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 dated 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 in the company, valued at $18,223,223.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 shares were sold at an average price of $121.02, for a total value of $1,210,200.00.

Coinbase Global Trading Up 3.3 %

Shares of NASDAQ:COIN opened at $265.12 on Friday. Coinbase Global, Inc. has a 12-month low of $46.43 and a 12-month high of $283.48. The stock has a market cap of $64.23 billion, a PE ratio of 981.93 and a beta of 3.36. The business has a 50 day moving average of $188.26 and a 200-day moving average of $137.37. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.47.

Coinbase Global (NASDAQ:COINGet Free Report) last issued its quarterly 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. The business had revenue of $953.80 million during the quarter, compared to analysts’ expectations of $826.10 million. Coinbase Global had a return on equity of 3.54% and a net margin of 3.05%. The firm’s revenue for the quarter was up 51.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($2.46) earnings per share. As a group, equities research analysts forecast that Coinbase Global, Inc. will post 1.68 earnings per share for the current year.

Institutional Investors Weigh In On Coinbase Global

Institutional investors have recently made changes to their positions in the stock. Mariner LLC boosted its stake in shares of Coinbase Global by 5.4% in the third quarter. Mariner LLC now owns 82,582 shares of the cryptocurrency exchange’s stock valued at $6,200,000 after buying an additional 4,259 shares during the period. Itau Unibanco Holding S.A. lifted its stake in Coinbase Global by 10.0% during the third quarter. Itau Unibanco Holding S.A. now owns 1,374 shares of the cryptocurrency exchange’s stock worth $103,000 after purchasing an additional 125 shares during the last quarter. Barclays PLC lifted its stake in Coinbase Global by 41.5% during the third quarter. Barclays PLC now owns 404,779 shares of the cryptocurrency exchange’s stock worth $30,394,000 after purchasing an additional 118,670 shares during the last quarter. Wellington Management Group LLP lifted its stake in Coinbase Global by 31.8% during the third quarter. Wellington Management Group LLP now owns 50,925 shares of the cryptocurrency exchange’s stock worth $3,823,000 after purchasing an additional 12,301 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Coinbase Global by 25.4% during the third quarter. California Public Employees Retirement System now owns 304,653 shares of the cryptocurrency exchange’s stock worth $22,873,000 after purchasing an additional 61,788 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on COIN shares. JMP Securities reaffirmed a “market outperform” rating on shares of Coinbase Global in a research report on Friday, March 22nd. Mizuho lifted their target price on Coinbase Global from $60.00 to $84.00 and gave the company an “underperform” rating in a research report on Thursday, February 22nd. HC Wainwright lifted their target price on Coinbase Global from $115.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, February 16th. TheStreet raised Coinbase Global from a “d” rating to a “c-” rating in a research report on Friday, February 16th. Finally, Wedbush lifted their target price on Coinbase Global from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $141.30.

View Our Latest Stock Report on COIN

About Coinbase Global

(Get Free Report)

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.

Read More

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

Receive News & Ratings for Coinbase Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coinbase Global and related companies with MarketBeat.com's FREE daily email newsletter.