Coinbase Global, Inc. (NASDAQ:COIN) Shares Sold by Compass Ion Advisors LLC

Compass Ion Advisors LLC lessened its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,863 shares of the cryptocurrency exchange’s stock after selling 302 shares during the period. Compass Ion Advisors LLC’s holdings in Coinbase Global were worth $959,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Wingate Wealth Advisors Inc. acquired a new stake in Coinbase Global during the fourth quarter worth $27,000. Atala Financial Inc acquired a new stake in shares of Coinbase Global during the 4th quarter worth about $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in Coinbase Global by 365.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange’s stock valued at $34,000 after buying an additional 106 shares during the period. RPg Family Wealth Advisory LLC purchased a new stake in Coinbase Global in the 3rd quarter valued at about $25,000. Finally, Cullen Frost Bankers Inc. acquired a new position in Coinbase Global in the fourth quarter valued at about $50,000. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Insider Activity at Coinbase Global

In other Coinbase Global news, insider Paul Grewal sold 10,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $256.69, for a total transaction of $2,566,900.00. Following the sale, the insider now directly owns 69,407 shares in the company, valued at approximately $17,816,082.83. The trade was a 12.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 25,194 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $298.95, for a total value of $7,531,746.30. Following the sale, the director now owns 10,417 shares in the company, valued at $3,114,162.15. This trade represents a 70.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 219,455 shares of company stock worth $60,955,968 over the last three months. 23.43% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on COIN. Keefe, Bruyette & Woods boosted their price target on shares of Coinbase Global from $255.00 to $305.00 and gave the company a “market perform” rating in a research note on Tuesday, February 18th. Rosenblatt Securities assumed coverage on Coinbase Global in a research note on Friday, March 7th. They set a “buy” rating and a $305.00 price target on the stock. Monness Crespi & Hardt set a $420.00 price objective on Coinbase Global in a research note on Tuesday, February 18th. Sanford C. Bernstein began coverage on Coinbase Global in a research note on Monday. They set an “outperform” rating and a $310.00 target price on the stock. Finally, Bank of America cut their price target on shares of Coinbase Global from $363.00 to $311.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $322.78.

Coinbase Global Stock Down 4.1 %

COIN stock opened at $181.14 on Wednesday. Coinbase Global, Inc. has a one year low of $146.12 and a one year high of $349.75. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28. The company has a fifty day moving average of $251.44 and a 200-day moving average of $241.13. The stock has a market capitalization of $45.99 billion, a PE ratio of 19.07 and a beta of 3.66.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $2.93. Coinbase Global had a return on equity of 20.64% and a net margin of 39.34%. As a group, analysts expect that Coinbase Global, Inc. will post 7.22 EPS for the current year.

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.