Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi Sells 1,500 Shares

Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $215.00, for a total value of $322,500.00. Following the sale, the chief operating officer now owns 213,851 shares of the company’s stock, valued at approximately $45,977,965. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, April 15th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $248.00, for a total value of $372,000.00.
• On Thursday, March 28th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $260.00, for a total value of $390,000.00.
• On Thursday, March 14th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $245.00, for a total transaction of $367,500.00.
• On Friday, February 2nd, Emilie Choi sold 700 shares of Coinbase Global stock. The shares were sold at an average price of $130.29, for a total transaction of $91,203.00.

Coinbase Global Trading Up 8.9 %

COIN traded up $18.76 during trading on Thursday, hitting $228.85. 12,408,834 shares of the stock traded hands, compared to its average volume of 13,326,748. The firm has a 50-day moving average of $234.06 and a 200 day moving average of $164.32. Coinbase Global, Inc. has a 12-month low of $46.43 and a 12-month high of $283.48. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $55.44 billion, a P/E ratio of 845.07 and a beta of 3.46.

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. Coinbase Global had a net margin of 3.05% and a return on equity of 3.54%. The company had revenue of $953.80 million during the quarter, compared to analysts’ expectations of $826.10 million. During the same period last year, the company posted ($2.46) EPS. Coinbase Global’s revenue was up 51.6% on a year-over-year basis. Equities research analysts anticipate that Coinbase Global, Inc. will post 2.6 EPS for the current year.

Institutional Trading of Coinbase Global

Large investors have recently made changes to their positions in the stock. Raymond James & Associates grew its position in Coinbase Global by 65.5% during the fourth quarter. Raymond James & Associates now owns 24,165 shares of the cryptocurrency exchange’s stock valued at $4,203,000 after buying an additional 9,564 shares during the period. Masso Torrence Wealth Management Inc. purchased a new position in Coinbase Global during the fourth quarter valued at approximately $302,000. Mariner LLC lifted its holdings in Coinbase Global by 5.4% during the third quarter. Mariner LLC now owns 82,582 shares of the cryptocurrency exchange’s stock valued at $6,200,000 after purchasing an additional 4,259 shares in the last quarter. Itau Unibanco Holding S.A. lifted its holdings in Coinbase Global by 10.0% during the third quarter. Itau Unibanco Holding S.A. now owns 1,374 shares of the cryptocurrency exchange’s stock valued at $103,000 after purchasing an additional 125 shares in the last quarter. Finally, Oak Thistle LLC purchased a new position in Coinbase Global during the fourth quarter valued at approximately $1,035,000. 68.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on COIN shares. Citigroup lifted their price target on shares of Coinbase Global from $90.00 to $151.00 and gave the company a “neutral” rating in a research report on Friday, January 19th. Oppenheimer boosted their price objective on shares of Coinbase Global from $200.00 to $276.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. TheStreet upgraded shares of Coinbase Global from a “d” rating to a “c-” rating in a research report on Friday, February 16th. Raymond James upgraded shares of Coinbase Global from an “underperform” rating to a “market perform” rating in a research report on Tuesday, March 12th. Finally, JMP Securities restated a “market outperform” rating on shares of Coinbase Global in a research report on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Coinbase Global currently has an average rating of “Hold” and a consensus price target of $167.81.

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.