• Bitcoin
  • Blockchain
  • Crypto
  • Metaverse
  • AltCoins
  • Business
  • Investment
  • Upcoming
What's Hot

Texas House Introduces Bill To Boost Local Bitcoin Economy And Protect Rights Of Individual BTC Ownership

March 22, 2023

Bitwise Asset Management Announces New Exchange Traded Fund Aimed At Long-Term Bitcoin ETF Investors

March 22, 2023

Wasabi Wallet Releases Version 2.0.3, Adding Back Coin Control Amongst Other Updates

March 21, 2023
Facebook Twitter Instagram
  • Bitcoin

    Texas House Introduces Bill To Boost Local Bitcoin Economy And Protect Rights Of Individual BTC Ownership

    March 22, 2023

    Bitwise Asset Management Announces New Exchange Traded Fund Aimed At Long-Term Bitcoin ETF Investors

    March 22, 2023

    Wasabi Wallet Releases Version 2.0.3, Adding Back Coin Control Amongst Other Updates

    March 21, 2023

    Seeking Freedom, Bitcoiners Should Consider Second Passports

    March 21, 2023

    RedeemGBTC Campaign To Host Shareholders Meetup At Miami Bitcoin Conference

    March 21, 2023
  • Blockchain

    BlockJoy raises $12M to help cut operating costs for businesses running blockchain nodes • TechCrunch

    February 2, 2023

    Blockchain Futurist Conference — Canada’s biggest crypto conference returns for fifth year

    February 2, 2023

    WEMADE and Metagravity Sign Strategic Alliance MOU to Collaborate on Blockchain Games for the Metaverse

    February 2, 2023

    Will Polkadot’s [DOT] new parachain fix the blockchain?

    February 1, 2023

    BNB Chain Unveils 3rd Blockchain in BNB Ecosystem, Tether ‘Never Borrowed from Celsius’, Ripple Sold $226M Worth of XRP in Q4

    February 1, 2023
  • Crypto

    Crypto Donations Now Need An Appraisal

    February 2, 2023

    Bitcoin Shrugs Off Fed Rate Hike to Hit Six-Month High

    February 2, 2023

    Stock and Share Market News, Economy and Finance News, Sensex, Nifty, Global Market, NSE, BSE Live IPO News

    February 2, 2023

    Yates County cryptocurrency miner completes debt restructuring deal

    February 1, 2023

    How ‘King of Instagram’ Dan Bilzerian ‘made millions’ from cryptocurrency after bizarre poker deal

    February 1, 2023
  • Metaverse

    Facebook’s Metaverse Division Lost Nearly $14 Billion Dollars Last Year

    February 2, 2023

    Samsung Hints Metaverse Ambitions At Product Launch Event, Eyes Integrating Different Realities Into Premium Smartphones

    February 2, 2023

    Sanlam makes history with SA’s first media launch in the metaverse

    February 2, 2023

    Meta’s plans to expand metaverse are up and running again: Here’ how

    February 2, 2023

    RFOX VALT Launches AI-Enabled Metaverse Apartments for Sale

    February 1, 2023
  • AltCoins

    Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases

    February 2, 2023

    CAKE, SHIB And These Alt-Coins Are Trending

    February 2, 2023

    Elon Musk Wants McDonald’s to Accept Crypto Payments. Dogecoin (DOGE), Bitcoin (BTC), and Snowfall Protocol (SNW) Benefit

    February 2, 2023

    Crypto Analysts are Saying These Altcoins Have Huge Potential – Here’s Why

    February 2, 2023

    Are Cryptos Bound to Retrace Amid Recent Pump?

