Centaurus Financial Inc. Sells 69 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

Centaurus Financial Inc. trimmed its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 10.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 588 shares of the cryptocurrency exchange’s stock after selling 69 shares during the period. Centaurus Financial Inc.’s holdings in Coinbase Global were worth $105,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of COIN. Renaissance Technologies LLC boosted its holdings in Coinbase Global by 185.9% during the second quarter. Renaissance Technologies LLC now owns 1,063,117 shares of the cryptocurrency exchange’s stock valued at $236,258,000 after acquiring an additional 691,288 shares during the period. American Century Companies Inc. boosted its holdings in Coinbase Global by 1,136.7% during the second quarter. American Century Companies Inc. now owns 474,234 shares of the cryptocurrency exchange’s stock valued at $105,389,000 after acquiring an additional 435,886 shares during the period. CloudAlpha Capital Management Limited Hong Kong bought a new stake in Coinbase Global during the third quarter valued at about $29,756,000. International Assets Investment Management LLC bought a new stake in Coinbase Global during the third quarter valued at about $26,665,000. Finally, Banco Santander S.A. acquired a new position in shares of Coinbase Global during the second quarter valued at about $29,372,000. 68.84% of the stock is currently owned by institutional investors.

Coinbase Global Trading Up 6.0 %

COIN opened at $310.98 on Friday. The firm’s fifty day moving average is $222.79 and its two-hundred day moving average is $217.21. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $77.85 billion, a PE ratio of 53.07 and a beta of 3.34. Coinbase Global, Inc. has a twelve month low of $114.51 and a twelve month high of $341.75.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.13). Coinbase Global had a return on equity of 14.81% and a net margin of 29.76%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business earned ($0.01) earnings per share. The company’s revenue was up 78.8% on a year-over-year basis. Equities research analysts anticipate that Coinbase Global, Inc. will post 4.27 EPS for the current year.

Insider Buying and Selling

In other Coinbase Global news, insider Paul Grewal sold 7,104 shares of Coinbase Global stock in a transaction on Monday, November 25th. The shares were sold at an average price of $307.80, for a total value of $2,186,611.20. Following the sale, the insider now directly owns 79,407 shares in the company, valued at approximately $24,441,474.60. The trade was a 8.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gokul Rajaram sold 400 shares of Coinbase Global stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $204.44, for a total transaction of $81,776.00. Following the completion of the sale, the director now owns 7,771 shares in the company, valued at $1,588,703.24. The trade was a 4.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 237,719 shares of company stock worth $65,309,711 over the last ninety days. Company insiders own 23.43% of the company’s stock.

Analyst Upgrades and Downgrades

COIN has been the subject of a number of research analyst reports. Needham & Company LLC upped their price objective on shares of Coinbase Global from $290.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Bank of America upped their price objective on shares of Coinbase Global from $196.00 to $214.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Compass Point cut their price objective on shares of Coinbase Global from $325.00 to $295.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Oppenheimer upped their price objective on shares of Coinbase Global from $265.00 to $358.00 and gave the company an “outperform” rating in a research report on Monday. Finally, HC Wainwright reaffirmed a “buy” rating and set a $295.00 price objective on shares of Coinbase Global in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $255.22.

Coinbase Global Company 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.