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 Coinbase Global stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $232.37, for a total transaction of $3,806,220.60. Following the completion of the transaction, the director now directly owns 4,662 shares in the company, valued at $1,083,308.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, April 17th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The shares were sold at an average price of $213.99, for a total transaction of $3,505,156.20.
• 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 shares were sold at an average price of $243.30, for a total value of $3,985,254.00.
• On Tuesday, March 26th, Frederick Ernest Ehrsam III sold 16,380 shares of Coinbase Global stock. The stock was 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 shares were 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 transaction 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 transaction 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.

Coinbase Global Price Performance

NASDAQ COIN opened at $236.32 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. The company has a market capitalization of $57.25 billion, a price-to-earnings ratio of 875.26 and a beta of 3.41. The stock has a 50-day moving average of $231.74 and a 200 day moving average of $160.91. Coinbase Global, Inc. has a one year low of $46.43 and a one year high of $283.48.

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

Hedge Funds Weigh In On Coinbase Global

Institutional investors and hedge funds have recently modified their holdings of the company. Barrett & Company Inc. purchased a new stake in Coinbase Global during the fourth quarter valued at $26,000. Creekmur Asset Management LLC purchased a new stake in shares of Coinbase Global during the 4th quarter valued at about $27,000. Mather Group LLC. bought a new position in shares of Coinbase Global in the 1st quarter worth approximately $32,000. AlphaMark Advisors LLC purchased a new position in shares of Coinbase Global in the fourth quarter worth approximately $33,000. Finally, Signature Resources Capital Management LLC bought a new stake in Coinbase Global during the fourth quarter valued at approximately $39,000. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on COIN. Canaccord Genuity Group reaffirmed a “buy” rating and set a $240.00 price objective on shares of Coinbase Global in a research report on Thursday, March 28th. Wedbush lifted their price target on Coinbase Global from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Mizuho increased their price objective on Coinbase Global from $84.00 to $145.00 and gave the stock an “underperform” rating in a report on Friday, April 12th. The Goldman Sachs Group upgraded shares of Coinbase Global from a “sell” rating to a “neutral” rating in a report on Friday, March 8th. Finally, JMP Securities reiterated a “market outperform” rating on shares of Coinbase Global in a research note on Friday, March 22nd. Three 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $165.43.

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.