Coinbase Global, Inc. (NASDAQ:COIN) CEO Brian Armstrong sold 23,075 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $224.13, for a total value of $5,171,799.75. Following the completion of the transaction, the chief executive officer now directly owns 526 shares in the company, valued at approximately $117,892.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Brian Armstrong also recently made the following trade(s):
- On Monday, April 15th, Brian Armstrong sold 23,075 shares of Coinbase Global stock. The stock was sold at an average price of $238.26, for a total transaction of $5,497,849.50.
- On Thursday, April 4th, Brian Armstrong sold 23,075 shares of Coinbase Global stock. The shares were sold at an average price of $256.30, for a total value of $5,914,122.50.
- On Monday, February 12th, Brian Armstrong sold 23,075 shares of Coinbase Global stock. The shares were sold at an average price of $147.03, for a total value of $3,392,717.25.
Coinbase Global Stock Down 5.5 %
Shares of NASDAQ COIN traded down $12.59 during midday trading on Tuesday, hitting $214.34. The stock had a trading volume of 8,133,672 shares, compared to its average volume of 13,232,719. The business's 50 day moving average is $237.03 and its 200-day moving average is $168.14. Coinbase Global, Inc. has a 52 week low of $46.43 and a 52 week high of $283.48. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.52. The company has a market cap of $51.93 billion, a P/E ratio of 42.78 and a beta of 3.46.
Coinbase Global (NASDAQ:COIN - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The cryptocurrency exchange reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $1.13. The business had revenue of $953.80 million for the quarter, compared to analysts' expectations of $826.10 million. Coinbase Global had a return on equity of 9.42% and a net margin of 33.98%. The firm's quarterly revenue was up 51.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($2.46) EPS. As a group, analysts predict that Coinbase Global, Inc. will post 2.71 EPS for the current year.
Analyst Ratings Changes
COIN has been the subject of a number of recent analyst reports. Canaccord Genuity Group upped their price target on shares of Coinbase Global from $240.00 to $280.00 and gave the company a "buy" rating in a report on Friday. HC Wainwright lifted their price target on shares of Coinbase Global from $250.00 to $300.00 and gave the company a "buy" rating in a report on Monday, April 29th. Mizuho upped their price objective on shares of Coinbase Global from $84.00 to $145.00 and gave the stock an "underperform" rating in a report on Friday, April 12th. Needham & Company LLC reduced their price target on shares of Coinbase Global from $275.00 to $260.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Barclays raised their price objective on shares of Coinbase Global from $179.00 to $204.00 and gave the stock an "underweight" rating in a report on Monday. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $193.85.
Get Our Latest Research Report on COIN
Institutional Investors Weigh In On Coinbase Global
Institutional investors have recently modified their holdings of the business. Barrett & Company Inc. purchased a new stake in shares of Coinbase Global during the 4th quarter valued at about $26,000. Creekmur Asset Management LLC purchased a new stake in Coinbase Global in the fourth quarter worth approximately $27,000. Concord Wealth Partners grew its position in Coinbase Global by 322.2% in the 1st quarter. Concord Wealth Partners now owns 114 shares of the cryptocurrency exchange's stock worth $30,000 after purchasing an additional 87 shares during the period. Geneos Wealth Management Inc. raised its stake in Coinbase Global by 833.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 112 shares of the cryptocurrency exchange's stock valued at $30,000 after buying an additional 100 shares during the last quarter. Finally, Mather Group LLC. bought a new position in shares of Coinbase Global during the 1st quarter valued at $32,000. 68.84% of the stock is owned by hedge funds and other institutional investors.
Coinbase Global Company Profile
(
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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