Linden Advisors LP Invests $1.40 Million in Coincheck Group NV. (NASDAQ:CNCK)

Linden Advisors LP bought a new position in Coincheck Group NV. (NASDAQ:CNCK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 157,170 shares of the company's stock, valued at approximately $1,397,000. Linden Advisors LP owned approximately 1.66% of Coincheck Group at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in shares of Coincheck Group during the 4th quarter worth approximately $533,000. Wellington Management Group LLP acquired a new stake in shares of Coincheck Group during the 4th quarter worth approximately $911,000. Ghisallo Capital Management LLC acquired a new stake in shares of Coincheck Group during the 4th quarter worth approximately $10,439,000. Geode Capital Management LLC acquired a new stake in shares of Coincheck Group during the 4th quarter worth approximately $137,000. Finally, Balyasny Asset Management L.P. acquired a new stake in Coincheck Group in the 4th quarter valued at approximately $362,000. 33.22% of the stock is owned by hedge funds and other institutional investors.

Coincheck Group Stock Performance

Coincheck Group stock traded up $0.12 during trading on Thursday, hitting $6.12. The company had a trading volume of 61,872 shares, compared to its average volume of 58,905. Coincheck Group NV. has a 1-year low of $4.22 and a 1-year high of $14.42. The company has a 50 day simple moving average of $6.26.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald initiated coverage on shares of Coincheck Group in a report on Wednesday, February 19th. They issued an "overweight" rating and a $10.00 target price for the company.

Coincheck Group Company Profile

Coincheck Group NV. is a Dutch public limited liability company and a holding company of Coincheck, Inc which operates one of the largest multi-cryptocurrency marketplaces and crypto asset exchanges in Japan and is regulated by the Financial Services Agency of Japan. The company was founded on February 18, 2022 and is headquartered in Amsterdam, Netherland.