Insider Selling: Coinbase Global, Inc. (NASDAQ:COIN) COO Sells Shares

On November 26th, Emilie Choi, the Chief Operating Officer of Coinbase Global, Inc. (NASDAQ:COIN), conducted a significant transaction involving the sale of 1,500 shares of the company's stock. The shares were sold at an average price of $298.31, totaling $447,465.00. Following this sale, Choi now directly holds 177,576 shares, which are valued at approximately $52,972,696.56. This sale indicates a decrease of 0.84% in her total ownership.

The details of this transaction were filed with the Securities and Exchange Commission (SEC), which can be accessed publicly for further information.

Emilie Choi's Recent Trading Activity

In recent months, Emilie Choi has made several notable trades involving Coinbase shares:

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

Coinbase Global Stock Performance

As of Wednesday, the COIN stock saw a price increase of $17.69, reaching $310.98 during trading hours. The trading volume for the day hit 13,245,859 shares, surpassing the average volume of 11,193,557. Currently, Coinbase shows a debt-to-equity ratio of 0.48, with a current and quick ratio both at 1.03. The firm maintains a 50-day and 200-day simple moving average of $219.83 and $216.55, respectively. Its market capitalization stands at $77.85 billion, with a PE ratio of 53.07 and a beta of 3.34. The twelve-month low for this stock is $114.51 while the high is $341.75.

Quarterly Earnings Review

Coinbase Global reported its quarterly earnings on October 30th, revealing an earnings per share (EPS) of $0.28, which fell short of the consensus estimate of $0.41 by $0.13. The revenue for the quarter was recorded at $1.21 billion, slightly less than the expected $1.26 billion. Despite the shortfall, the revenue marked a significant 78.8% increase compared to the previous year’s quarter. Analysts are predicting an EPS of 4.27 for the current fiscal year.

Institutional Investment Trends

In the realm of institutional investments, several firms have made changes to their holdings in Coinbase Global. APEIRON CAPITAL Ltd acquired a new stake valued at about $108,434,000 in the first quarter, while Bayesian Capital Management LP and Janus Henderson Group PLC also made new acquisitions. Janus Henderson increased its holdings by 66.4%, now owning 17,127 shares worth $4,539,000.

Analyst Ratings and Price Targets

Recent analyst updates have varied for Coinbase Global, with numerous firms adjusting their price targets. Bank of America has raised its target from $196.00 to $214.00 with a "neutral" rating. Oppenheimer suggested a target increase from $265.00 to $358.00, categorizing the stock as "outperform." The consensus rating stands at "Hold," with an average target price of $255.22 according to MarketBeat.

About Coinbase Global

Coinbase Global, Inc. is a prominent financial technology company that offers infrastructure and technology solutions for the cryptocurrency economy, serving both consumers and institutions worldwide.

insider, selling, shares, Coinbase, Choi