1,897 Shares in Coinbase Global, Inc. (NASDAQ:COIN) Acquired by Bryce Point Capital LLC

Bryce Point Capital LLC bought a new stake in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,897 shares of the cryptocurrency exchange's stock, valued at approximately $471,000.

Several other hedge funds have also recently added to or reduced their stakes in COIN. Wingate Wealth Advisors Inc. acquired a new stake in Coinbase Global in the 4th quarter valued at about $27,000. Atala Financial Inc acquired a new stake in Coinbase Global during the fourth quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Coinbase Global by 365.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange's stock worth $34,000 after buying an additional 106 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Coinbase Global in the fourth quarter valued at $50,000. Finally, Bogart Wealth LLC lifted its position in shares of Coinbase Global by 252.5% during the 4th quarter. Bogart Wealth LLC now owns 208 shares of the cryptocurrency exchange's stock valued at $52,000 after acquiring an additional 149 shares during the last quarter. Institutional investors own 68.84% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on COIN. Cantor Fitzgerald began coverage on Coinbase Global in a research note on Tuesday. They issued an "overweight" rating and a $245.00 price target on the stock. Rosenblatt Securities restated a "buy" rating and issued a $305.00 price target on shares of Coinbase Global in a research report on Wednesday, March 26th. Barclays lowered their price objective on shares of Coinbase Global from $328.00 to $169.00 and set an "equal weight" rating on the stock in a research report on Monday. The Goldman Sachs Group started coverage on Coinbase Global in a report on Thursday, March 20th. They issued a "neutral" rating and a $195.00 target price for the company. Finally, Canaccord Genuity Group upped their price target on Coinbase Global from $280.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $302.68.

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Insiders Place Their Bets

In related news, CFO Alesia J. Haas sold 20,000 shares of the business's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $300.00, for a total transaction of $6,000,000.00. Following the transaction, the chief financial officer now directly owns 124,470 shares in the company, valued at approximately $37,341,000. The trade was a 13.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian Armstrong sold 15,000 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $168.53, for a total transaction of $2,527,950.00. Following the transaction, the chief executive officer now owns 526 shares in the company, valued at $88,646.78. This represents a 96.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 182,767 shares of company stock worth $48,326,134. Company insiders own 23.43% of the company's stock.

Coinbase Global Price Performance

COIN stock traded up $2.84 during trading on Tuesday, hitting $160.12. 4,429,101 shares of the stock traded hands, compared to its average volume of 9,703,292. Coinbase Global, Inc. has a one year low of $142.58 and a one year high of $349.75. The company has a 50 day simple moving average of $224.58 and a 200 day simple moving average of $243.09. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41. The stock has a market cap of $40.65 billion, a price-to-earnings ratio of 16.91 and a beta of 3.65.

Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 EPS for the quarter, topping the consensus estimate of $0.46 by $2.93. Coinbase Global had a return on equity of 20.64% and a net margin of 39.34%. Equities analysts expect that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Coinbase Global 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.