Bordeaux Wealth Advisors LLC Invests $239,000 in Coinbase Global, Inc. (NASDAQ:COIN)

Bordeaux Wealth Advisors LLC purchased a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,387 shares of the cryptocurrency exchange's stock, valued at approximately $239,000.

A number of other large investors have also recently added to or reduced their stakes in COIN. Norges Bank acquired a new position in shares of Coinbase Global during the 4th quarter worth about $536,484,000. Groupama Asset Managment acquired a new position in Coinbase Global during the fourth quarter worth approximately $372,450,000. Proficio Capital Partners LLC raised its stake in Coinbase Global by 30,664.4% in the fourth quarter. Proficio Capital Partners LLC now owns 418,396 shares of the cryptocurrency exchange's stock valued at $103,888,000 after buying an additional 417,036 shares during the period. Two Sigma Advisers LP lifted its position in shares of Coinbase Global by 445.4% in the fourth quarter. Two Sigma Advisers LP now owns 408,500 shares of the cryptocurrency exchange's stock valued at $101,431,000 after buying an additional 333,600 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Coinbase Global by 1,159.9% during the 4th quarter. Wellington Management Group LLP now owns 328,684 shares of the cryptocurrency exchange's stock worth $81,612,000 after acquiring an additional 302,595 shares during the period. Institutional investors and hedge funds own 68.84% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Cantor Fitzgerald started coverage on Coinbase Global in a report on Tuesday, April 8th. They set an "overweight" rating and a $245.00 price target for the company. Citigroup reiterated a "buy" rating on shares of Coinbase Global in a report on Wednesday. Canaccord Genuity Group reiterated a "buy" rating and issued a $400.00 price objective on shares of Coinbase Global in a report on Friday, May 9th. Keefe, Bruyette & Woods upped their price objective on shares of Coinbase Global from $183.00 to $205.00 and gave the company a "market perform" rating in a report on Friday, May 9th. Finally, William Blair started coverage on shares of Coinbase Global in a report on Wednesday, June 11th. They issued an "outperform" rating on the stock. Ten investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $291.06.

Coinbase Global Price Performance

COIN traded down $21.64 on Friday, hitting $353.43. 28,945,154 shares of the stock were exchanged, compared to its average volume of 10,717,985. Coinbase Global, Inc. has a 12 month low of $142.58 and a 12 month high of $382.00. The business has a 50-day moving average of $249.67 and a two-hundred day moving average of $241.43. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.52 and a quick ratio of 2.52. The firm has a market capitalization of $89.73 billion, a price-to-earnings ratio of 50.35, a PEG ratio of 25.85 and a beta of 3.62.

Coinbase Global (NASDAQ:COIN - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The cryptocurrency exchange reported $1.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.18 by ($0.24). The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.22 billion. Coinbase Global had a net margin of 21.14% and a return on equity of 20.25%. The firm's quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.53 EPS. Sell-side analysts forecast that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Insider Activity at Coinbase Global

In other Coinbase Global news, CFO Alesia J. Haas sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $360.20, for a total value of $1,080,600.00. Following the completion of the sale, the chief financial officer now owns 97,366 shares of the company's stock, valued at approximately $35,071,233.20. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian Armstrong sold 15,000 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $178.79, for a total value of $2,681,850.00. Following the sale, the chief executive officer now owns 526 shares of the company's stock, valued at approximately $94,043.54. This represents a 96.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 665,915 shares of company stock worth $212,665,732 in the last quarter. 23.43% of the stock is owned by insiders.

Coinbase Global 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.