Silver Oak Securities Incorporated Invests $254,000 in Coinbase Global, Inc. (NASDAQ:COIN)

Silver Oak Securities Incorporated bought a new stake in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,461 shares of the cryptocurrency exchange's stock, valued at approximately $254,000.

Several other institutional investors and hedge funds also recently made changes to their positions in COIN. Farther Finance Advisors LLC boosted its stake 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. IPG Investment Advisors LLC boosted its stake 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. Vivaldi Capital Management LP boosted its stake 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. MetLife Investment Management LLC boosted its stake in Coinbase Global by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 11,061 shares of the cryptocurrency exchange's stock worth $2,746,000 after purchasing an additional 55 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in Coinbase Global by 2.3% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,630 shares of the cryptocurrency exchange's stock worth $653,000 after purchasing an additional 60 shares during the period. Hedge funds and other institutional investors own 68.84% of the company's stock.

Insider Transactions at Coinbase Global

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 30,167 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $252.68, for a total value of $7,622,597.56. Following the completion of the transaction, the director owned 10,417 shares of the company's stock, valued at approximately $2,632,167.56. The trade was a 74.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Armstrong sold 336,265 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $362.61, for a total value of $121,933,051.65. Following the completion of the transaction, the chief executive officer directly owned 526 shares of the company's stock, valued at approximately $190,732.86. This trade represents a 99.84% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 685,915 shares of company stock worth $222,081,432. 17.65% of the stock is currently owned by company insiders.

Coinbase Global Stock Up 0.4%

Shares of COIN stock traded up $1.30 during mid-day trading on Monday, reaching $357.10. 7,867,122 shares of the company's stock traded hands, compared to its average volume of 10,778,665. Coinbase Global, Inc. has a 12 month low of $142.58 and a 12 month high of $382.00. The company has a market cap of $90.66 billion, a P/E ratio of 66.87, a P/E/G ratio of 26.03 and a beta of 3.70. 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 company's 50-day moving average price is $265.23 and its 200-day moving average price is $242.75.

Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.22 billion. Coinbase Global had a return on equity of 20.25% and a net margin of 21.14%. The business's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.53 EPS. On average, equities analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

COIN has been the topic of several recent analyst reports. The Goldman Sachs Group raised their price target on Coinbase Global from $239.00 to $268.00 and gave the company a "neutral" rating in a report on Monday. China Renaissance initiated coverage on Coinbase Global in a report on Tuesday, June 17th. They issued a "buy" rating and a $353.30 price target on the stock. JPMorgan Chase & Co. lowered their price target on Coinbase Global from $276.00 to $215.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $260.00 price target (up previously from $210.00) on shares of Coinbase Global in a report on Tuesday, May 27th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $400.00 price target on shares of Coinbase Global in a report on Friday, May 9th. 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 presently has a consensus rating of "Moderate Buy" and an average price target of $293.74.

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.