On September 18, 2024, Gokul Rajaram, a Director at Coinbase Global Inc (COIN, Financial), sold 400 shares of the company at a price of $161.34 per share. This transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 8,171 shares of Coinbase Global Inc.
Coinbase Global Inc operates as a digital currency exchange and wallet service, allowing users to buy, sell, and store digital assets such as Bitcoin and Ethereum. It is one of the leading platforms in the cryptocurrency industry.
Over the past year, the insider has sold a total of 9,560 shares and has not purchased any shares. This recent sale is part of a broader trend at Coinbase Global Inc, where there have been 150 insider sells and no insider buys over the past year.
Shares of Coinbase Global Inc were trading at $161.34 on the day of the sale, giving the company a market cap of approximately $42.26 billion. The price-earnings ratio of the company stands at 29.71, which is above the industry median of 18.23.
According to the GF Value, an intrinsic value estimate used by GuruFocus, Coinbase Global Inc is currently significantly overvalued with a price-to-GF-Value ratio of 1.33. The GF Value is calculated based on historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might interest investors tracking ownership changes and evaluating the stock's current valuation metrics, including the price-sales ratio, price-book ratio, and price-to-free cash flow.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
