Coinbase Global, Inc. (NASDAQ:COIN) Director Frederick Ernest Ehrsam III sold 5,992 shares of Coinbase Global stock in a transaction on Wednesday, November 3rd. The shares were sold at an average price of $344.05, for a total transaction of $2,061,547.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Frederick Ernest Ehrsam III also recently made the following trade(s):
- On Monday, November 1st, Frederick Ernest Ehrsam III sold 72,090 shares of Coinbase Global stock. The shares were sold at an average price of $332.51, for a total transaction of $23,970,645.90.
- On Tuesday, October 19th, Frederick Ernest Ehrsam III sold 76,405 shares of Coinbase Global stock. The shares were sold at an average price of $306.48, for a total transaction of $23,416,604.40.
- On Friday, October 15th, Frederick Ernest Ehrsam III sold 87,649 shares of Coinbase Global stock. The shares were sold at an average price of $273.69, for a total transaction of $23,988,654.81.
- On Wednesday, October 6th, Frederick Ernest Ehrsam III sold 20,624 shares of Coinbase Global stock. The shares were sold at an average price of $250.09, for a total transaction of $5,157,856.16.
- On Friday, September 3rd, Frederick Ernest Ehrsam III sold 1,835 shares of Coinbase Global stock. The stock was sold at an average price of $276.35, for a total transaction of $507,102.25.
- On Wednesday, September 1st, Frederick Ernest Ehrsam III sold 42,160 shares of Coinbase Global stock. The stock was sold at an average price of $268.90, for a total transaction of $11,336,824.00.
- On Monday, August 16th, Frederick Ernest Ehrsam III sold 10,312 shares of Coinbase Global stock. The stock was sold at an average price of $257.93, for a total transaction of $2,659,774.16.
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Shares of Coinbase Global stock traded down $7.40 on Friday, reaching $337.05. 3,521,651 shares of the company were exchanged, compared to its average volume of 5,609,587. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average is $268.67 and its two-hundred day moving average is $256.98. Coinbase Global, Inc. has a 1-year low of $208.00 and a 1-year high of $429.54.
Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings results on Monday, August 9th. The cryptocurrency exchange reported $6.42 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter was up 1040.2% on a year-over-year basis. Equities research analysts forecast that Coinbase Global, Inc. will post 13.92 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of COIN. Chickasaw Capital Management LLC acquired a new stake in Coinbase Global in the 2nd quarter valued at approximately $299,000. Cardinal Capital Management acquired a new stake in Coinbase Global in the 2nd quarter valued at approximately $244,000. Focused Wealth Management Inc acquired a new stake in Coinbase Global in the 2nd quarter valued at approximately $37,000. Brookstone Capital Management acquired a new stake in Coinbase Global in the 2nd quarter valued at approximately $272,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Coinbase Global in the 2nd quarter valued at approximately $1,028,000. Hedge funds and other institutional investors own 21.31% of the company’s stock.
Several equities research analysts recently issued reports on COIN shares. Oppenheimer reaffirmed a “buy” rating and set a $444.00 price target on shares of Coinbase Global in a research note on Wednesday, October 6th. Canaccord Genuity boosted their target price on shares of Coinbase Global from $285.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, August 11th. Citigroup began coverage on shares of Coinbase Global in a research report on Tuesday, October 26th. They issued a “buy” rating and a $415.00 target price for the company. 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, Wedbush boosted their target price on shares of Coinbase Global from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $364.40.
Coinbase Global Company Profile
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.
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