Coinbase Global, Inc. (NASDAQ:COIN) CAO Jennifer N. Jones sold 8,197 shares of the company’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $62.12, for a total transaction of $509,197.64. Following the transaction, the chief accounting officer now directly owns 34,752 shares of the company’s stock, valued at approximately $2,158,794.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Coinbase Global Price Performance
Shares of COIN stock opened at $58.96 on Tuesday. Coinbase Global, Inc. has a 1 year low of $31.55 and a 1 year high of $206.79. The firm’s 50 day moving average is $51.91 and its 200-day moving average is $58.25. The firm has a market capitalization of $13.38 billion, a price-to-earnings ratio of -4.98 and a beta of 2.71. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62.
Coinbase Global (NASDAQ:COIN – Get Rating) last announced its earnings results on Tuesday, February 21st. The cryptocurrency exchange reported ($2.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.39) by ($0.07). Coinbase Global had a negative return on equity of 44.89% and a negative net margin of 82.18%. The company had revenue of $629.10 million for the quarter, compared to analyst estimates of $587.37 million. During the same quarter in the previous year, the company posted $3.32 earnings per share. Coinbase Global’s revenue for the quarter was down 74.7% on a year-over-year basis. Sell-side analysts forecast that Coinbase Global, Inc. will post -4.07 EPS for the current fiscal year.
Analysts Set New Price Targets
Hedge Funds Weigh In On Coinbase Global
Large investors have recently bought and sold shares of the business. Empowered Funds LLC acquired a new position in Coinbase Global in the third quarter valued at approximately $200,000. Private Advisor Group LLC lifted its holdings in Coinbase Global by 18.0% in the third quarter. Private Advisor Group LLC now owns 20,865 shares of the cryptocurrency exchange’s stock valued at $1,346,000 after buying an additional 3,186 shares during the period. Toronto Dominion Bank lifted its holdings in Coinbase Global by 2.8% in the third quarter. Toronto Dominion Bank now owns 32,944 shares of the cryptocurrency exchange’s stock valued at $2,124,000 after buying an additional 889 shares during the period. M&T Bank Corp acquired a new position in Coinbase Global in the second quarter valued at approximately $209,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Coinbase Global by 17.2% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 40,450 shares of the cryptocurrency exchange’s stock valued at $2,609,000 after buying an additional 5,923 shares during the period. 46.41% of the stock is currently owned by institutional investors and hedge funds.
Coinbase Global Company Profile
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.
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