Coinbase Global, Inc. (NASDAQ:COIN) Director Tobias Lutke bought 10,520 shares of the company's stock in a transaction dated Tuesday, December 20th. The shares were purchased at an average cost of $34.75 per share, with a total value of $365,570.00. Following the acquisition, the director now directly owns 151,824 shares of the company's stock, valued at approximately $5,275,884.

Tobias Lutke also recently made the following trade(s):

• On Tuesday, December 13th, Tobias Lutke bought 8,685 shares of Coinbase Global stock. The shares were purchased at an average cost of $46.04 per share, with a total value of $399,857.40.

• On Tuesday, December 6th, Tobias Lutke bought 8,043 shares of Coinbase Global stock. The shares were purchased at an average cost of $45.73 per share, with a total value of $367,806.39.

• On Tuesday, November 29th, Tobias Lutke bought 8,704 shares of Coinbase Global stock. The shares were purchased at an average cost of $43.05 per share, with a total value of $374,707.20.

• On Tuesday, November 22nd, Tobias Lutke bought 8,974 shares of Coinbase Global stock. The shares were purchased at an average cost of $42.35 per share, with a total value of $380,048.90.

• On Tuesday, November 15th, Tobias Lutke purchased 6,952 shares of Coinbase Global stock. The stock was bought at an average price of $55.00 per share, for a total transaction of $382,360.00.

• On Tuesday, November 8th, Tobias Lutke purchased 6,495 shares of Coinbase Global stock. The stock was bought at an average price of $54.50 per share, for a total transaction of $353,977.50.

• On Tuesday, November 1st, Tobias Lutke purchased 5,585 shares of Coinbase Global stock. The stock was bought at an average price of $68.99 per share, for a total transaction of $385,309.15.

• On Tuesday, October 25th, Tobias Lutke purchased 5,573 shares of Coinbase Global stock. The stock was bought at an average price of $66.96 per share, for a total transaction of $373,168.08.

• On Tuesday, October 18th, Tobias Lutke purchased 5,349 shares of Coinbase Global stock. The stock was bought at an average price of $72.90 per share, for a total transaction of $389,942.10.

• On Tuesday, October 11th, Tobias Lutke purchased 5,519 shares of Coinbase Global stock. The stock was bought at an average price of $67.61 per share, for a total transaction of $373,139.59.

Coinbase Global Price Performance

Shares of COIN opened at $35.49 on Friday. Coinbase Global, Inc. has a 52-week low of $32.95 and a 52-week high of $281.99. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.05 and a current ratio of 1.05. The business's 50 day moving average price is $50.71 and its two-hundred day moving average price is $61.26. The firm has a market cap of $8.06 billion, a PE ratio of -5.85 and a beta of 2.14.

Coinbase Global (NASDAQ:COIN – Get Rating) last issued its quarterly earnings results on Thursday, November 3rd. The cryptocurrency exchange reported ($2.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.23) by ($0.20). Coinbase Global had a negative net margin of 24.25% and a negative return on equity of 20.19%. The business had revenue of $590.34 million during the quarter, compared to analyst estimates of $642.76 million.  On average, equities analysts anticipate that  Coinbase Global, Inc. will post -11.41 EPS for the current year.

Analysts Set New Price Targets

COIN has been the topic of a number of recent analyst reports. Compass Point decreased their target price on Coinbase Global from $95.00 to $75.00 in a research report on Wednesday, October 26th. Atlantic Securities decreased their target price on Coinbase Global from $67.00 to $46.00 and set a "neutral" rating on the stock in a research report on Monday, December 5th. DA Davidson decreased their target price on Coinbase Global from $100.00 to $70.00 and set a "buy" rating on the stock in a research report on Wednesday, November 16th. Bank of America cut Coinbase Global from a "buy" rating to a "neutral" rating and decreased their target price for the company from $77.00 to $50.00 in a research report on Friday, November 18th. Finally, The Goldman Sachs Group decreased their target price on Coinbase Global from $49.00 to $41.00 and set a "sell" rating on the stock in a research report on Monday, November 14th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $85.70.

Hedge Funds Weigh In On Coinbase Global

Institutional investors have recently added to or reduced their stakes in the business. M&T Bank Corp acquired a new position in  Coinbase Global in the second quarter valued at approximately $209,000.  J.W. Cole Advisors Inc. increased its holdings in shares of  Coinbase Global by 39.5% during the second quarter. J.W. Cole Advisors Inc. now owns 8,594 shares of the cryptocurrency exchange's stock valued at $404,000 after acquiring an additional 2,432 shares in the last quarter.  Pekin Hardy Strauss Inc. increased its holdings in shares of  Coinbase Global by 3.0% during the first quarter. Pekin Hardy Strauss Inc. now owns 6,758 shares of the cryptocurrency exchange's stock valued at $1,283,000 after acquiring an additional 199 shares in the last quarter.  Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of  Coinbase Global by 8.3% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 329,939 shares of the cryptocurrency exchange's stock valued at $15,514,000 after acquiring an additional 25,170 shares in the last quarter.  Finally, Cetera Advisor Networks LLC increased its holdings in shares of  Coinbase Global by 9.5% during the first quarter. Cetera Advisor Networks LLC now owns 9,792 shares of the cryptocurrency exchange's stock valued at $1,859,000 after acquiring an additional 852 shares in the last quarter. 46.41% of the stock is owned by institutional investors and hedge funds.

Coinbase Global Company Profile

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.