CreativeOne Wealth LLC Buys Shares of 2,103 Coinbase Global, Inc. (NASDAQ:COIN)

CreativeOne Wealth LLC purchased a new position in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,103 shares of the cryptocurrency exchange's stock, valued at approximately $522,000.

A number of other large investors also recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of Coinbase Global in the third quarter worth $3,866,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Coinbase Global in the 3rd quarter valued at about $94,000. Principal Financial Group Inc. grew its holdings in shares of Coinbase Global by 219.2% during the third quarter. Principal Financial Group Inc. now owns 53,648 shares of the cryptocurrency exchange's stock worth $9,558,000 after purchasing an additional 36,843 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Coinbase Global by 106.9% in the fourth quarter. Versant Capital Management Inc now owns 298 shares of the cryptocurrency exchange's stock worth $74,000 after purchasing an additional 154 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Coinbase Global by 25.9% during the fourth quarter. GAMMA Investing LLC now owns 1,039 shares of the cryptocurrency exchange's stock valued at $258,000 after purchasing an additional 214 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors.

Insider Transactions at Coinbase Global

In other Coinbase Global news, CEO Brian Armstrong sold 15,000 shares of Coinbase Global stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $178.79, for a total value of $2,681,850.00. Following the completion of the transaction, the chief executive officer now directly owns 526 shares of the company's stock, valued at approximately $94,043.54. The trade was a 96.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Alesia J. Haas sold 7,575 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $200.00, for a total transaction of $1,515,000.00. Following the sale, the chief financial officer now directly owns 114,866 shares of the company's stock, valued at $22,973,200. This trade represents a 6.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 166,805 shares of company stock valued at $41,907,752. Insiders own 23.43% of the company's stock.

Coinbase Global Stock Performance

Shares of COIN stock opened at $175.03 on Friday. 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 company's fifty day moving average price is $200.17 and its 200-day moving average price is $241.39. The stock has a market cap of $44.44 billion, a PE ratio of 18.42 and a beta of 3.65. Coinbase Global, Inc. has a 12 month low of $142.58 and a 12 month high of $349.75.

Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its earnings results 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 net margin of 39.34% and a return on equity of 20.64%. On average, equities analysts expect that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Bank of America lowered their price objective on shares of Coinbase Global from $363.00 to $311.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Oppenheimer reissued an "outperform" rating on shares of Coinbase Global in a report on Monday, February 10th. JMP Securities cut their target price on Coinbase Global from $475.00 to $400.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Cantor Fitzgerald initiated coverage on shares of Coinbase Global in a report on Tuesday, April 8th. They issued an "overweight" rating and a $245.00 price objective for the company. Finally, Keefe, Bruyette & Woods increased their target price on shares of Coinbase Global from $255.00 to $305.00 and gave the company a "market perform" rating in a report on Tuesday, February 18th. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $297.95.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.