Generali Investments Management Co LLC Acquires Shares of 1,132 Coinbase Global, Inc. (NASDAQ:COIN)

Generali Investments Management Co LLC acquired a new stake in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,132 shares of the cryptocurrency exchange's stock, valued at approximately $195,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SOA Wealth Advisors LLC. lifted its holdings in shares of Coinbase Global by 17.7% in the 4th quarter. SOA Wealth Advisors LLC. now owns 266 shares of the cryptocurrency exchange's stock valued at $66,000 after acquiring an additional 40 shares during the last quarter. Farther Finance Advisors LLC raised its position in Coinbase Global by 4.3% in the 4th quarter. Farther Finance Advisors LLC now owns 964 shares of the cryptocurrency exchange's stock worth $239,000 after purchasing an additional 40 shares during the period. Yousif Capital Management LLC raised its position in Coinbase Global by 1.7% in the 4th quarter. Yousif Capital Management LLC now owns 2,559 shares of the cryptocurrency exchange's stock worth $635,000 after purchasing an additional 44 shares during the period. IPG Investment Advisors LLC raised its position in Coinbase Global by 2.0% in the 4th quarter. IPG Investment Advisors LLC now owns 2,261 shares of the cryptocurrency exchange's stock worth $561,000 after purchasing an additional 45 shares during the period. Finally, Vivaldi Capital Management LP raised its position in Coinbase Global by 0.3% in the 4th quarter. Vivaldi Capital Management LP now owns 13,843 shares of the cryptocurrency exchange's stock worth $3,437,000 after purchasing an additional 47 shares during the period. Institutional investors own 68.84% of the company's stock.

Insider Transactions at Coinbase Global

In other Coinbase Global news, CFO Alesia J. Haas sold 7,575 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $200.00, for a total value of $1,515,000.00. Following the sale, the chief financial officer now directly owns 114,866 shares of the company's stock, valued at approximately $22,973,200. This represents a 6.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frederick Ernest Ehrsam III sold 30,167 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $252.68, for a total transaction of $7,622,597.56. Following the completion of the sale, the director now directly owns 10,417 shares in the company, valued at approximately $2,632,167.56. The trade was a 74.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 195,717 shares of company stock worth $42,980,101. Company insiders own 17.65% of the company's stock.

Coinbase Global Trading Up 2.9%

NASDAQ:COIN opened at $251.27 on Friday. Coinbase Global, Inc. has a 12 month low of $142.58 and a 12 month high of $349.75. The firm has a fifty day simple moving average of $212.70 and a 200-day simple moving average of $243.78. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $63.79 billion, a P/E ratio of 26.45 and a beta of 3.61.

Coinbase Global (NASDAQ:COIN - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The cryptocurrency exchange reported $1.94 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 company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the firm posted $2.53 earnings per share. The company's quarterly revenue was up 24.2% on a year-over-year basis. On average, equities research analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Compass Point raised shares of Coinbase Global from a "sell" rating to a "neutral" rating and set a $195.00 target price on the stock in a research report on Monday, May 12th. Cantor Fitzgerald assumed coverage on shares of Coinbase Global in a research report on Tuesday, April 8th. They set an "overweight" rating and a $245.00 target price on the stock. Canaccord Genuity Group reaffirmed a "buy" rating and set a $400.00 target price on shares of Coinbase Global in a research report on Friday, May 9th. Monness Crespi & Hardt raised shares of Coinbase Global from a "neutral" rating to a "buy" rating and set a $300.00 target price on the stock in a research report on Tuesday, May 13th. Finally, Barclays raised their target price on shares of Coinbase Global from $169.00 to $202.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Eleven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $266.10.

About Coinbase Global

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.