryptocurrency exchange's stock valued at $9,558,000 after purchasing an additional 36,843 shares during the period. Finally, Everence Capital Management Inc. purchased a new stake in Coinbase Global during the fourth quarter worth $1,207,000. Institutional investors and hedge funds own 68.84% of the company's stock.
About Coinbase Global
(
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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