Frederick Ernest Ehrsam III Sells 16,380 Shares of Coinbase Global, Inc. (NASDAQ:COIN) Stock

Coinbase Global, Inc. (NASDAQ:COIN) Director Frederick Ernest Ehrsam III sold 16,380 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $213.99, for a total transaction of $3,505,156.20. Following the completion of the transaction, the director now owns 4,662 shares in the company, valued at $997,621.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Frederick Ernest Ehrsam III also recently made the following trade(s):

• On Monday, April 8th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The stock was sold at an average price of $256.19, for a total transaction of $4,196,392.20.
• On Tuesday, April 2nd, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The stock was sold at an average price of $243.30, for a total transaction of $3,985,254.00.
• On Tuesday, March 26th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The shares were sold at an average price of $274.97, for a total value of $4,504,008.60.
• On Friday, March 15th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The stock was sold at an average price of $238.51, for a total value of $3,906,793.80.
• On Tuesday, March 5th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The shares were sold at an average price of $226.32, for a total value of $3,707,121.60.
• On Monday, February 26th, Frederick Ernest Ehrsam III sold 8,735 shares of Coinbase Global stock. The stock was sold at an average price of $186.00, for a total value of $1,624,710.00.
• On Wednesday, February 7th, Frederick Ernest Ehrsam III sold 82,130 shares of Coinbase Global stock. The stock was sold at an average price of $119.73, for a total transaction of $9,833,424.90.
• On Wednesday, January 31st, Frederick Ernest Ehrsam III sold 97,836 shares of Coinbase Global stock. The shares were sold at an average price of $131.57, for a total transaction of $12,872,282.52.
• On Thursday, January 25th, Frederick Ernest Ehrsam III sold 81,530 shares of Coinbase Global stock. The stock was sold at an average price of $121.29, for a total transaction of $9,888,773.70.

Coinbase Global Stock Down 3.2 %

Shares of NASDAQ:COIN opened at $211.01 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.03 and a current ratio of 1.03. Coinbase Global, Inc. has a 52-week low of $46.43 and a 52-week high of $283.48. The firm has a market capitalization of $51.12 billion, a P/E ratio of 781.52 and a beta of 3.41. The stock has a 50 day moving average price of $224.69 and a 200-day moving average price of $156.15.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data on Thursday, February 15th. The cryptocurrency exchange reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $1.13. Coinbase Global had a return on equity of 3.54% and a net margin of 3.05%. The business had revenue of $953.80 million during the quarter, compared to the consensus estimate of $826.10 million. During the same quarter in the prior year, the company earned ($2.46) earnings per share. The firm’s quarterly revenue was up 51.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Coinbase Global, Inc. will post 2.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Barrett & Company Inc. bought a new position in shares of Coinbase Global during the fourth quarter valued at approximately $26,000. Ancora Advisors LLC grew its stake in shares of Coinbase Global by 144.0% in the 4th quarter. Ancora Advisors LLC now owns 737 shares of the cryptocurrency exchange’s stock worth $26,000 after buying an additional 435 shares during the last quarter. Creekmur Asset Management LLC bought a new position in Coinbase Global during the 4th quarter valued at approximately $27,000. Tyler Stone Wealth Management purchased a new position in Coinbase Global during the second quarter valued at $31,000. Finally, Mather Group LLC. bought a new stake in Coinbase Global in the first quarter worth $32,000. 68.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COIN has been the topic of several analyst reports. Piper Sandler lifted their price objective on Coinbase Global from $225.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. JPMorgan Chase & Co. boosted their price objective on Coinbase Global from $95.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. The Goldman Sachs Group upgraded shares of Coinbase Global from a “sell” rating to a “neutral” rating in a report on Friday, March 8th. Wedbush upped their price target on shares of Coinbase Global from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Finally, TheStreet raised shares of Coinbase Global from a “d” rating to a “c-” rating in a report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Coinbase Global currently has an average rating of “Hold” and an average price target of $165.43.

Coinbase Global Company Profile

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.