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 dated Monday, April 14th. The stock was sold at an average price of $178.79, for a total transaction of $2,681,850.00. Following the completion of the transaction, the chief executive officer now owns 526 shares in the company, valued at approximately $94,043.54. The trade was a 96.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, April 3rd, Brian Armstrong sold 15,000 shares of Coinbase Global stock. The stock was sold at an average price of $168.53, for a total transaction of $2,527,950.00.
• 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 value of $1,981,500.00.
• On Tuesday, February 11th, Brian Armstrong sold 25,000 shares of Coinbase Global stock. The stock was 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 transaction of $6,774,750.00.

Coinbase Global Stock Performance

Shares of NASDAQ:COIN traded up $2.82 during midday trading on Friday, reaching $175.03. The company's stock had a trading volume of 5,118,506 shares, compared to its average volume of 9,681,718. The firm has a market capitalization of $44.44 billion, a PE ratio of 18.42 and a beta of 3.65. The stock has a fifty day moving average of $200.17 and a 200 day moving average of $241.93. Coinbase Global, Inc. has a twelve month low of $142.58 and a twelve month high of $349.75. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.41.

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 the consensus estimate of $0.46 by $2.93. Coinbase Global had a return on equity of 20.64% and a net margin of 39.34%. On average, equities analysts expect that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group began coverage on shares of Coinbase Global in a research note on Thursday, March 20th. They set a "neutral" rating and a $195.00 price objective on the stock. Rosenblatt Securities reduced their price target on Coinbase Global from $305.00 to $290.00 and set a "buy" rating for the company in a research report on Thursday. Piper Sandler raised their price objective on Coinbase Global from $285.00 to $310.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Oppenheimer reissued an "outperform" rating on shares of Coinbase Global in a research report on Monday, February 10th. Finally, Barclays reduced their price objective on shares of Coinbase Global from $328.00 to $169.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Coinbase Global presently has an average rating of "Moderate Buy" and an average target price of $297.95.

Hedge Funds Weigh In On Coinbase Global

Institutional investors have recently made changes to their positions in the company. SOA Wealth Advisors LLC. lifted its stake in shares of Coinbase Global by 17.7% during the fourth quarter. SOA Wealth Advisors LLC. now owns 266 shares of the cryptocurrency exchange's stock worth $66,000 after purchasing an additional 40 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Coinbase Global by 4.3% during the 4th quarter. Farther Finance Advisors LLC now owns 964 shares of the cryptocurrency exchange's stock valued at $239,000 after buying an additional 40 shares during the period. Yousif Capital Management LLC lifted its position in Coinbase Global by 1.7% during the 4th quarter. Yousif Capital Management LLC now owns 2,559 shares of the cryptocurrency exchange's stock worth $635,000 after acquiring an additional 44 shares in the last quarter. Capital Advisors Wealth Management LLC boosted its holdings in Coinbase Global by 3.2% in the 4th quarter. Capital Advisors Wealth Management LLC now owns 1,470 shares of the cryptocurrency exchange's stock worth $365,000 after acquiring an additional 45 shares during the period. Finally, IPG Investment Advisors LLC grew its position in Coinbase Global by 2.0% in the fourth quarter. IPG Investment Advisors LLC now owns 2,261 shares of the cryptocurrency exchange's stock valued at $561,000 after acquiring an additional 45 shares in the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors.

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.