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 Coinbase Global stock in a transaction on Friday, June 28th. The shares were sold at an average price of $223.95, for a total transaction of $335,925.00. Following the transaction, the chief operating officer now owns 205,971 shares in the company, valued at approximately $46,127,205.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, July 1st, Emilie Choi sold 8,000 shares of Coinbase Global stock. The shares were sold at an average price of $232.24, for a total transaction of $1,857,920.00.
• On Friday, June 14th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $246.16, for a total transaction of $369,240.00.
• On Tuesday, May 14th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $195.90, for a total transaction of $293,850.00.
• On Tuesday, April 30th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $215.00, for a total transaction of $322,500.00.
• On Monday, April 15th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $248.00, for a total transaction of $372,000.00.

Coinbase Global Stock Performance

Shares of NASDAQ:COIN opened at $224.94 on Thursday. The company has a market capitalization of $55.24 billion, a price-to-earnings ratio of 44.90 and a beta of 3.40. Coinbase Global, Inc. has a 12 month low of $69.63 and a 12 month high of $283.48. The firm’s 50-day moving average is $227.68 and its 200 day moving average is $203.47. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.52.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, May 2nd. The cryptocurrency exchange reported $1.65 EPS for the quarter, beating the consensus estimate of $1.04 by $0.61. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.26 billion. Coinbase Global had a net margin of 33.98% and a return on equity of 9.42%. Research analysts predict that Coinbase Global, Inc. will post 5.01 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on COIN shares. JMP Securities reiterated a “market outperform” rating and issued a $320.00 price target on shares of Coinbase Global in a research note on Friday, May 3rd. Canaccord Genuity Group boosted their price target on shares of Coinbase Global from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Raymond James upgraded shares of Coinbase Global from an “underperform” rating to a “market perform” rating in a research note on Tuesday, March 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, The Goldman Sachs Group decreased their price target on shares of Coinbase Global from $295.00 to $255.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $215.50.

Hedge Funds Weigh In On Coinbase Global

Several hedge funds have recently added to or reduced their stakes in the company. Fountainhead AM LLC grew its holdings in Coinbase Global by 2.1% during the 4th quarter. Fountainhead AM LLC now owns 3,957 shares of the cryptocurrency exchange’s stock valued at $688,000 after purchasing an additional 81 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Coinbase Global by 0.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,726 shares of the cryptocurrency exchange’s stock worth $2,561,000 after acquiring an additional 81 shares in the last quarter. Nilsine Partners LLC grew its stake in Coinbase Global by 1.2% in the 1st quarter. Nilsine Partners LLC now owns 6,738 shares of the cryptocurrency exchange’s stock worth $1,786,000 after acquiring an additional 81 shares in the last quarter. Arkadios Wealth Advisors grew its stake in Coinbase Global by 2.6% in the 4th quarter. Arkadios Wealth Advisors now owns 3,395 shares of the cryptocurrency exchange’s stock worth $590,000 after acquiring an additional 86 shares in the last quarter. Finally, Concord Wealth Partners grew its stake in Coinbase Global by 322.2% in the 1st quarter. Concord Wealth Partners now owns 114 shares of the cryptocurrency exchange’s stock worth $30,000 after acquiring an additional 87 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors.

About Coinbase Global

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.