Coinbase Global, Inc. (NASDAQ:COIN) insider Paul Grewal sold 10,000 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $348.64, totaling $3,486,400. Following the sale, Grewal directly owns 82,328 shares valued at approximately $28,702,833.92, marking a 10.83% reduction in his ownership. The transaction was disclosed in an SEC filing.
Recent Trades by Paul Grewal
- June 18th: Sold 1,952 shares at $280.02 ($546,599.04 total).
- May 27th: Sold 12,931 shares at $267.29 ($3,456,326.99 total).
- May 13th: Sold 1,952 shares at $250.00 ($488,000.00 total).
- April 23rd: Sold 10,000 shares at $198.12 ($1,981,200.00 total).
Coinbase Global Price Performance
COIN stock traded at $355.00 during Thursday midday trading, with a 50-day moving average of $259.28 and a 200-day average of $242.64. Key metrics:
- Market Cap: $90.13 billion
- P/E Ratio: 66.46
- Debt-to-Equity: 0.40
- 52-Week Range: $142.58 – $382.00
Quarterly Earnings Highlights (May 8th)
- EPS: $1.94 (missed consensus by $0.24).
- Revenue: $2.03 billion (up 24.2% YoY).
- Net Margin: 21.14%.
Analyst Ratings
- Consensus: "Moderate Buy" with a $291.06 average price target.
Recent Updates:
- JMP Securities: $400.00 target (Market Outperform).
- Oppenheimer: $395.00 target (Outperform).
- Benchmark: $421.00 target (Buy).
👉 Explore more on Coinbase's market performance
Institutional Activity
68.84% of COIN shares are held by institutional investors, with recent positions added by Bessemer Group (+297.4%) and McClarren Financial Advisors.
Company Profile
Coinbase Global, Inc. provides financial infrastructure for the crypto economy, serving consumers and institutions globally.
FAQ Section
Q: Why did Paul Grewal sell Coinbase shares?
A: Insiders may sell for personal financial planning, diversification, or other reasons not necessarily tied to company performance.
Q: What is Coinbase’s revenue growth trend?
A: Revenue grew 24.2% YoY in Q1 2024, reaching $2.03 billion.
Q: Is COIN stock a good investment now?
A: Analysts rate it "Moderate Buy," but consider market volatility and crypto industry trends.
👉 Discover expert insights on crypto stocks
Q: How does Coinbase’s P/E ratio compare to peers?
A: At 66.46, it reflects high growth expectations relative to traditional financial firms.
Q: What’s Coinbase’s debt situation?
A: A low debt-to-equity ratio (0.40) indicates strong financial health.