Paul Grewal Sells 10,257 Shares of Coinbase Global, Inc. (NASDAQ:COIN) Stock

Coinbase Global, Inc. (NASDAQ:COIN) insider Paul Grewal sold 10,257 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $275.60, for a total value of $2,826,829.20. Following the completion of the sale, the insider now owns 66,122 shares of the company’s stock, valued at approximately $18,223,223.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Paul Grewal also recently made the following trade(s):

  • On Monday, February 26th, Paul Grewal sold 42,113 shares of Coinbase Global stock. The shares were sold at an average price of $190.34, for a total value of $8,015,788.42.
  • On Thursday, January 25th, Paul Grewal sold 10,000 shares of Coinbase Global stock. The stock was sold at an average price of $121.02, for a total value of $1,210,200.00.

Coinbase Global Price Performance

NASDAQ COIN opened at $265.12 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 1.03. The stock’s fifty day moving average price is $191.07 and its 200 day moving average price is $138.65. Coinbase Global, Inc. has a 1 year low of $46.43 and a 1 year high of $283.48. The company has a market cap of $64.23 billion, a price-to-earnings ratio of 981.93 and a beta of 3.36.

Coinbase Global (NASDAQ:COINGet Free Report) last released its earnings results 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. Coinbase Global had a return on equity of 3.54% and a net margin of 3.05%. The firm had revenue of $953.80 million for the quarter, compared to the consensus estimate of $826.10 million. During the same period in the prior year, the firm earned ($2.46) EPS. The firm’s revenue was up 51.6% on a year-over-year basis. As a group, equities research analysts forecast that Coinbase Global, Inc. will post 1.68 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. HC Wainwright upped their target price on Coinbase Global from $115.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Mizuho upped their target price on Coinbase Global from $60.00 to $84.00 and gave the stock an “underperform” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. upped their target price on Coinbase Global from $95.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, March 15th. Needham & Company LLC upped their target price on Coinbase Global from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, January 8th. Finally, Wedbush upped their target price on Coinbase Global from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $141.30.

Check Out Our Latest Stock Analysis on COIN

Hedge Funds Weigh In On Coinbase Global

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Coinbase Global by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 14,281,280 shares of the cryptocurrency exchange’s stock valued at $2,483,800,000 after acquiring an additional 408,046 shares during the period. Morgan Stanley grew its position in Coinbase Global by 18.5% during the 3rd quarter. Morgan Stanley now owns 3,279,836 shares of the cryptocurrency exchange’s stock worth $246,250,000 after purchasing an additional 511,397 shares during the period. Renaissance Technologies LLC grew its position in Coinbase Global by 84.7% during the 2nd quarter. Renaissance Technologies LLC now owns 3,057,000 shares of the cryptocurrency exchange’s stock worth $218,728,000 after purchasing an additional 1,402,169 shares during the period. Geode Capital Management LLC grew its position in Coinbase Global by 7.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,510,007 shares of the cryptocurrency exchange’s stock worth $179,317,000 after purchasing an additional 168,018 shares during the period. Finally, Norges Bank acquired a new stake in Coinbase Global during the 4th quarter worth about $50,254,000. 68.84% of the stock is owned by institutional investors and hedge funds.

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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Insider Buying and Selling by Quarter for Coinbase Global (NASDAQ:COIN)

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