    February 1, 2023
  • Business

    Ray Dalio Warns Money Is in Jeopardy, Favors Inflation-Linked Crypto

    February 2, 2023

    BIT Mining Limited Regains Compliance with NYSE Continued Listing Standards

    February 2, 2023

    Bithumb’s de facto owner arrested over alleged embezzlement

    February 2, 2023

    Crypto Custody Firm Copper Alerted to Security ‘Incident’ Over Christmas

    February 1, 2023

    Cathie Wood’s Ark Invest Says Bitcoin Could Hit $1.5 Million by 2030

    February 1, 2023
  • Investment

    The Investor’s Guide to Crypto Options Trading

    February 2, 2023

    Pune software engineer loses Rs 13 lakh to crypto investment fraud

    February 2, 2023

    Crypto Investment Products’ AUM Surges as Investor Confidence Returns: CryptoCompare Report

    February 2, 2023

    Crypto Investors Can Purchase Bankruptcy Put Options to Protect Funds on Binance, Coinbase, Kraken Crypto Exchanges

    February 1, 2023

    Ethereum price forecast for February, including Morgan Stanley comments By Investing.com

    February 1, 2023
  • Upcoming

    S&P 500 rises to the highest level in five months Thursday as Meta leads a tech comeback

    February 2, 2023

    Looking For Something Different From Nubank and C6 Bank? Try Lanistar! – Sponsored Content

    February 2, 2023

    NYDFS Releases Guidance For BitLicensees And Limited Purpose Trust Companies On Asset Custody In The Wake Of Cryptocurrency Insolvencies – Financial Services

    February 2, 2023

    This Supreme Court Case Will Reverberate Throughout the Compliance and ESG World | NAVEX

    February 2, 2023

    Ethereum (ETH) Could Reclaim $2,000, Trader Says

    February 1, 2023
investorstoday.press
investorstoday.press
Home»Upcoming»Coinbase Global (NASDAQ:COIN) Stock Price Up 4.2% Following Insider Buying Activity
Upcoming

Coinbase Global (NASDAQ:COIN) Stock Price Up 4.2% Following Insider Buying Activity

maikdezana@icloud.comBy maikdezana@icloud.comJanuary 29, 2023No Comments6 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Coinbase Global, Inc. (NASDAQ:COIN)’s stock price rose 4.2% during trading on Friday after an insider bought additional shares in the company. The stock traded as high as $55.35 and last traded at $55.26. Approximately 1,634,804 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 16,492,461 shares. The stock had previously closed at $53.02.Specifically, CFO Alesia J. Haas sold 103,859 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $42.44, for a total value of $4,407,775.96. Following the completion of the sale, the chief financial officer now owns 92,317 shares of the company’s stock, valued at approximately $3,917,933.48. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Tobias Lutke bought 5,585 shares of the firm’s stock in a transaction on Tuesday, November 1st. The stock was purchased at an average price of $68.99 per share, with a total value of $385,309.15. Following the completion of the transaction, the director now directly owns 93,451 shares of the company’s stock, valued at $6,447,184.49. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Alesia J. Haas sold 103,859 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $42.44, for a total value of $4,407,775.96. Following the sale, the chief financial officer now directly owns 92,317 shares of the company’s stock, valued at approximately $3,917,933.48. The disclosure for this sale can be found here. In the last quarter, insiders bought 109,416 shares of company stock valued at $4,855,164 and sold 560,244 shares valued at $23,892,552. 36.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Compass Point decreased their target price on Coinbase Global from $95.00 to $75.00 in a research report on Wednesday, October 26th. Bank of America lowered Coinbase Global from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $50.00 to $35.00 in a report on Wednesday, January 11th. Wedbush cut their price target on Coinbase Global from $100.00 to $75.00 in a report on Friday, November 4th. Cowen lowered Coinbase Global from an “outperform” rating to a “market perform” rating and set a $36.00 price target for the company. in a report on Thursday, January 5th. Finally, BTIG Research cut their price target on Coinbase Global from $220.00 to $110.00 in a report on Friday, November 4th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $74.04.

Coinbase Global Stock Up 15.7 %

The firm has a fifty day moving average price of $42.62 and a 200 day moving average price of $59.33. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.60. The company has a market cap of $13.93 billion, a P/E ratio of -10.11 and a beta of 2.16.

