Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia J. Haas Sells 4,200 Shares

Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia J. Haas sold 4,200 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $247.54, for a total value of $1,039,668.00. Following the transaction, the chief financial officer now owns 192,622 shares in the company, valued at $47,681,649.88. The sale was disclosed in a document filed with the SEC, which is available at this link.

Coinbase Global Price Performance

Shares of COIN traded down $5.05 during trading hours on Wednesday, reaching $213.78. 9,423,899 shares of the company’s stock traded hands, compared to its average volume of 14,044,888. The stock has a market cap of $51.79 billion, a PE ratio of 786.41 and a beta of 3.41. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47. The firm’s 50 day simple moving average is $219.76 and its 200-day simple moving average is $153.77. Coinbase Global, Inc. has a 12 month low of $46.43 and a 12 month high of $283.48.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, February 15th. The cryptocurrency exchange reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $1.13. The firm had revenue of $953.80 million during the quarter, compared to the consensus estimate of $826.10 million. Coinbase Global had a return on equity of 3.54% and a net margin of 3.05%. The company’s revenue for the quarter was up 51.6% on a year-over-year basis. During the same quarter last year, the company posted ($2.46) EPS. Equities analysts expect that Coinbase Global, Inc. will post 2.43 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Citigroup raised their price objective on Coinbase Global from $90.00 to $151.00 and gave the company a “neutral” rating in a research note on Friday, January 19th. Needham & Company LLC raised their target price on Coinbase Global from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, January 8th. Raymond James raised Coinbase Global from an “underperform” rating to a “market perform” rating in a research report on Tuesday, March 12th. JPMorgan Chase & Co. raised their target price on Coinbase Global from $95.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. Finally, Keefe, Bruyette & Woods lifted their price objective on Coinbase Global from $160.00 to $230.00 and gave the stock a “market perform” rating in a report on Wednesday, April 3rd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $163.70.

Institutional Trading of Coinbase Global

Hedge funds have recently bought and sold shares of the company. Raymond James & Associates lifted its position in Coinbase Global by 65.5% in the 4th quarter. Raymond James & Associates now owns 24,165 shares of the cryptocurrency exchange’s stock worth $4,203,000 after buying an additional 9,564 shares during the last quarter. Mariner LLC lifted its position in Coinbase Global by 5.4% in the 3rd quarter. Mariner LLC now owns 82,582 shares of the cryptocurrency exchange’s stock worth $6,200,000 after buying an additional 4,259 shares during the last quarter. Itau Unibanco Holding S.A. lifted its position in Coinbase Global by 10.0% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,374 shares of the cryptocurrency exchange’s stock worth $103,000 after buying an additional 125 shares during the last quarter. Oak Thistle LLC bought a new stake in Coinbase Global in the 4th quarter worth approximately $1,035,000. Finally, Barclays PLC lifted its position in Coinbase Global by 41.5% in the 3rd quarter. Barclays PLC now owns 404,779 shares of the cryptocurrency exchange’s stock worth $30,394,000 after buying an additional 118,670 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

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.