COO of Coinbase Global, Inc. Sells Shares

On November 26th, Emilie Choi, the Chief Operating Officer of Coinbase Global, Inc. (NASDAQ:COIN), sold 1,500 shares of the company’s stock. The shares were sold at an average price of $298.31 each, resulting in a total transaction value of $447,465. 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% decrease in her ownership position. The details of this transaction were disclosed in a regulatory filing with the Securities and Exchange Commission (SEC), which is publicly available.

Recent Trading Activity by Emilie Choi

In addition to the latest sale, Emilie Choi has made several other trades recently, including:

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

Coinbase Global Stock Details

Following this insider selling, Coinbase's stock did see fluctuations. On a recent trading day, the shares increased by $17.69, reaching a price of $310.98. The stock's trading volume that day was 13,245,859 shares, surpassing its average volume of 11,193,557 shares. Coinbase has a market capitalization of $77.85 billion and has shown a PE ratio of 53.07. Over the past year, the stock has fluctuated between a low of $114.51 and a high of $341.75.

Company Performance and Analyst Insights

Coinbase Global recently announced its quarterly earnings on October 30th, reporting an earnings per share (EPS) of $0.28 for the quarter, which was below the consensus estimate of $0.41. The total revenue for the quarter was $1.21 billion, falling short of analysts’ expectations of $1.26 billion. Despite this, the company's revenue was up 78.8% compared to the same quarter last year. Analysts predict that Coinbase will post a total of $4.27 EPS for the current year.

Institutional Investors' Moves

Several institutional investors have recently modified their stakes in Coinbase. APEIRON CAPITAL Ltd, for instance, made a significant new investment valued at around $108,434,000 during the first quarter. Others, like Janus Henderson Group PLC, have increased their holdings substantially.

Analysts' Ratings and Price Targets

The stocks have recently seen an adjustment in price targets from various analysts. Bank of America raised its target from $196.00 to $214.00, maintaining a Coinbase, Shares, Sale