Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi Sells 8,000 Shares

Coinbase Global, Inc. (NASDAQ:COIN) COO Emilie Choi sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $176.09, for a total value of $1,408,720.00. Following the transaction, the chief operating officer now directly owns 189,101 shares in the company, valued at approximately $33,298,795.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Emilie Choi also recently made the following trade(s):

• On Friday, August 30th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $188.94, for a total value of $283,410.00.
• On Wednesday, July 31st, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $233.00, for a total value of $349,500.00.
• On Monday, July 15th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $229.70, for a total transaction of $344,550.00.
• On Monday, July 1st, Emilie Choi sold 8,000 shares of Coinbase Global stock. The stock was sold at an average price of $232.24, for a total transaction of $1,857,920.00.
• On Friday, June 28th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The stock was sold at an average price of $223.95, for a total transaction of $335,925.00.
• On Friday, June 14th, Emilie Choi sold 1,500 shares of Coinbase Global stock. The shares were sold at an average price of $246.16, for a total value of $369,240.00.

Coinbase Global Stock Down 7.7 %

COIN stock opened at $147.35 on Friday. Coinbase Global, Inc. has a one year low of $69.63 and a one year high of $283.48. The stock has a market capitalization of $36.18 billion, a P/E ratio of 29.41 and a beta of 3.36. The company has a 50 day moving average price of $210.96 and a two-hundred day moving average price of $223.56. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.03 and a current ratio of 1.03.

Coinbase Global (NASDAQ:COIN) last released its earnings results on Thursday, August 1st. The cryptocurrency exchange reported $0.14 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.93). Coinbase Global had a net margin of 31.46% and a return on equity of 13.89%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the company posted ($0.42) earnings per share. The business’s revenue for the quarter was up 104.8% compared to the same quarter last year. As a group, sell-side analysts expect that Coinbase Global, Inc. will post 4.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on COIN shares. Citigroup upgraded Coinbase Global from a “neutral” rating to a “buy” rating and lifted their price target for the company from $260.00 to $345.00 in a research note on Tuesday, July 23rd. HC Wainwright lowered their price target on shares of Coinbase Global from $315.00 to $295.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price target on shares of Coinbase Global in a report on Monday, August 5th. The Goldman Sachs Group decreased their price objective on shares of Coinbase Global from $255.00 to $215.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Finally, Barclays raised shares of Coinbase Global from an “underweight” rating to an “equal weight” rating and dropped their target price for the company from $206.00 to $169.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $246.06.

Institutional Investors Weigh In On Coinbase Global

A number of institutional investors have recently bought and sold shares of COIN. Creekmur Asset Management LLC purchased a new stake in shares of Coinbase Global during the 4th quarter valued at $27,000. Crewe Advisors LLC increased its stake in Coinbase Global by 547.4% during the second quarter. Crewe Advisors LLC now owns 123 shares of the cryptocurrency exchange’s stock worth $27,000 after acquiring an additional 104 shares during the last quarter. Lynx Investment Advisory purchased a new position in shares of Coinbase Global in the 2nd quarter worth about $29,000. Concord Wealth Partners lifted its stake in shares of Coinbase Global by 322.2% in the 1st quarter. Concord Wealth Partners now owns 114 shares of the cryptocurrency exchange’s stock valued at $30,000 after purchasing an additional 87 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Coinbase Global by 833.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 112 shares of the cryptocurrency exchange’s stock worth $30,000 after purchasing an additional 100 shares during the period. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

About Coinbase Global

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.