Crossmark Global Holdings Inc. Sells 144 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

Crossmark Global Holdings Inc. lowered its position in Coinbase Global, Inc. (NASDAQ:COINFree Report) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,404 shares of the cryptocurrency exchange’s stock after selling 144 shares during the period. Crossmark Global Holdings Inc.’s holdings in Coinbase Global were worth $348,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC acquired a new position in Coinbase Global during the 3rd quarter worth approximately $25,000. ORG Wealth Partners LLC acquired a new stake in shares of Coinbase Global in the third quarter valued at approximately $32,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Coinbase Global by 365.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange’s stock worth $34,000 after purchasing an additional 106 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Coinbase Global by 408.0% during the third quarter. Brown Brothers Harriman & Co. now owns 254 shares of the cryptocurrency exchange’s stock worth $45,000 after purchasing an additional 204 shares during the last quarter. Finally, V Square Quantitative Management LLC bought a new position in Coinbase Global in the third quarter valued at $55,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insider Transactions at Coinbase Global

In other Coinbase Global news, COO Emilie Choi sold 1,500 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $203.30, for a total value of $304,950.00. Following the completion of the sale, the chief operating officer now directly owns 175,101 shares of the company’s stock, valued at $35,598,033.30. The trade was a 0.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Armstrong sold 58,269 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $328.00, for a total value of $19,112,232.00. Following the transaction, the chief executive officer now owns 526 shares in the company, valued at approximately $172,528. This represents a 99.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 367,489 shares of company stock valued at $109,624,297. 23.43% of the stock is currently owned by corporate insiders.

Coinbase Global Trading Up 0.7 %

Coinbase Global stock opened at $298.00 on Monday. The business has a 50-day simple moving average of $290.54 and a two-hundred day simple moving average of $233.92. Coinbase Global, Inc. has a 52-week low of $114.51 and a 52-week high of $349.75. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.48. The company has a market cap of $74.60 billion, a P/E ratio of 50.85 and a beta of 3.59.

Coinbase Global (NASDAQ:COINGet Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.13). The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Coinbase Global had a net margin of 29.76% and a return on equity of 14.81%. The firm’s quarterly revenue was up 78.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.01) earnings per share. Analysts predict that Coinbase Global, Inc. will post 4.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on COIN shares. Keefe, Bruyette & Woods reduced their price target on Coinbase Global from $275.00 to $255.00 and set a “market perform” rating for the company in a research report on Monday, January 13th. Monness Crespi & Hardt increased their price objective on Coinbase Global from $245.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, December 19th. HC Wainwright reissued a “buy” rating and issued a $295.00 target price on shares of Coinbase Global in a research note on Tuesday, October 29th. Bank of America upped their price target on shares of Coinbase Global from $196.00 to $214.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Barclays lifted their price objective on shares of Coinbase Global from $204.00 to $355.00 and gave the company an “equal weight” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $282.83.

View Our Latest Analysis on COIN

About Coinbase Global

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Coinbase Global (NASDAQ:COIN)

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