Coinbase Global (NASDAQ:COIN) Stock Investors Acquired 296613 Call Options

input: Coinbase Global, Inc. (NASDAQ:COIN) saw unusually large options trading activity on Friday. Stock investors acquired 296,613 call options on the company.

Unusually large options trading activity was observed on Friday at Coinbase Global (NASDAQ:COIN).

Coinbase Global (NASDAQ:COIN) saw unusually large options trading activity on Friday. Stock investors acquired 296,613 call options on the company. This is an increase of 36% compared to the average daily volume of 218,520 call options.

Coinbase Global Stock Down 3.4 %

COIN opened at $199.47 on Friday. The firm has a market cap of $50.64 billion, a price-to-earnings ratio of 21.00 and a beta of 3.62. Coinbase Global has a twelve month low of $142.58 and a twelve month high of $349.75. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28. The firm’s 50-day simple moving average is $187.38 and its 200-day simple moving average is $242.76.

Coinbase Global (NASDAQ:COIN – Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The cryptocurrency exchange reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by $0.24. Coinbase Global had a return on equity of 20.64% and a net margin of 39.34%. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the company earned $2.53 EPS. The firm’s quarterly revenue was up 24.2% on a year-over-year basis.

Equities research analysts anticipate that Coinbase Global will post 7.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Point72 Asset Management Has Increased Its Position in Coinbase Global

According to the reports filed with the Securities and Exchange Commission, Point72 Asset Management increased its holdings in Coinbase Global (NASDAQ:COIN) during the first quarter. This is evident from the 13F filing. The hedge fund now owns 1,007,873 shares of the cryptocurrency exchange’s stock, valued at $172,308,000, following an addition of 944,708 shares last quarter.

Several other hedge funds and institutional investors have recently added to or reduced their stakes in COIN. Headlands Technologies LLC acquired a new stake in Coinbase Global during the 1st quarter with an approximate value of $1,294,000. Charles Schwab Investment Management Inc grew its stake in Coinbase Global by 1.8% in the first quarter. The firm now owns 951,848 shares of the cryptocurrency exchange’s stock valued at $163,937,000 after purchasing an additional 16,816 shares in the last quarter. ASR Vermogensbeheer N.V. acquired a new position in Coinbase Global during the first quarter with an approximate value of $1,932,000. Citizens Financial Group Inc. RI acquired a new position in shares of Coinbase Global during the 1st quarter with an approximate value of $497,000. Finally, Vanguard Group Inc. raised its stake in Coinbase Global by 4.8% in the first quarter. The firm now owns 19,294,456 shares of the cryptocurrency exchange’s stock valued at $3,323,084,000 after buying an additional 875,359 shares during the period.

Insiders at Coinbase Global Sell a Combined Total of 153,742 Shares

In other Coinbase Global news, CFO Alesia J. Haas sold 7,575 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $200.00, for a total transaction of $1,515,000. Following the completion of the transaction, the chief financial officer now directly owns 114,866 shares of the company’s stock, valued at approximately $22,973,200. This trade represents a 6.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Also, CEO Brian Armstrong sold 25,000 shares of the business’s stock in a transaction on Tuesday, February 1