Coinbase Global, Inc. (NASDAQ:COIN) Director Buys $1,819,818.00 in Stock

Coinbase Global, Inc. (NASDAQ:COIN) Director Frederick Ernest Ehrsam III acquired 30,030 shares of the firm’s stock in a transaction on Tuesday, May 24th. The stock was purchased at an average price of $60.60 per share, with a total value of $1,819,818.00. Following the purchase, the director now owns 1,121,844 shares in the company, valued at approximately $67,983,746.40. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Tuesday, May 17th, Frederick Ernest Ehrsam III acquired 385,260 shares of Coinbase Global stock. The stock was purchased at an average price of $64.93 per share, with a total value of $25,014,931.80.
  • On Friday, May 13th, Frederick Ernest Ehrsam III acquired 706,554 shares of Coinbase Global stock. The stock was purchased at an average price of $70.77 per share, with a total value of $50,002,826.58.

NASDAQ:COIN traded up $2.70 during trading hours on Thursday, hitting $69.87. The stock had a trading volume of 11,976,423 shares, compared to its average volume of 7,591,469. The company has a 50 day simple moving average of $133.51 and a two-hundred day simple moving average of $201.04. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.55 and a quick ratio of 1.55. Coinbase Global, Inc. has a one year low of $40.83 and a one year high of $368.90. The firm has a market capitalization of $15.34 billion and a price-to-earnings ratio of 7.16.

Coinbase Global (NASDAQ:COINGet Rating) last announced its quarterly earnings results on Tuesday, May 10th. The cryptocurrency exchange reported ($1.98) EPS for the quarter, missing the consensus estimate of $0.74 by ($2.72). Coinbase Global had a net margin of 33.63% and a return on equity of 42.39%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the business earned $3.05 earnings per share. The firm’s revenue for the quarter was down 35.2% on a year-over-year basis. Equities research analysts anticipate that Coinbase Global, Inc. will post -7.6 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Westpac Banking Corp bought a new stake in shares of Coinbase Global during the 4th quarter worth $449,000. Man Group plc lifted its holdings in shares of Coinbase Global by 101.9% during the 3rd quarter. Man Group plc now owns 106,619 shares of the cryptocurrency exchange’s stock worth $24,254,000 after acquiring an additional 53,800 shares during the last quarter. Essex Investment Management Co. LLC lifted its holdings in shares of Coinbase Global by 121.8% during the 4th quarter. Essex Investment Management Co. LLC now owns 9,287 shares of the cryptocurrency exchange’s stock worth $2,344,000 after acquiring an additional 5,100 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Coinbase Global by 5.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 53,958 shares of the cryptocurrency exchange’s stock worth $13,617,000 after acquiring an additional 2,847 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Coinbase Global by 69.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 21,572 shares of the cryptocurrency exchange’s stock worth $5,444,000 after acquiring an additional 8,864 shares during the last quarter. 39.01% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on the stock. Compass Point decreased their price target on shares of Coinbase Global from $325.00 to $200.00 and set a “neutral” rating for the company in a research note on Monday, February 28th. Canaccord Genuity Group decreased their price target on shares of Coinbase Global from $275.00 to $120.00 in a research note on Wednesday, May 11th. Zacks Investment Research upgraded shares of Coinbase Global from a “sell” rating to a “hold” rating in a research note on Tuesday, April 26th. Wedbush decreased their price target on shares of Coinbase Global from $160.00 to $100.00 in a research note on Wednesday, May 11th. Finally, Citigroup decreased their price target on shares of Coinbase Global from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, March 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $240.05.

Coinbase Global Company Profile (Get Rating)

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

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