Coinbase Global, Inc. (NASDAQ:COIN) Insider Paul Grewal Sells 10,000 Shares

Coinbase Global, Inc. (NASDAQ:COIN) insider Paul Grewal sold 10,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $221.47, for a total value of $2,214,700.00. Following the completion of the sale, the insider now directly owns 66,122 shares of the company’s stock, valued at $14,644,039.34. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Paul Grewal also recently made the following trade(s):

• On Monday, March 25th, Paul Grewal sold 10,257 shares of Coinbase Global stock. The stock was sold at an average price of $275.60, for a total value of $2,826,829.20.
• 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.

Coinbase Global Trading Down 7.7 %

NASDAQ COIN traded down $18.16 during trading on Monday, hitting $218.16. The company had a trading volume of 9,515,255 shares, compared to its average volume of 13,427,663. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47. Coinbase Global, Inc. has a one year low of $46.43 and a one year high of $283.48. The company has a market cap of $52.85 billion, a price-to-earnings ratio of 808.74 and a beta of 3.41. The company’s fifty day moving average is $231.74 and its 200-day moving average is $162.07.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, February 15th. The cryptocurrency exchange reported $1.04 EPS for the quarter, beating the consensus estimate of ($0.09) by $1.13. The company had revenue of $953.80 million for the quarter, compared to the consensus estimate of $826.10 million. Coinbase Global had a net margin of 3.05% and a return on equity of 3.54%. Coinbase Global’s revenue for the quarter was up 51.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($2.46) EPS. On average, sell-side analysts predict that Coinbase Global, Inc. will post 2.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

COIN has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lifted their target price on Coinbase Global from $160.00 to $230.00 and gave the company a “market perform” rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. lifted their target price on Coinbase Global from $95.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, March 15th. Barclays boosted their price objective on Coinbase Global from $146.00 to $179.00 and gave the company an “underweight” rating in a report on Monday, April 8th. Piper Sandler boosted their price objective on Coinbase Global from $225.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Finally, TheStreet upgraded Coinbase Global from a “d” rating to a “c-” rating in a research report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $167.81.

Institutional Investors Weigh In On Coinbase Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fountainhead AM LLC lifted its position in shares of Coinbase Global by 2.1% during the fourth quarter. Fountainhead AM LLC now owns 3,957 shares of the cryptocurrency exchange’s stock worth $688,000 after purchasing an additional 81 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Coinbase Global by 0.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,726 shares of the cryptocurrency exchange’s stock valued at $2,561,000 after acquiring an additional 81 shares in the last quarter. Nilsine Partners LLC raised its holdings in shares of Coinbase Global by 1.2% in the first quarter. Nilsine Partners LLC now owns 6,738 shares of the cryptocurrency exchange’s stock valued at $1,786,000 after acquiring an additional 81 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in shares of Coinbase Global by 2.6% in the fourth quarter. Arkadios Wealth Advisors now owns 3,395 shares of the cryptocurrency exchange’s stock valued at $590,000 after acquiring an additional 86 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of Coinbase Global by 2.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 3,849 shares of the cryptocurrency exchange’s stock valued at $669,000 after acquiring an additional 90 shares in the last quarter. Institutional investors own 68.84% of the company’s stock.

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.