According to a recent SEC filing, Coinbase Global, Inc. (NASDAQ:COIN) Director Gokul Rajaram sold 1,145 shares of the company's stock on February 15, 2024. Coinbase Global Inc is a provider of financial infrastructure and technology for the crypto economy. The company provides a platform for investing, spending, saving, earning, and using crypto assets. We aim to build an open financial system and serve customers around the world.
Insiders have sold a total of 18,320 shares of Coinbase Global Inc. Over the past year, insiders have bought no shares.
Coinbase Global Inc's insider trading history shows a pattern of more sales than purchases among insiders. Over the past year, he had only one insider buy compared to 87 insider sells.
In the most recent trading day by insiders, shares of Coinbase Global Inc. traded at $168.89, giving the company a market cap of $43.665 billion.
The company's price-to-earnings ratio is 500.64, which is higher than both the industry median of 18.745 and the company's historical median price-to-earnings ratio.
With the current stock price of $168.89 and GuruFocus Value of $72.42, Coinbase Global Inc's Price to GF Value ratio is 2.33, and we believe the stock is significantly overvalued according to the GF Value metric. It has been shown that
GF Value is calculated by GuruFocus and takes into account historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio, price-to-free cash flow, and GuruFocus adjustment factors based on company metrics. Past earnings, growth, and future performance forecasts from Morningstar analysts.
This article created by GuruFocus is intended to provide general insight and is not intended as financial advice. Our commentary is based on historical data and analyst forecasts using an unbiased methodology and is not intended to serve as specific investment guidance. It does not constitute a recommendation to buy or sell stocks, and does not take into account your individual investment objectives or financial situation. Our objective is to provide fundamental data-driven analysis over time. Please note that our analysis may not incorporate the latest announcements or qualitative information from price-sensitive companies. GuruFocus has no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
