Coinbase Global, Inc. (NASDAQ:COIN) Shares Bought by Caprock Group LLC

Caprock Group LLC grew its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 43.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 16,513 shares of the cryptocurrency exchange’s stock after buying an additional 4,965 shares during the period. Caprock Group LLC’s holdings in Coinbase Global were worth $2,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Crewe Advisors LLC boosted its position in Coinbase Global by 547.4% during the second quarter. Crewe Advisors LLC now owns 123 shares of the cryptocurrency exchange’s stock worth $27,000 after purchasing an additional 104 shares in the last quarter. Lynx Investment Advisory purchased a new position in shares of Coinbase Global during the 2nd quarter valued at approximately $29,000. Versant Capital Management Inc lifted its position in shares of Coinbase Global by 75.0% during the 2nd quarter. Versant Capital Management Inc now owns 133 shares of the cryptocurrency exchange’s stock valued at $30,000 after buying an additional 57 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in Coinbase Global in the 3rd quarter worth $32,000. Finally, Spirit of America Management Corp NY acquired a new position in Coinbase Global during the second quarter worth $33,000. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Coinbase Global Trading Down 0.3 %

Shares of Coinbase Global stock opened at $324.57 on Wednesday. Coinbase Global, Inc. has a fifty-two week low of $100.01 and a fifty-two week high of $334.86. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $81.26 billion, a price-to-earnings ratio of 55.39 and a beta of 3.34. The stock has a 50 day moving average of $205.45 and a 200 day moving average of $213.30.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.13). Coinbase Global had a return on equity of 14.81% and a net margin of 29.76%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the business posted ($0.01) earnings per share. The firm’s revenue for the quarter was up 78.8% compared to the same quarter last year. As a group, research analysts predict that Coinbase Global, Inc. will post 4.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Compass Point dropped their target price on shares of Coinbase Global from $325.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. B. Riley assumed coverage on Coinbase Global in a report on Wednesday, October 23rd. They set a “neutral” rating and a $185.00 target price for the company. Needham & Company LLC lifted their price target on Coinbase Global from $290.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday. Bank of America boosted their price target on Coinbase Global from $196.00 to $214.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, HC Wainwright restated a “buy” rating and issued a $295.00 price objective on shares of Coinbase Global in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $251.00.

Insider Buying and Selling at Coinbase Global

In other news, Director Frederick R. Wilson sold 40,000 shares of Coinbase Global stock in a transaction on Monday, November 11th. The stock was sold at an average price of $300.00, for a total value of $12,000,000.00. Following the completion of the sale, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $15,000,000. The trade was a 44.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Alesia J. Haas sold 5,250 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $195.25, for a total value of $1,025,062.50. Following the completion of the sale, the chief financial officer now owns 169,786 shares in the company, valued at $33,150,716.50. This represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,822 shares of company stock worth $30,921,194 over the last three months. Insiders own 23.43% of the company’s stock.

Coinbase Global Company Profile

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.