Brian Armstrong Sells 15,000 Shares of Coinbase Global, Inc. (NASDAQ:COIN) Stock

Coinbase Global, Inc. (NASDAQ:COIN) CEO Brian Armstrong sold 15,000 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $168.53, for a total value of $2,527,950.00. Following the completion of the transaction, the chief executive officer now directly owns 526 shares of the company's stock, valued at $88,646.78. This represents a 96.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Brian Armstrong also recently made the following trade(s):

• On Tuesday, March 25th, Brian Armstrong sold 10,000 shares of Coinbase Global stock. The stock was sold at an average price of $198.15, for a total transaction of $1,981,500.00.
• On Tuesday, February 11th, Brian Armstrong sold 25,000 shares of Coinbase Global stock. The shares were sold at an average price of $275.26, for a total value of $6,881,500.00.
• On Monday, February 3rd, Brian Armstrong sold 25,000 shares of Coinbase Global stock. The stock was sold at an average price of $270.99, for a total value of $6,774,750.00.

Coinbase Global Stock Up 3.5 %

NASDAQ COIN traded up $5.88 during mid-day trading on Friday, hitting $175.50. The company's stock had a trading volume of 7,745,585 shares, compared to its average volume of 9,775,182. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41. The company's 50 day simple moving average is $210.02 and its 200 day simple moving average is $241.96. Coinbase Global, Inc. has a twelve month low of $142.58 and a twelve month high of $349.75. The firm has a market capitalization of $44.56 billion, a price-to-earnings ratio of 18.47 and a beta of 3.65.

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Coinbase Global (NASDAQ:COIN - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $2.93. Coinbase Global had a net margin of 39.34% and a return on equity of 20.64%. Analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Institutional Trading of Coinbase Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COIN. Mascagni Wealth Management Inc. bought a new stake in Coinbase Global during the fourth quarter worth $25,000. Copia Wealth Management purchased a new position in Coinbase Global during the 4th quarter worth $26,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Coinbase Global in the 4th quarter worth $27,000. Atala Financial Inc purchased a new stake in shares of Coinbase Global in the fourth quarter valued at about $27,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Coinbase Global by 365.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange's stock valued at $34,000 after purchasing an additional 106 shares during the last quarter. 68.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on COIN shares. The Goldman Sachs Group began coverage on Coinbase Global in a research report on Thursday, March 20th. They set a "neutral" rating and a $195.00 price objective for the company. Cantor Fitzgerald began coverage on shares of Coinbase Global in a report on Tuesday. They set an "overweight" rating and a $245.00 price target for the company. Needham & Company LLC restated a "buy" rating and issued a $330.00 price target on shares of Coinbase Global in a research report on Thursday, February 13th. Bank of America decreased their price objective on shares of Coinbase Global from $363.00 to $311.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Finally, Monness Crespi & Hardt set a $420.00 target price on shares of Coinbase Global in a report on Tuesday, February 18th. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $298.74.

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.