Coinbase Global, Inc. (NASDAQ:COIN) CEO Brian Armstrong sold 198,300 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $397.87, for a total value of $78,897,621.00. Following the completion of the transaction, the chief executive officer directly owned 526 shares in the company, valued at $209,279.62. This trade represents a 99.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Brian Armstrong also recently made the following trade(s):
- On Tuesday, July 15th, Brian Armstrong sold 183,506 shares of Coinbase Global stock. The shares were sold at an average price of $397.17, for a total value of $72,883,078.02.
- On Monday, July 14th, Brian Armstrong sold 165,443 shares of Coinbase Global stock. The shares were sold at an average price of $395.82, for a total value of $65,485,648.26.
- On Friday, July 11th, Brian Armstrong sold 27,751 shares of Coinbase Global stock. The shares were sold at an average price of $389.05, for a total value of $10,796,526.55.
- On Tuesday, July 1st, Brian Armstrong sold 25,000 shares of Coinbase Global stock. The stock was sold at an average price of $338.29, for a total value of $8,457,250.00.
- On Thursday, June 26th, Brian Armstrong sold 113,735 shares of Coinbase Global stock. The stock was sold at an average price of $363.15, for a total value of $41,302,865.25.
- On Wednesday, June 25th, Brian Armstrong sold 336,265 shares of Coinbase Global stock. The stock was sold at an average price of $362.61, for a total value of $121,933,051.65.
- On Wednesday, June 11th, Brian Armstrong sold 25,000 shares of Coinbase Global stock. The stock was sold at an average price of $255.34, for a total value of $6,383,500.00.
- On Monday, June 2nd, Brian Armstrong sold 25,000 shares of Coinbase Global stock. The shares were sold at an average price of $247.15, for a total value of $6,178,750.00.
- On Monday, May 5th, Brian Armstrong sold 25,000 shares of Coinbase Global stock. The shares were sold at an average price of $200.54, for a total value of $5,013,500.00.
- On Wednesday, April 23rd, Brian Armstrong sold 20,000 shares of Coinbase Global stock. The stock was sold at an average price of $198.44, for a total value of $3,968,800.00.
Coinbase Global Trading Up 3.2%
Shares of NASDAQ COIN traded up $12.55 during trading on Thursday, reaching $410.75. The stock had a trading volume of 16,730,775 shares, compared to its average volume of 11,004,714. Coinbase Global, Inc. has a fifty-two week low of $142.58 and a fifty-two week high of $417.73. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.52 and a current ratio of 2.52. The business's 50-day moving average price is $297.88 and its 200-day moving average price is $250.10. The company has a market cap of $104.28 billion, a P/E ratio of 76.92, a PEG ratio of 30.30 and a beta of 3.70.
Coinbase Global (NASDAQ:COIN - Get Free Report) last released its earnings results on Thursday, May 8th. The cryptocurrency exchange reported $1.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.18 by ($0.24). The company had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.22 billion. Coinbase Global had a net margin of 21.14% and a return on equity of 20.25%. The company's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter last year, the business posted $2.53 earnings per share. On average, equities research analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
COIN has been the subject of a number of analyst reports. Jefferies Financial Group restated a "hold" rating and set a $260.00 price objective (up from $210.00) on shares of Coinbase Global in a research note on Tuesday, May 27th. The Goldman Sachs Group increased their price objective on Coinbase Global from $239.00 to $268.00 and gave the company a "neutral" rating in a report on Monday, July 7th. Benchmark upped their target price on Coinbase Global from $301.00 to $421.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Citigroup restated an "outperform" rating on shares of Coinbase Global in a research note on Monday. Finally, Keefe, Bruyette & Woods increased their price target on Coinbase Global from $183.00 to $205.00 and gave the stock a "market perform" rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Coinbase Global currently has a consensus rating of "Moderate Buy" and a consensus price target of $313.10.
View Our Latest Stock Report on COIN
Institutional Trading of Coinbase Global
A number of institutional investors have recently bought and sold shares of COIN. Vanguard Group Inc. lifted its holdings in shares of Coinbase Global by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 19,294,456 shares of the cryptocurrency exchange's stock valued at $3,323,084,000 after purchasing an additional 875,359 shares during the last quarter. Geode Capital Management LLC raised its stake in Coinbase Global by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 3,552,694 shares of the cryptocurrency exchange's stock valued at $882,822,000 after acquiring an additional 127,075 shares during the last quarter. ARK Investment Management LLC raised its stake in Coinbase Global by 1.1% during the 1st quarter. ARK Investment Management LLC now owns 3,069,107 shares of the cryptocurrency exchange's stock valued at $528,592,000 after acquiring an additional 34,462 shares during the last quarter. Groupama Asset Managment raised its stake in Coinbase Global by 100.0% during the 1st quarter. Groupama Asset Managment now owns 3,000,000 shares of the cryptocurrency exchange's stock valued at $516,690,000 after acquiring an additional 1,500,000 shares during the last quarter. Finally, Norges Bank purchased a new stake in Coinbase Global during the 4th quarter valued at approximately $536,484,000. 68.84% of the stock is owned by hedge funds and other institutional investors.
About Coinbase Global
(
Get Free Report)
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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