1,366 Shares in Coinbase Global, Inc. (NASDAQ:COIN) Bought by Twinbeech Capital LP

Twinbeech Capital LP purchased a new stake in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,366 shares of the cryptocurrency exchange's stock, valued at approximately $339,000.

Other large investors have also recently bought and sold shares of the company. Savant Capital LLC acquired a new position in shares of Coinbase Global during the 4th quarter worth approximately $591,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Coinbase Global by 33.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 103,619 shares of the cryptocurrency exchange's stock valued at $25,729,000 after acquiring an additional 25,972 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Coinbase Global by 9.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 90,265 shares of the cryptocurrency exchange's stock valued at $22,413,000 after acquiring an additional 7,597 shares during the last quarter. Foundations Investment Advisors LLC raised its stake in shares of Coinbase Global by 198.0% during the fourth quarter. Foundations Investment Advisors LLC now owns 13,614 shares of the cryptocurrency exchange's stock valued at $3,380,000 after acquiring an additional 9,045 shares during the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of Coinbase Global during the fourth quarter valued at $322,000. 68.84% of the stock is owned by institutional investors.

Insider Buying and Selling at Coinbase Global

In other news, CEO Brian Armstrong sold 15,000 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $168.53, for a total value of $2,527,950.00. Following the completion of the transaction, the chief executive officer now owns 526 shares of the company's stock, valued at approximately $88,646.78. This represents a 96.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paul Grewal sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $198.12, for a total transaction of $1,981,200.00. Following the transaction, the insider now directly owns 83,313 shares in the company, valued at approximately $16,505,971.56. The trade was a 10.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 157,786 shares of company stock valued at $33,345,024 in the last three months. Corporate insiders own 17.65% of the company's stock.

Coinbase Global Trading Down 3.8%

NASDAQ:COIN traded down $10.19 on Wednesday, reaching $256.21. 4,073,845 shares of the company's stock were exchanged, compared to its average volume of 10,267,218. The business has a fifty day moving average of $202.58 and a 200-day moving average of $246.56. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.41. Coinbase Global, Inc. has a 52-week low of $142.58 and a 52-week high of $349.75. The firm has a market capitalization of $65.05 billion, a price-to-earnings ratio of 26.97 and a beta of 3.62.

Coinbase Global (NASDAQ:COIN - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The cryptocurrency exchange reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($0.24). Coinbase Global had a return on equity of 20.64% and a net margin of 39.34%. The business had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.22 billion. During the same quarter in the previous year, the company posted $2.53 EPS. The company's revenue was up 24.2% compared to the same quarter last year. As a group, analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Rosenblatt Securities reissued a "buy" rating and set a $260.00 target price on shares of Coinbase Global in a research note on Monday, May 12th. Oppenheimer set a $293.00 price target on shares of Coinbase Global in a report on Thursday, May 15th. Mizuho reduced their price target on shares of Coinbase Global from $280.00 to $217.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. The Goldman Sachs Group lifted their price objective on shares of Coinbase Global from $189.00 to $209.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Finally, Piper Sandler boosted their price target on shares of Coinbase Global from $180.00 to $190.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Eleven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $266.10.

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.