Coinbase Global, Inc. (NASDAQ:COIN) gapped up before the market opened on Tuesday . The stock had previously closed at $225.19, but opened at $231.97. Coinbase Global shares last traded at $225.50, with a volume of 3,675,257 shares.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the company. JMP Securities reissued a "market outperform" rating and set a $320.00 price objective on shares of Coinbase Global in a research report on Friday, May 3rd. Canaccord Genuity Group upped their price objective on Coinbase Global from $240.00 to $280.00 and gave the stock a "buy" rating in a report on Friday, May 3rd. Piper Sandler increased their price target on Coinbase Global from $225.00 to $245.00 and gave the company a "neutral" rating in a research note on Friday, April 12th. TheStreet raised Coinbase Global from a "d" rating to a "c-" rating in a research note on Friday, February 16th. Finally, Bank of America raised Coinbase Global from an "underperform" rating to a "neutral" rating and increased their price target for the company from $110.00 to $217.00 in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $214.67.
View Our Latest Stock Report on COIN
Coinbase Global Trading Up 0.3 %
The company has a market cap of $55.44 billion, a P/E ratio of 45.76 and a beta of 3.46. The business has a fifty day moving average price of $233.91 and a 200-day moving average price of $177.45. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.52.
Insider Transactions at Coinbase Global
In related news, Director Gokul Rajaram sold 1,145 shares of the business's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $260.00, for a total value of $297,700.00. Following the completion of the sale, the director now directly owns 4,833 shares in the company, valued at $1,256,580. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Gokul Rajaram sold 1,145 shares of the business's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $260.00, for a total value of $297,700.00. Following the completion of the sale, the director now directly owns 4,833 shares in the company, valued at $1,256,580. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Paul Grewal sold 42,113 shares of the company's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $190.34, for a total value of $8,015,788.42. Following the sale, the insider now owns 66,122 shares of the company's stock, valued at $12,585,661.48. The disclosure for this sale can be found here. Insiders sold a total of 470,563 shares of company stock worth $104,873,137 over the last quarter. Company insiders own 33.16% of the company's stock.
Institutional Trading of Coinbase Global
A number of institutional investors have recently bought and sold shares of the company. Fountainhead AM LLC lifted its position in Coinbase Global by 2.1% in the 4th quarter. Fountainhead AM LLC now owns 3,957 shares of the cryptocurrency exchange's stock valued at $688,000 after acquiring an additional 81 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Coinbase Global by 0.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,726 shares of the cryptocurrency exchange's stock valued at $2,561,000 after buying an additional 81 shares during the last quarter. Nilsine Partners LLC increased its stake in Coinbase Global by 1.2% in the 1st quarter. Nilsine Partners LLC now owns 6,738 shares of the cryptocurrency exchange's stock valued at $1,786,000 after buying an additional 81 shares during the last quarter. Arkadios Wealth Advisors increased its stake in Coinbase Global by 2.6% in the 4th quarter. Arkadios Wealth Advisors now owns 3,395 shares of the cryptocurrency exchange's stock valued at $590,000 after buying an additional 86 shares during the last quarter. Finally, Concord Wealth Partners increased its stake in Coinbase Global by 322.2% in the 1st 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. Institutional investors own 68.84% of the company's stock.
Coinbase Global Company Profile
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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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