Coinbase Global, Inc. (NASDAQ:COIN) Director Frederick Ernest Ehrsam III Sells 16,380 Shares of Stock

Coinbase Global, Inc. (NASDAQ:COIN) Director Frederick Ernest Ehrsam III sold 16,380 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $213.99, for a total value of $3,505,156.20. Following the transaction, the director now owns 4,662 shares in the company, valued at approximately $997,621.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Frederick Ernest Ehrsam III also recently made the following trade(s):

• On Monday, April 8th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The stock was sold at an average price of $256.19, for a total value of $4,196,392.20.
• On Tuesday, April 2nd, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The stock was sold at an average price of $243.30, for a total value of $3,985,254.00.
• On Tuesday, March 26th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The stock was sold at an average price of $274.97, for a total value of $4,504,008.60.
• On Friday, March 15th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The stock was sold at an average price of $238.51, for a total value of $3,906,793.80.
• On Tuesday, March 5th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The stock was sold at an average price of $226.32, for a total value of $3,707,121.60.
• On Monday, February 26th, Frederick Ernest Ehrsam III sold 8,735 shares of Coinbase Global stock. The shares were sold at an average price of $186.00, for a total value of $1,624,710.00.
• On Wednesday, February 7th, Frederick Ernest Ehrsam III sold 82,130 shares of Coinbase Global stock. The shares were sold at an average price of $119.73, for a total value of $9,833,424.90.
• On Wednesday, January 31st, Frederick Ernest Ehrsam III sold 97,836 shares of Coinbase Global stock. The shares were sold at an average price of $131.57, for a total value of $12,872,282.52.
• On Thursday, January 25th, Frederick Ernest Ehrsam III sold 81,530 shares of Coinbase Global stock. The shares were sold at an average price of $121.29, for a total value of $9,888,773.70.

Coinbase Global Stock Down 3.2 %

Shares of Coinbase Global stock opened at $211.01 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. Coinbase Global, Inc. has a 1-year low of $46.43 and a 1-year high of $283.48. The business has a 50-day moving average of $224.69 and a 200-day moving average of $155.57. The company has a market capitalization of $51.12 billion, a PE ratio of 781.52 and a beta of 3.41.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, February 15th. The cryptocurrency exchange reported $1.04 EPS for the quarter, topping the consensus estimate of ($0.09) by $1.13. Coinbase Global had a net margin of 3.05% and a return on equity of 3.54%. The business had revenue of $953.80 million for the quarter, compared to analysts’ expectations of $826.10 million. During the same quarter last year, the company posted ($2.46) earnings per share. The company’s quarterly revenue was up 51.6% compared to the same quarter last year. As a group, equities analysts forecast that Coinbase Global, Inc. will post 2.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Coinbase Global

Several large investors have recently modified their holdings of COIN. Ancora Advisors LLC lifted its position in shares of Coinbase Global by 144.0% during the fourth quarter. Ancora Advisors LLC now owns 737 shares of the cryptocurrency exchange’s stock worth $26,000 after purchasing an additional 435 shares during the last quarter. Barrett & Company Inc. acquired a new position in Coinbase Global in the fourth quarter valued at approximately $26,000. Creekmur Asset Management LLC acquired a new position in Coinbase Global in the fourth quarter valued at approximately $27,000. Tyler Stone Wealth Management acquired a new position in Coinbase Global in the second quarter valued at approximately $31,000. Finally, Quarry LP acquired a new position in Coinbase Global in the fourth quarter valued at approximately $32,000. Institutional investors own 68.84% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on COIN shares. Citigroup increased their price target on Coinbase Global from $90.00 to $151.00 and gave the stock a “neutral” rating in a research note on Friday, January 19th. TheStreet upgraded Coinbase Global from a “d” rating to a “c-” rating in a report on Friday, February 16th. JMP Securities restated a “market outperform” rating on shares of Coinbase Global in a report on Friday, March 22nd. Wedbush upped their price objective on Coinbase Global from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $240.00 price objective on shares of Coinbase Global in a report on Thursday, March 28th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $165.43.

Coinbase Global Company Profile

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.