Insider Selling: Coinbase Global, Inc. (NASDAQ:COIN) CEO Sells $1,981,500.00 in Stock

Coinbase Global, Inc. (NASDAQ:COIN) CEO Brian Armstrong sold 10,000 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $198.15, for a total value of $1,981,500.00. Following the transaction, the chief executive officer now directly owns 526 shares in the company, valued at $104,226.90. The trade was a 95.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Brian Armstrong also recently made the following trade(s):

• On Tuesday, February 11th, Brian Armstrong sold 25,000 shares of Coinbase Global stock. The stock was sold at an average price of $275.26, for a total transaction of $6,881,500.00.
• On Monday, February 3rd, Brian Armstrong sold 25,000 shares of Coinbase Global stock. The shares were sold at an average price of $270.99, for a total transaction of $6,774,750.00.
• On Friday, January 3rd, Brian Armstrong sold 25,000 shares of Coinbase Global stock. The stock was sold at an average price of $261.07, for a total transaction of $6,526,750.00.

Coinbase Global Stock Down 7.8 %

Coinbase Global stock opened at $173.93 on Friday. The business’s 50-day simple moving average is $239.36 and its two-hundred day simple moving average is $241.64. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28. The company has a market cap of $44.16 billion, a PE ratio of 18.31 and a beta of 3.66. Coinbase Global, Inc. has a fifty-two week low of $146.12 and a fifty-two week high of $349.75.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $2.93. Coinbase Global had a return on equity of 20.64% and a net margin of 39.34%. Equities analysts anticipate that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Institutional Trading of Coinbase Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. RPg Family Wealth Advisory LLC acquired a new stake in Coinbase Global during the 3rd quarter worth about $25,000. Mascagni Wealth Management Inc. acquired a new stake in Coinbase Global during the fourth quarter worth about $25,000. Copia Wealth Management acquired a new stake in Coinbase Global during the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. purchased a new position in Coinbase Global during the fourth quarter valued at approximately $27,000. Finally, Atala Financial Inc purchased a new position in shares of Coinbase Global during the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Analyst Upgrades and Downgrades

COIN has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of Coinbase Global from $282.00 to $328.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Bank of America reduced their price target on Coinbase Global from $363.00 to $311.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Oppenheimer reaffirmed an “outperform” rating on shares of Coinbase Global in a research report on Monday, February 10th. Mizuho reduced their target price on shares of Coinbase Global from $280.00 to $217.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Finally, HC Wainwright restated a “buy” rating and issued a $350.00 price target on shares of Coinbase Global in a report on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Coinbase Global has a consensus rating of “Moderate Buy” and a consensus price target of $314.72.

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.