Coinbase Global, Inc. (NASDAQ:COIN) CEO Sells $1,644,661.83 in Stock

Coinbase Global, Inc. (NASDAQ:COIN) CEO Brian Armstrong sold 31,143 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $52.81, for a total value of $1,644,661.83. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Brian Armstrong also recently made the following trade(s):

• On Friday, January 13th, Brian Armstrong sold 58,053 shares of Coinbase Global stock. The shares were sold at an average price of $50.06, for a total value of $2,906,133.18.
• On Wednesday, January 4th, Brian Armstrong sold 14,866 shares of Coinbase Global stock. The shares were sold at an average price of $36.84, for a total value of $547,663.44.
• On Tuesday, December 20th, Brian Armstrong sold 14,866 shares of Coinbase Global stock. The stock was sold at an average price of $35.31, for a total value of $524,918.46.
• On Monday, December 5th, Brian Armstrong sold 14,866 shares of Coinbase Global stock. The stock was sold at an average price of $46.86, for a total value of $696,620.76.
• On Monday, November 21st, Brian Armstrong sold 14,866 shares of Coinbase Global stock. The stock was sold at an average price of $42.00, for a total value of $624,372.00.
• On Friday, November 11th, Brian Armstrong sold 29,732 shares of Coinbase Global stock. The stock was sold at an average price of $54.66, for a total value of $1,625,151.12.

Coinbase Global Stock Down 1.6 %

COIN opened at $49.42 on Friday. Coinbase Global, Inc. has a one year low of $31.55 and a one year high of $232.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.05 and a current ratio of 1.05. The stock’s fifty day moving average is $42.17 and its 200-day moving average is $59.27. The company has a market capitalization of $11.22 billion, a PE ratio of -8.14 and a beta of 2.16.

Coinbase Global (NASDAQ:COIN – Get Rating) last posted its quarterly earnings data on Thursday, November 3rd. The cryptocurrency exchange reported ($2.43) EPS for the quarter, missing analysts’ consensus estimates of ($2.23) by ($0.20). Coinbase Global had a negative return on equity of 20.19% and a negative net margin of 24.25%. The firm had revenue of $590.34 million during the quarter, compared to the consensus estimate of $642.76 million. On average, equities analysts predict that Coinbase Global, Inc. will post -11.7 EPS for the current fiscal year.

Analysts Set New Price Targets

COIN has been the subject of several research reports. Jefferies Financial Group initiated coverage on Coinbase Global in a research report on Monday, January 9th. They issued a “hold” rating and a $35.00 target price for the company. JMP Securities decreased their target price on Coinbase Global from $155.00 to $80.00 and set a “market outperform” rating for the company in a research report on Monday, January 9th. KeyCorp started coverage on Coinbase Global in a report on Monday, December 12th. They issued a “sector weight” rating on the stock. Cowen downgraded Coinbase Global from an “outperform” rating to a “market perform” rating and set a $36.00 price target on the stock. in a report on Thursday, January 5th. Finally, Keefe, Bruyette & Woods cut their price target on Coinbase Global from $37.00 to $32.00 and set an “underperform” rating on the stock in a report on Thursday, January 12th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $74.29.

Institutional Trading of Coinbase Global

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Tsfg LLC raised its stake in shares of Coinbase Global by 27.9% in the 4th quarter. Tsfg LLC now owns 1,246 shares of the cryptocurrency exchange’s stock worth $44,000 after buying an additional 272 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC grew its holdings in shares of Coinbase Global by 69.9% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 921 shares of the cryptocurrency exchange’s stock worth $32,000 after acquiring an additional 379 shares during the last quarter. Activest Wealth Management grew its holdings in shares of Coinbase Global by 27.0% in the 4th quarter. Activest Wealth Management now owns 1,945 shares of the cryptocurrency exchange’s stock worth $68,000 after acquiring an additional 414 shares during the last quarter. JTC Employer Solutions Trustee Ltd acquired a new position in shares of Coinbase Global in the 4th quarter worth $59,000. Finally, Romano Brothers AND Company acquired a new position in shares of Coinbase Global in the 4th quarter worth $29,000. Institutional investors own 46.41% of the company’s stock.

Coinbase Global Company Profile

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Coinbase Global, Inc provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. The company offers the primary financial account in the cryptoeconomy for retailers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable ecosystem partners to build crypto-based applications and securely accept crypto assets as payment.