4,263 Shares in Coinbase Global, Inc. (NASDAQ:COIN) Purchased by Wolf Group Capital Advisors

Wolf Group Capital Advisors acquired a new stake in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,263 shares of the cryptocurrency exchange's stock, valued at approximately $734,000.

Other large investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Coinbase Global in the fourth quarter worth $536,484,000. Groupama Asset Managment acquired a new stake in Coinbase Global in the fourth quarter worth $372,450,000. Proficio Capital Partners LLC raised its holdings 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 worth $103,888,000 after purchasing an additional 417,036 shares during the period. Two Sigma Advisers LP raised its holdings in Coinbase Global by 445.4% in the fourth quarter. Two Sigma Advisers LP now owns 408,500 shares of the cryptocurrency exchange's stock worth $101,431,000 after purchasing an additional 333,600 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Coinbase Global by 1,159.9% in the fourth quarter. Wellington Management Group LLP now owns 328,684 shares of the cryptocurrency exchange's stock worth $81,612,000 after purchasing an additional 302,595 shares during the period. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on COIN shares. HC Wainwright reiterated a "buy" rating and issued a $350.00 target price on shares of Coinbase Global in a report on Friday, February 21st. Rosenblatt Securities restated a "buy" rating and set a $300.00 price objective on shares of Coinbase Global in a report on Monday. The Goldman Sachs Group raised their price objective on shares of Coinbase Global from $189.00 to $209.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Citigroup restated a "neutral" rating on shares of Coinbase Global in a report on Thursday, May 8th. Finally, Barclays raised their price objective on shares of Coinbase Global from $169.00 to $202.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $271.88.

Coinbase Global Stock Performance

Shares of COIN traded up $41.44 during midday trading on Thursday, reaching $295.29. The stock had a trading volume of 37,251,901 shares, compared to its average volume of 10,255,252. The firm has a 50 day simple moving average of $229.78 and a 200-day simple moving average of $241.06. Coinbase Global, Inc. has a one year low of $142.58 and a one year high of $349.75. The firm has a market cap of $74.97 billion, a PE ratio of 55.30, a P/E/G ratio of 21.52 and a beta of 3.61. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.40.

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

Insider Activity

In related news, CFO Alesia J. Haas sold 1,741 shares of Coinbase Global stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $247.50, for a total transaction of $430,897.50. Following the completion of the sale, the chief financial officer now owns 10,450 shares of the company's stock, valued at approximately $2,586,375. The trade was a 14.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brian Armstrong sold 10,000 shares of Coinbase Global stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $198.15, for a total transaction of $1,981,500.00. Following the sale, the chief executive officer now directly owns 526 shares of the company's stock, valued at $104,226.90. The trade was a 95.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 228,538 shares of company stock valued at $51,299,116 in the last quarter. Company insiders own 17.65% of the company's stock.

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.