Coinbase Global (NASDAQ:COIN – Get Rating) last announced its earnings results on Thursday, November 3rd. The cryptocurrency exchange reported ($2.43) EPS for the quarter, missing the consensus estimate of ($2.23) by ($0.20). The business had revenue of $590.34 million for the quarter, compared to the consensus estimate of $642.76 million. Coinbase Global had a negative return on equity of 20.19% and a negative net margin of 24.25%. Equities research analysts forecast that Coinbase Global, Inc. will post -11.75 earnings per share for the current year.

Institutional Trading of Coinbase Global

Several large investors have recently made changes to their positions in the business. Strategic Wealth Investment Group LLC grew its holdings in shares of Coinbase Global by 22.6% during the fourth quarter. Strategic Wealth Investment Group LLC now owns 8,989 shares of the cryptocurrency exchange’s stock worth $451,000 after purchasing an additional 1,660 shares during the last quarter. AJ Wealth Strategies LLC boosted its holdings in Coinbase Global by 27.0% in the fourth quarter. AJ Wealth Strategies LLC now owns 18,886 shares of the cryptocurrency exchange’s stock valued at $668,000 after acquiring an additional 4,012 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Coinbase Global by 2,842.8% in the fourth quarter. Lindbrook Capital LLC now owns 64,800 shares of the cryptocurrency exchange’s stock valued at $2,293,000 after acquiring an additional 62,598 shares during the last quarter. Stonegate Investment Group LLC bought a new position in Coinbase Global in the fourth quarter valued at about $317,000. Finally, ARK Investment Management LLC boosted its holdings in Coinbase Global by 19.0% in the fourth quarter. ARK Investment Management LLC now owns 9,189,273 shares of the cryptocurrency exchange’s stock valued at $325,208,000 after acquiring an additional 1,469,638 shares during the last quarter. Institutional investors own 46.41% of the company’s stock.

Coinbase Global Company Profile

(Get Rating)

Coinbase Global, Inc provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. The company offers the primary financial account in the cryptoeconomy for retailers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable ecosystem partners to build crypto-based applications and securely accept crypto assets as payment.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Coinbase Global, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Coinbase Global wasn’t on the list.

While Coinbase Global currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginners Guide To Retirement Stocks Cover
Coinbase Global instant alerts NASDAQ:COIN percent advance
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
maikdezana@icloud.com
  • Website

Related Posts

S&P 500 rises to the highest level in five months Thursday as Meta leads a tech comeback

February 2, 2023

Looking For Something Different From Nubank and C6 Bank? Try Lanistar! – Sponsored Content

February 2, 2023

NYDFS Releases Guidance For BitLicensees And Limited Purpose Trust Companies On Asset Custody In The Wake Of Cryptocurrency Insolvencies – Financial Services

February 2, 2023

This Supreme Court Case Will Reverberate Throughout the Compliance and ESG World | NAVEX

February 2, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Subscribe to Updates

Get the latest crypto news

Advertisement
Demo
Top Insights

Texas House Introduces Bill To Boost Local Bitcoin Economy And Protect Rights Of Individual BTC Ownership

March 22, 2023

Bitwise Asset Management Announces New Exchange Traded Fund Aimed At Long-Term Bitcoin ETF Investors

March 22, 2023

Wasabi Wallet Releases Version 2.0.3, Adding Back Coin Control Amongst Other Updates

March 21, 2023
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Categories
  • AltCoins (1,399)
  • Bitcoin (1,517)
  • Blockchain (1,384)
  • Business (1,378)
  • Crypto (1,365)
  • Investment (1,383)
  • Metaverse (1,361)
  • Upcoming (1,319)
Facebook Instagram
  • Contact Us
  • privacy policy
  • about us
© 2023 Designed by investorstoday.

Type above and press Enter to search. Press Esc to cancel.