Insider Selling: Coinbase Global, Inc. (NASDAQ:COIN) Insider Sells $1,981,200.00 in Stock

Coinbase Global, Inc. (NASDAQ:COIN) insider Paul Grewal sold 10,000 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $198.12, for a total transaction of $1,981,200.00. Following the transaction, the insider now directly owns 83,313 shares of the company’s stock, valued at $16,505,971.56. The trade was a 10.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Paul Grewal also recently made the following trade(s):

• On Tuesday, February 25th, Paul Grewal sold 10,978 shares of Coinbase Global stock. The stock was sold at an average price of $211.93, for a total transaction of $2,326,567.54.

Coinbase Global Price Performance

Shares of NASDAQ:COIN opened at $209.64 on Monday. The company’s fifty day moving average price is $191.91 and its 200 day moving average price is $243.42. Coinbase Global, Inc. has a 12 month low of $142.58 and a 12 month high of $349.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28. The firm has a market capitalization of $53.22 billion, a P/E ratio of 22.07 and a beta of 3.65.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data on Thursday, February 13th. The cryptocurrency exchange reported $3.39 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $2.93. Coinbase Global had a net margin of 39.34% and a return on equity of 20.64%. As a group, sell-side analysts predict that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of COIN. SOA Wealth Advisors LLC. boosted its holdings in Coinbase Global by 17.7% in the 4th quarter. SOA Wealth Advisors LLC. now owns 266 shares of the cryptocurrency exchange’s stock valued at $66,000 after purchasing an additional 40 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Coinbase Global by 4.3% in the 4th quarter. Farther Finance Advisors LLC now owns 964 shares of the cryptocurrency exchange’s stock valued at $239,000 after purchasing an additional 40 shares in the last quarter. Yousif Capital Management LLC increased its stake in Coinbase Global by 1.7% in the 4th quarter. Yousif Capital Management LLC now owns 2,559 shares of the cryptocurrency exchange’s stock valued at $635,000 after purchasing an additional 44 shares in the last quarter. Capital Advisors Wealth Management LLC increased its stake in Coinbase Global by 3.2% in the 4th quarter. Capital Advisors Wealth Management LLC now owns 1,470 shares of the cryptocurrency exchange’s stock valued at $365,000 after purchasing an additional 45 shares in the last quarter. Finally, IPG Investment Advisors LLC increased its stake in Coinbase Global by 2.0% in the 4th quarter. IPG Investment Advisors LLC now owns 2,261 shares of the cryptocurrency exchange’s stock valued at $561,000 after purchasing an additional 45 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COIN has been the subject of several recent research reports. Oppenheimer reissued an “outperform” rating on shares of Coinbase Global in a research report on Monday, February 10th. Benchmark initiated coverage on shares of Coinbase Global in a research report on Wednesday, April 23rd. They issued a “buy” rating and a $252.00 price target for the company. Cantor Fitzgerald initiated coverage on shares of Coinbase Global in a research report on Tuesday, April 8th. They issued an “overweight” rating and a $245.00 price target for the company. Sanford C. Bernstein raised shares of Coinbase Global to a “strong-buy” rating in a research report on Tuesday, March 18th. Finally, Canaccord Genuity Group raised their price target on shares of Coinbase Global from $280.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $295.65.

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.