Frederick Ernest Ehrsam III Sells 16,380 Shares of Coinbase Global, Inc. (NASDAQ:COIN) Stock

Coinbase Global, Inc. (NASDAQ:COIN) Director Frederick Ernest Ehrsam III sold 16,380 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $274.97, for a total value of $4,504,008.60. Following the transaction, the director now directly owns 4,662 shares of the company’s stock, valued at approximately $1,281,910.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Frederick Ernest Ehrsam III also recently made the following trade(s):

• On Friday, March 15th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The stock was sold at an average price of $238.51, for a total transaction of $3,906,793.80.
• On Tuesday, March 5th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The stock was sold at an average price of $226.32, for a total value of $3,707,121.60.
• On Monday, February 26th, Frederick Ernest Ehrsam III sold 8,735 shares of Coinbase Global stock. The stock was sold at an average price of $186.00, for a total transaction of $1,624,710.00.
• On Wednesday, February 7th, Frederick Ernest Ehrsam III sold 82,130 shares of Coinbase Global stock. The stock was sold at an average price of $119.73, for a total value of $9,833,424.90.
• On Wednesday, January 31st, Frederick Ernest Ehrsam III sold 97,836 shares of Coinbase Global stock. The stock was sold at an average price of $131.57, for a total transaction of $12,872,282.52.
• On Thursday, January 25th, Frederick Ernest Ehrsam III sold 81,530 shares of Coinbase Global stock. The shares were sold at an average price of $121.29, for a total value of $9,888,773.70.
• On Wednesday, January 17th, Frederick Ernest Ehrsam III sold 97,836 shares of Coinbase Global stock. The stock was sold at an average price of $131.90, for a total transaction of $12,904,568.40.
• On Friday, January 12th, Frederick Ernest Ehrsam III sold 97,836 shares of Coinbase Global stock. The stock was sold at an average price of $134.24, for a total transaction of $13,133,504.64.

Coinbase Global Trading Up 3.3 %

Coinbase Global stock traded up $8.42 during mid-day trading on Thursday, hitting $265.12. 11,179,032 shares of the company’s stock were exchanged, compared to its average volume of 15,018,626. The company’s 50 day simple moving average is $185.44 and its 200-day simple moving average is $136.47. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $64.23 billion, a P/E ratio of 981.93 and a beta of 3.36. Coinbase Global, Inc. has a fifty-two week low of $46.43 and a fifty-two week high of $283.48.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings data on Thursday, February 15th. The cryptocurrency exchange reported $1.04 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $1.13. Coinbase Global had a return on equity of 3.54% and a net margin of 3.05%. The business had revenue of $953.80 million for the quarter, compared to analysts’ expectations of $826.10 million. During the same quarter in the previous year, the business posted ($2.46) EPS. Coinbase Global’s revenue for the quarter was up 51.6% on a year-over-year basis. On average, equities analysts anticipate that Coinbase Global, Inc. will post 1.68 earnings per share for the current year.

Hedge Funds Weigh In On Coinbase Global

A number of large investors have recently added to or reduced their stakes in the company. Barrett & Company Inc. acquired a new position in shares of Coinbase Global during the fourth quarter worth about $26,000. Ancora Advisors LLC grew its stake in shares of Coinbase Global by 144.0% during the 4th quarter. Ancora Advisors LLC now owns 737 shares of the cryptocurrency exchange’s stock worth $26,000 after acquiring an additional 435 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of Coinbase Global in the fourth quarter valued at approximately $27,000. Tyler Stone Wealth Management acquired a new position in Coinbase Global during the second quarter worth $31,000. Finally, Quarry LP bought a new position in Coinbase Global in the fourth quarter valued at $32,000. Institutional investors own 68.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Canaccord Genuity Group reissued a “buy” rating and set a $240.00 price target on shares of Coinbase Global in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on Coinbase Global from $95.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. Raymond James upgraded Coinbase Global from an “underperform” rating to a “market perform” rating in a research report on Tuesday, March 12th. Wedbush raised their price target on Coinbase Global from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Finally, Keefe, Bruyette & Woods upgraded Coinbase Global from an “underperform” rating to a “market perform” rating and lifted their price objective for the stock from $93.00 to $160.00 in a research report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $141.30.

Coinbase Global Company Profile

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.