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 that occurred on Tuesday, April 23rd. The shares were sold at an average price of $232.37, for a total value of $3,806,220.60. Following the completion of the transaction, the director now directly owns 4,662 shares in the company, valued at $1,083,308.94. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, April 17th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The stock was sold at an average price of $213.99, for a total transaction of $3,505,156.20.
• On Monday, April 8th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The stock was sold at an average price of $256.19, for a total transaction of $4,196,392.20.
• On Tuesday, April 2nd, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The shares were sold at an average price of $243.30, for a total value of $3,985,254.00.
• On Tuesday, March 26th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The stock was sold at an average price of $274.97, for a total transaction of $4,504,008.60.
• On Friday, March 15th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The shares were sold at an average price of $238.51, for a total value of $3,906,793.80.
• On Tuesday, March 5th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The shares were sold at an average price of $226.32, for a total transaction 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 shares were 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 value of $12,872,282.52.

Coinbase Global Trading Down 0.3 %

Shares of NASDAQ:COIN traded down $0.76 during trading on Thursday, hitting $223.61. 5,119,559 shares of the company’s stock were exchanged, compared to its average volume of 13,568,734. 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 has a market cap of $54.17 billion, a P/E ratio of 831.00 and a beta of 3.41. The firm has a 50-day moving average price of $229.46 and a two-hundred day moving average price of $159.37. Coinbase Global, Inc. has a 1-year low of $46.43 and a 1-year high of $283.48.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, February 15th. The cryptocurrency exchange reported $1.04 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $826.10 million. During the same period in the previous year, the firm earned ($2.46) earnings per share. The firm’s quarterly revenue was up 51.6% compared to the same quarter last year. Equities analysts predict that Coinbase Global, Inc. will post 2.43 earnings per share for the current year.

Institutional Investors Weigh In On Coinbase Global

Large investors have recently bought and sold shares of the company. Mather Group LLC. bought a new stake in Coinbase Global in the 1st quarter valued at $32,000. Barrett & Company Inc. bought a new position in shares of Coinbase Global during the fourth quarter worth about $26,000. Creekmur Asset Management LLC acquired a new stake in Coinbase Global in the 4th quarter valued at approximately $27,000. Riverview Trust Co acquired a new position in Coinbase Global during the 1st quarter worth approximately $43,000. Finally, Salem Investment Counselors Inc. grew its stake in shares of Coinbase Global by 162.9% during the 1st quarter. Salem Investment Counselors Inc. now owns 184 shares of the cryptocurrency exchange’s stock worth $49,000 after acquiring an additional 114 shares in the last quarter. Institutional investors own 68.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on COIN shares. Raymond James upgraded Coinbase Global from an “underperform” rating to a “market perform” rating in a research report on Tuesday, March 12th. Wedbush upped their target price on shares of Coinbase Global from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Bank of America lifted their price target on shares of Coinbase Global from $92.00 to $110.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. upped their price objective on shares of Coinbase Global from $95.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Finally, Sanford C. Bernstein lifted their target price on shares of Coinbase Global from $80.00 to $200.00 and gave the company a “market perform” rating in a research note on Thursday, April 18th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $165.43.

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.