Coinbase Global, Inc. (NASDAQ:COIN) Shares Sold by Cwm LLC

Cwm LLC trimmed its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 10.5% during the 4th quarter, Holdings Channel reports. The fund owned 4,953 shares of the cryptocurrency exchange’s stock after selling 584 shares during the quarter. Cwm LLC’s holdings in Coinbase Global were worth $861,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barrett & Company Inc. acquired a new stake in Coinbase Global during the fourth quarter worth about $26,000. AlphaMark Advisors LLC acquired a new stake in Coinbase Global during the fourth quarter worth about $33,000. Harbor Investment Advisory LLC grew its holdings in Coinbase Global by 68.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 247 shares of the cryptocurrency exchange’s stock worth $43,000 after acquiring an additional 100 shares during the period. Coston McIsaac & Partners acquired a new stake in Coinbase Global during the fourth quarter worth about $52,000. Finally, Steph & Co. grew its holdings in Coinbase Global by 100.0% during the fourth quarter. Steph & Co. now owns 300 shares of the cryptocurrency exchange’s stock worth $52,000 after acquiring an additional 150 shares during the period. 68.84% of the stock is owned by institutional investors and hedge funds.

Coinbase Global Stock Performance

Shares of Coinbase Global stock opened at $236.32 on Monday. Coinbase Global, Inc. has a one year low of $46.43 and a one year high of $283.48. The company has a market cap of $57.25 billion, a price-to-earnings ratio of 875.26 and a beta of 3.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50 day moving average price is $231.74 and its 200 day moving average price is $162.07.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, February 15th. The cryptocurrency exchange reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $1.13. Coinbase Global had a return on equity of 3.54% and a net margin of 3.05%. The firm had revenue of $953.80 million for the quarter, compared to the consensus estimate of $826.10 million. During the same quarter last year, the business posted ($2.46) earnings per share. The firm’s revenue was up 51.6% compared to the same quarter last year. On average, research analysts predict that Coinbase Global, Inc. will post 2.43 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on COIN. Oppenheimer raised their target price on Coinbase Global from $200.00 to $276.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Sanford C. Bernstein raised their price objective on Coinbase Global from $80.00 to $200.00 and gave the company a “market perform” rating in a report on Thursday, April 18th. Bank of America raised their price objective on Coinbase Global from $92.00 to $110.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. HC Wainwright raised their price objective on Coinbase Global from $115.00 to $250.00 and gave the company a “buy” rating in a report on Friday, February 16th. Finally, Needham & Company LLC raised their price objective on Coinbase Global from $160.00 to $180.00 and gave the company a “buy” rating in a report on Monday, January 8th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Coinbase Global has an average rating of “Hold” and an average price target of $165.43.

Insider Buying and Selling

In related news, CAO Jennifer N. Jones sold 1,624 shares of Coinbase Global stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $168.75, for a total transaction of $274,050.00. Following the transaction, the chief accounting officer now owns 29,236 shares in the company, valued at $4,933,575. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Coinbase Global news, insider Paul Grewal sold 10,257 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $275.60, for a total transaction of $2,826,829.20. Following the completion of the sale, the insider now owns 66,122 shares of the company’s stock, valued at $18,223,223.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Jennifer N. Jones sold 1,624 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $168.75, for a total value of $274,050.00. Following the sale, the chief accounting officer now directly owns 29,236 shares of the company’s stock, valued at approximately $4,933,575. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 532,208 shares of company stock worth $99,652,403. 33.16% of the stock is owned by corporate insiders.

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.