Aquatic Capital Management LLC Purchases 2,150 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

Aquatic Capital Management LLC increased its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,450 shares of the cryptocurrency exchange's stock after purchasing an additional 2,150 shares during the period. Aquatic Capital Management LLC's holdings in Coinbase Global were worth $19,479,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Wingate Wealth Advisors Inc. acquired a new stake in Coinbase Global in the 4th quarter valued at $27,000. Atala Financial Inc bought a new position in Coinbase Global during the fourth quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Coinbase Global by 365.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange's stock valued at $34,000 after purchasing an additional 106 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Coinbase Global in the 4th quarter worth about $50,000. Finally, Bogart Wealth LLC raised its stake in shares of Coinbase Global by 252.5% during the 4th quarter. Bogart Wealth LLC now owns 208 shares of the cryptocurrency exchange's stock worth $52,000 after purchasing an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 68.84% of the company's stock.

Wall Street Analysts Forecast Growth

COIN has been the subject of several research analyst reports. HC Wainwright reiterated a "buy" rating and set a $350.00 target price on shares of Coinbase Global in a research note on Friday, February 21st. Rosenblatt Securities lowered their target price on Coinbase Global from $305.00 to $290.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Benchmark began coverage on Coinbase Global in a report on Wednesday, April 23rd. They issued a "buy" rating and a $252.00 price objective for the company. The Goldman Sachs Group initiated coverage on shares of Coinbase Global in a research report on Thursday, March 20th. They set a "neutral" rating and a $195.00 price objective for the company. Finally, Piper Sandler lifted their price target on shares of Coinbase Global from $285.00 to $310.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Coinbase Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $289.90.

Coinbase Global Stock Up 1.0 %

Shares of COIN traded up $2.05 on Thursday, hitting $204.94. 3,797,840 shares of the stock traded hands, compared to its average volume of 9,648,607. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28. Coinbase Global, Inc. has a one year low of $142.58 and a one year high of $349.75. The company has a market capitalization of $52.03 billion, a PE ratio of 21.60 and a beta of 3.65. The business has a 50 day simple moving average of $189.18 and a 200 day simple moving average of $243.08.

Coinbase Global (NASDAQ:COIN - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share for the quarter, beating the consensus estimate of $0.46 by $2.93. Coinbase Global had a return on equity of 20.64% and a net margin of 39.34%. As a group, equities analysts forecast that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Paul Grewal sold 10,978 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $211.93, for a total transaction of $2,326,567.54. Following the transaction, the insider now directly owns 83,313 shares in the company, valued at $17,656,524.09. The trade was a 11.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frederick Ernest Ehrsam III sold 15,228 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $280.51, for a total value of $4,271,606.28. Following the transaction, the director now directly owns 10,417 shares of the company's stock, valued at $2,922,072.67. This trade represents a 59.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 168,970 shares of company stock worth $38,672,615. Company 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.