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 stock in a transaction on Friday, September 13th. The shares were sold at an average price of $162.24, for a total value of $243,360.00. Following the sale, the chief operating officer now owns 187,601 shares in the company, valued at $30,436,386.24. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, September 3rd, Emilie Choi sold 8,000 shares of Coinbase Global stock. The shares were sold at an average price of $176.09, for a total value of $1,408,720.00.
• On Friday, August 30th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $188.94, for a total value of $283,410.00.
• On Wednesday, July 31st, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $233.00, for a total value of $349,500.00.
• On Monday, July 15th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $229.70, for a total value of $344,550.00.
• On Monday, July 1st, Emilie Choi sold 8,000 shares of Coinbase Global stock. The stock was sold at an average price of $232.24, for a total value of $1,857,920.00.
• On Friday, June 28th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $223.95, for a total value of $335,925.00.

Coinbase Global Stock Up 0.1 %

Coinbase Global stock opened at $162.64 on Thursday. The business has a fifty day moving average of $200.73 and a two-hundred day moving average of $222.38. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.51. The firm has a market cap of $39.94 billion, a P/E ratio of 32.46 and a beta of 3.36. Coinbase Global, Inc. has a twelve month low of $69.63 and a twelve month high of $283.48.

Coinbase Global (NASDAQ:COIN) last posted its earnings results 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). The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Coinbase Global had a return on equity of 13.89% and a net margin of 31.46%. The firm’s quarterly revenue was up 104.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.42) EPS. On average, analysts forecast that Coinbase Global, Inc. will post 3.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on COIN shares. JMP Securities reissued a “market outperform” rating and set a $320.00 price target on shares of Coinbase Global in a report on Friday, August 2nd. The Goldman Sachs Group reduced their target price on Coinbase Global from $255.00 to $215.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. HC Wainwright reduced their target price on Coinbase Global from $315.00 to $295.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Citigroup raised Coinbase Global from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $260.00 to $345.00 in a report on Tuesday, July 23rd. Finally, Barclays upgraded Coinbase Global from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $206.00 to $169.00 in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $246.06.

Institutional Trading of Coinbase Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in 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 acquiring an additional 2,624,989 shares during the last quarter. Norges Bank purchased a new position in Coinbase Global in the 4th quarter worth $202,936,000. Renaissance Technologies LLC raised its stake in Coinbase Global by 185.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,063,117 shares of the cryptocurrency exchange’s stock worth $236,258,000 after acquiring an additional 691,288 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Coinbase Global by 1,186.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 527,512 shares of the cryptocurrency exchange’s stock worth $139,854,000 after acquiring an additional 486,512 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Coinbase Global by 1,136.7% in the 2nd quarter. American Century Companies Inc. now owns 474,234 shares of the cryptocurrency exchange’s stock worth $105,389,000 after acquiring an additional 435,886 shares during the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

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.