Coinbase Global, Inc. (NASDAQ:COIN) Director Frederick Ernest Ehrsam III sold 114,216 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $202.30, for a total value of $23,105,896.80. Following the completion of the transaction, the director now owns 4,662 shares in the company, valued at $943,122.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Frederick Ernest Ehrsam III also recently made the following trade(s):
- On Wednesday, May 8th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The shares were sold at an average price of $212.08, for a total value of $3,473,870.40.
- On Tuesday, April 23rd, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The stock was sold at an average price of $232.37, for a total value of $3,806,220.60.
- On Wednesday, April 17th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The shares were 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 shares were 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 stock was sold at an average price of $243.30, for a total transaction of $3,985,254.00.
- On Tuesday, March 26th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The shares were 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 stock was sold at an average price of $226.32, for a total value of $3,707,121.60.
- On Monday, February 26th, Frederick Ernest Ehrsam III sold 8,735 shares of Coinbase Global stock. The shares were sold at an average price of $186.00, for a total value of $1,624,710.00.
Coinbase Global Stock Performance
Shares of Coinbase Global stock opened at $199.17 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.52. Coinbase Global, Inc. has a 52 week low of $46.43 and a 52 week high of $283.48. The firm’s 50 day moving average is $235.47 and its two-hundred day moving average is $174.15. The firm has a market capitalization of $48.91 billion, a P/E ratio of 39.75 and a beta of 3.46.
Coinbase Global (NASDAQ:COIN – Get Free Report) last posted its earnings results on Thursday, February 15th. The cryptocurrency exchange reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $1.13. Coinbase Global had a net margin of 33.98% and a return on equity of 9.42%. The firm had revenue of $953.80 million for the quarter, compared to the consensus estimate of $826.10 million. During the same period last year, the firm posted ($2.46) EPS. The company’s revenue was up 51.6% on a year-over-year basis. Research analysts forecast that Coinbase Global, Inc. will post 5.01 EPS for the current fiscal year.
Wall Street Analyst Weigh In
COIN has been the subject of several research reports. Wedbush lifted their target price on Coinbase Global from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Sanford C. Bernstein upped their target price on shares of Coinbase Global from $80.00 to $200.00 and gave the stock a “market perform” rating in a research note on Thursday, April 18th. Oppenheimer increased their target price on shares of Coinbase Global from $276.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Keefe, Bruyette & Woods boosted their price target on shares of Coinbase Global from $230.00 to $240.00 and gave the stock a “market perform” rating in a research note on Friday, May 3rd. Finally, Raymond James upgraded Coinbase Global from an “underperform” rating to a “market perform” rating in a research note on Tuesday, March 12th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $208.72.
Check Out Our Latest Stock Analysis on Coinbase Global
Hedge Funds Weigh In On Coinbase Global
Several large investors have recently bought and sold shares of COIN. Barrett & Company Inc. purchased a new stake in shares of Coinbase Global in the 4th quarter valued at about $26,000. Creekmur Asset Management LLC acquired a new position in Coinbase Global during the fourth quarter worth approximately $27,000. Concord Wealth Partners lifted its stake in Coinbase Global by 322.2% in the first quarter. Concord Wealth Partners now owns 114 shares of the cryptocurrency exchange’s stock valued at $30,000 after buying an additional 87 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Coinbase Global by 833.3% in the first quarter. Geneos Wealth Management Inc. now owns 112 shares of the cryptocurrency exchange’s stock valued at $30,000 after acquiring an additional 100 shares during the period. Finally, Mather Group LLC. purchased a new position in shares of Coinbase Global during the first quarter worth approximately $32,000. Institutional investors and hedge funds 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.
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