Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia J. Haas Sells 3,000 Shares

Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia J. Haas sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $360.20, for a total value of $1,080,600.00. Following the transaction, the chief financial officer now owns 97,366 shares in the company, valued at approximately $35,071,233.20. This represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Coinbase Global Trading Down 5.8%

Shares of COIN traded down $21.64 during midday trading on Friday, hitting $353.43. 28,945,154 shares of the stock were exchanged, compared to its average volume of 13,752,254. Coinbase Global, Inc. has a 52-week low of $142.58 and a 52-week high of $382.00. The stock has a fifty day simple moving average of $249.67 and a 200 day simple moving average of $241.93. The firm has a market cap of $89.73 billion, a P/E ratio of 50.35, a P/E/G ratio of 25.85 and a beta of 3.61. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.52 and a current ratio of 2.52.

Coinbase Global (NASDAQ:COIN - Get Free Report) last posted its earnings results on Thursday, May 8th. The cryptocurrency exchange reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($0.24). Coinbase Global had a return on equity of 20.25% and a net margin of 21.14%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the company posted $2.53 EPS. Coinbase Global's revenue was up 24.2% on a year-over-year basis. On average, research analysts anticipate that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on COIN shares. Keefe, Bruyette & Woods boosted their price objective on Coinbase Global from $183.00 to $205.00 and gave the stock a "market perform" rating in a research note on Friday, May 9th. JMP Securities reissued a "market outperform" rating and set a $400.00 price target on shares of Coinbase Global in a research report on Wednesday. Compass Point raised shares of Coinbase Global from a "sell" rating to a "neutral" rating and set a $195.00 price target on the stock in a research report on Monday, May 12th. Needham & Company LLC decreased their target price on shares of Coinbase Global from $330.00 to $270.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Finally, Piper Sandler boosted their target price on shares of Coinbase Global from $180.00 to $190.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Ten investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Coinbase Global presently has an average rating of "Moderate Buy" and a consensus target price of $291.06.

Hedge Funds Weigh In On Coinbase Global

Several hedge funds have recently bought and sold shares of the company. Mascagni Wealth Management Inc. acquired a new stake in shares of Coinbase Global during the fourth quarter worth about $25,000. Copia Wealth Management acquired a new stake in Coinbase Global during the 4th quarter worth approximately $26,000. Bessemer Group Inc. lifted its holdings in Coinbase Global by 297.4% during the 1st quarter. Bessemer Group Inc. now owns 151 shares of the cryptocurrency exchange's stock worth $26,000 after buying an additional 113 shares in the last quarter. Atala Financial Inc acquired a new stake in Coinbase Global during the 4th quarter worth approximately $27,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in Coinbase Global during the 1st quarter worth approximately $30,000. 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.