Coinbase Global (NASDAQ:COIN) CFO Alesia Haas Sells 10,020 Shares of Stock

Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia Haas sold 10,020 shares of Coinbase Global stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the sale, the chief financial officer owned 377,201 shares in the company, valued at approximately $75,440,200. This trade represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Coinbase Global Stock Performance

NASDAQ:COIN opened at $211.68 on Tuesday. Coinbase Global, Inc. has a 12-month low of $139.36 and a 12-month high of $444.64. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $55.90 billion, a PE ratio of 48.22, a price-to-earnings-growth ratio of 4.60 and a beta of 3.60. The firm has a 50-day moving average price of $181.57 and a 200 day moving average price of $239.78.

Coinbase Global (NASDAQ:COINGet Free Report) last released its quarterly earnings data on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the firm posted $4.68 earnings per share. The firm’s revenue for the quarter was down 21.6% compared to the same quarter last year. Research analysts anticipate that Coinbase Global, Inc. will post 2.81 earnings per share for the current fiscal year.

Coinbase Global News Roundup

Here are the key news stories impacting Coinbase Global this week:

Institutional Trading of Coinbase Global

Large investors have recently made changes to their positions in the business. REAP Financial Group LLC bought a new stake in shares of Coinbase Global during the third quarter worth $25,000. MV Capital Management Inc. bought a new position in Coinbase Global in the fourth quarter valued at about $27,000. Palisade Asset Management LLC acquired a new stake in Coinbase Global in the third quarter worth about $29,000. Salomon & Ludwin LLC increased its position in Coinbase Global by 4,400.0% in the third quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock worth $30,000 after purchasing an additional 88 shares during the period. Finally, Osbon Capital Management LLC bought a new stake in Coinbase Global during the 4th quarter worth about $30,000. Institutional investors own 68.84% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. President Capital lowered their price target on Coinbase Global from $472.00 to $236.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Compass Point cut their price objective on Coinbase Global from $190.00 to $140.00 and set a “sell” rating for the company in a report on Friday, February 20th. Oppenheimer reduced their target price on shares of Coinbase Global from $381.00 to $370.00 and set an “outperform” rating on the stock in a research note on Monday, January 12th. The Goldman Sachs Group lowered their target price on shares of Coinbase Global from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Coinbase Global in a report on Thursday, January 8th. Nineteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Coinbase Global presently has a consensus rating of “Hold” and a consensus price target of $261.11.

Check Out Our Latest Report on Coinbase Global

Coinbase Global Company Profile

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Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.

Further Reading

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

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