Coinbase Global, Inc. (NASDAQ:COIN) CFO Sells $430,897.50 in Stock

Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia J. Haas sold 1,741 shares of the business’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $247.50, for a total transaction of $430,897.50. Following the transaction, the chief financial officer now owns 10,450 shares in the company, valued at $2,586,375. The trade was a 14.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Coinbase Global Stock Performance

NASDAQ COIN opened at $308.38 on Friday. Coinbase Global, Inc. has a 1 year low of $142.58 and a 1 year high of $349.75. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.52 and a quick ratio of 2.52. The firm has a market cap of $78.29 billion, a price-to-earnings ratio of 57.75, a PEG ratio of 21.52 and a beta of 3.61. The company has a fifty day moving average price of $232.43 and a 200-day moving average price of $241.05.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings results on Thursday, May 8th. The cryptocurrency exchange reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($0.24). The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.22 billion. Coinbase Global had a net margin of 21.14% and a return on equity of 20.25%. Coinbase Global’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.53 EPS. As a group, equities research analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on COIN. China Renaissance began coverage on shares of Coinbase Global in a research report on Tuesday. They set a “buy” rating and a $353.30 target price on the stock. Citigroup restated a “neutral” rating on shares of Coinbase Global in a report on Thursday, May 8th. Keefe, Bruyette & Woods upped their price objective on shares of Coinbase Global from $183.00 to $205.00 and gave the stock a “market perform” rating in a report on Friday, May 9th. William Blair began coverage on shares of Coinbase Global in a report on Wednesday, June 11th. They set an “outperform” rating on the stock. Finally, Oppenheimer set a $293.00 price objective on shares of Coinbase Global in a report on Thursday, May 15th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $271.88.

Hedge Funds Weigh In On Coinbase Global

Several institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its position in Coinbase Global by 4.3% during the fourth quarter. Farther Finance Advisors LLC now owns 964 shares of the cryptocurrency exchange’s stock valued at $239,000 after buying an additional 40 shares during the period. IPG Investment Advisors LLC grew its position in Coinbase Global by 2.0% during the fourth quarter. IPG Investment Advisors LLC now owns 2,261 shares of the cryptocurrency exchange’s stock valued at $561,000 after buying an additional 45 shares during the period. Vivaldi Capital Management LP grew its position in Coinbase Global by 0.3% during the fourth quarter. Vivaldi Capital Management LP now owns 13,843 shares of the cryptocurrency exchange’s stock valued at $3,437,000 after buying an additional 47 shares during the period. Brooklyn Investment Group grew its position in Coinbase Global by 7.1% during the first quarter. Brooklyn Investment Group now owns 720 shares of the cryptocurrency exchange’s stock valued at $124,000 after buying an additional 48 shares during the period. Finally, Rede Wealth LLC grew its position in Coinbase Global by 0.6% during the first quarter. Rede Wealth LLC now owns 8,027 shares of the cryptocurrency exchange’s stock valued at $1,382,000 after buying an additional 50 shares during the period. 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.