In Wednesday’s Wall Street session, Coinbase Global Inc (NASDAQ:COIN) shares traded at $172.21, down -1.91% from the previous session.
COIN stock price is now -17.38% away from the 50-day moving average and -24.53% away from the 200-day moving average. The market capitalization of the company currently stands at $43.72B.
With the price target of $245, Cantor Fitzgerald recently initiated with Overweight rating for Coinbase Global Inc (NASDAQ: COIN). , while ‘Bernstein’ rates the stock as ‘Outperform’
In other news, Armstrong Brian, Chairman and CEO sold 15,000 shares of the company’s stock on Apr 14 ’25. The stock was sold for $2,681,841 at an average price of $178.79. Upon completion of the transaction, the Chairman and CEO now directly owns 526 shares in the company, valued at $90582.46. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 14 ’25, Officer Brian Armstrong bought 15,000 shares of the business’s stock. A total of $2,648,700 was incurred on buying the stock at an average price of $176.58. A total of 21.23% of the company’s stock is owned by insiders.
During the past 12 months, Coinbase Global Inc has had a low of $142.58 and a high of $349.75. The fifty day moving average price for COIN is $208.44 and a two-hundred day moving average price translates $228.1908 for the stock.
The latest earnings results from Coinbase Global Inc (NASDAQ: COIN) was released for 2024-12-31. The net profit margin was 35.66% and return on equity was 31.13% for COIN. The company reported revenue of $2.27 billion for the quarter, compared to $953.79 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 138.17 percent.
