Coinbase Global, Inc. (NASDAQ:COIN) Position Increased by Cwm LLC

CWM LLC grew its position in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 14.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,439 shares of the cryptocurrency exchange's stock after purchasing an additional 795 shares during the period. CWM LLC's holdings in Coinbase Global were worth $1,109,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. bought a new position in Coinbase Global during the fourth quarter worth $25,000. Copia Wealth Management bought a new stake in Coinbase Global during the fourth quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC bought a new stake in Coinbase Global during the fourth quarter valued at approximately $35,000. Brooklands Fund Management Ltd bought a new stake in shares of Coinbase Global in the 4th quarter worth approximately $37,245,000. Finally, Ameriflex Group Inc. bought a new stake in shares of Coinbase Global in the 4th quarter worth approximately $37,000. Institutional investors own 68.84% of the company's stock.

Coinbase Global Stock Performance

NASDAQ COIN traded down $9.19 on Tuesday, hitting $404.44. The stock had a trading volume of 14,502,651 shares, compared to its average volume of 11,113,363. The company's 50-day moving average is $302.29 and its two-hundred day moving average is $251.26. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.40. The stock has a market cap of $102.68 billion, a price-to-earnings ratio of 75.74, a P/E/G ratio of 32.00 and a beta of 3.70. Coinbase Global, Inc. has a one year low of $142.58 and a one year high of $444.65.

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

Insider Activity

In related news, CFO Alesia J. Haas sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $360.20, for a total value of $1,080,600.00. Following the completion of the transaction, the chief financial officer owned 97,366 shares in the company, valued at $35,071,233.20. This trade represents a 2.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Armstrong sold 198,300 shares of Coinbase Global stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $397.87, for a total transaction of $78,897,621.00. Following the completion of the sale, the chief executive officer directly owned 526 shares of the company's stock, valued at approximately $209,279.62. The trade was a 99.74% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,245,915 shares of company stock worth $447,462,456. Corporate insiders own 23.43% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on COIN shares. JMP Securities upped their price objective on shares of Coinbase Global from $400.00 to $440.00 and gave the company a "market outperform" rating in a report on Monday, July 14th. Keefe, Bruyette & Woods boosted their price objective on Coinbase Global from $183.00 to $205.00 and gave the stock a "market perform" rating in a research report on Friday, May 9th. Rosenblatt Securities increased their price target on Coinbase Global from $300.00 to $470.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. HC Wainwright reaffirmed a "sell" rating and issued a $300.00 price objective (down from $305.00) on shares of Coinbase Global in a research note on Thursday, July 10th. Finally, William Blair assumed coverage on Coinbase Global in a research report on Wednesday, June 11th. They set an "outperform" rating for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $320.06.

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.