Insider Selling: Coinbase Global, Inc. (NASDAQ:COIN) COO Sells 1,500 Shares of Stock

On November 26th, Emilie Choi, the Chief Operating Officer of Coinbase Global, Inc. (NASDAQ:COIN), completed a sale of 1,500 shares of the company’s stock. The shares were sold at an average price of $298.31, bringing the total transaction value to $447,465.00.

After this sale, Choi now directly holds 177,576 shares of Coinbase, which are currently valued at approximately $52,972,696.56. This sale reflects a 0.84% reduction in her overall stock position. The details of the transaction were filed with the Securities and Exchange Commission (SEC) and can be reviewed on their official website.

Coinbase Global has seen several transactions from Emilie Choi in recent months:

• On October 31st, she sold 1,500 shares at $203.30, totaling $304,950.00.
• On October 14th, another 1,500 shares were sold at $181.36, amounting to $272,040.00.
• On September 30th, 1,500 shares were sold at $179.69 for a total of $269,535.00.
• On September 13th, she sold 1,500 shares at $162.24, fetching $243,360.00.
• On September 3rd, Choi sold 8,000 shares at an average of $176.09, totaling $1,408,720.00.
• On August 30th, she disposed of 1,500 shares at $188.94, worth $283,410.00.

Stock Performance of Coinbase Global

Coinbase stock experienced a significant increase, trading up by $17.69 to reach $310.98. The trading volume during this period was 13,245,859 shares, compared to the average of 11,193,557 shares. Investors are taking note of the company's financial ratios, including a debt-to-equity ratio of 0.48 and current and quick ratios both standing at 1.03. The stock has shown a 50-day simple moving average of $219.83 and a 200-day moving average of $216.55, with a market cap of $77.85 billion. Over the past twelve months, Coinbase has recorded a low of $114.51 and a high of $341.75.

Recent Financial Performance

Coinbase Global announced its quarterly earnings on October 30th. The company reported earnings per share (EPS) of $0.28, which fell short of the consensus estimate of $0.41. Its quarterly revenue was $1.21 billion, compared to expectations of $1.26 billion. Despite the miss, Coinbase has shown impressive growth with a net margin of 29.76% and a year-over-year revenue increase of 78.8%. Analysts forecast the company will post an EPS of 4.27 for the current year.

Institutional Investment Trends

Recently, various institutional investors have either increased or decreased their stakes in Coinbase. APEIRON CAPITAL Ltd made a significant investment in the first quarter, acquiring shares valued at about $108,434,000. Additionally, Bayesian Capital Management LP initiated a position worth approximately $663,000. Other firms, such as Janus Henderson Group and Hancock Whitney Corp, have also adjusted their holdings. In total, institutional and hedge fund investors currently own 68.84% of Coinbase's stock.

Analyst Ratings and Price Targets

Several analysts have recently updated their price targets for Coinbase stock. Bank of America raised its target from $196.00 to $214.00 with a “neutral” rating. Canaccord Genuity Group reaffirmed a “buy” rating with a target of $280.00. Oppenheimer increased their target to $358.00 with an “outperform” rating. Meanwhile, HC Wainwright reiterated their “buy” rating with a $295.00 target on October 29th.

Company Overview

Coinbase Global, Inc. is a prominent cryptocurrency exchange that provides financial infrastructure and technology for both consumers and institutions operating in the crypto economy globally. The platform is crucial for individuals and organizations looking to transact in various crypto assets.

Additional Insights

Investors are encouraged to remain informed about market movements and institutional activities regarding Coinbase. As financial landscapes evolve, keeping an eye on such data can prove beneficial.

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