Coinbase Global, Inc. (NASDAQ:COIN) Insider Sells $2,630,000.00 in Stock

Coinbase Global, Inc. (NASDAQ:COIN) insider Surojit Chatterjee sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 11th. The shares were sold at an average price of $263.00, for a total transaction of $2,630,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Surojit Chatterjee also recently made the following trade(s):

  • On Tuesday, October 5th, Surojit Chatterjee sold 10,000 shares of Coinbase Global stock. The shares were sold at an average price of $238.00, for a total transaction of $2,380,000.00.
  • On Thursday, September 2nd, Surojit Chatterjee sold 20,000 shares of Coinbase Global stock. The shares were sold at an average price of $271.79, for a total transaction of $5,435,800.00.

Shares of COIN stock opened at $246.78 on Thursday. Coinbase Global, Inc. has a 12 month low of $208.00 and a 12 month high of $429.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.47 and a current ratio of 1.47. The company’s 50 day moving average is $251.31.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings results on Monday, August 9th. The cryptocurrency exchange reported $6.42 EPS for the quarter, beating the consensus estimate of $2.26 by $4.16. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.83 billion. The company’s revenue was up 1040.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Coinbase Global, Inc. will post 13.96 earnings per share for the current fiscal year.

A number of analysts have commented on COIN shares. Rosenblatt Securities upped their price objective on shares of Coinbase Global from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, August 11th. Needham & Company LLC began coverage on shares of Coinbase Global in a research note on Tuesday, August 31st. They set a “buy” rating and a $420.00 price objective for the company. Zacks Investment Research raised shares of Coinbase Global from a “sell” rating to a “hold” rating in a research report on Friday, August 13th. Redburn Partners began coverage on shares of Coinbase Global in a research report on Thursday, August 5th. They issued a “buy” rating for the company. Finally, Mizuho increased their price target on shares of Coinbase Global from $210.00 to $220.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $354.63.

Hedge funds have recently made changes to their positions in the business. S.A. Mason LLC grew its stake in shares of Coinbase Global by 11.2% in the third quarter. S.A. Mason LLC now owns 844 shares of the cryptocurrency exchange’s stock worth $192,000 after acquiring an additional 85 shares during the last quarter. Rothschild Investment Corp IL grew its stake in shares of Coinbase Global by 6.7% in the third quarter. Rothschild Investment Corp IL now owns 1,430 shares of the cryptocurrency exchange’s stock worth $325,000 after acquiring an additional 90 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of Coinbase Global in the second quarter worth $25,000. Front Row Advisors LLC acquired a new stake in shares of Coinbase Global in the second quarter worth $28,000. Finally, South State Corp bought a new position in Coinbase Global in the second quarter worth $30,000. Institutional investors own 20.26% of the company’s stock.

About Coinbase Global

Coinbase Global, Inc provides financial infrastructure and technology for the cryptoeconomy. The company provides primary financial account for the cryptoeconomy, a platform to invest, store, spend, earn, and use crypto assets; an online marketplace for hedge funds, money managers, and corporations; and a platform with technology and services to developers, merchants, and asset issuers that enables them to build applications that leverage crypto protocols.

See Also: Outperform Rating

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

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