2,135 Shares in Coinbase Global, Inc. (NASDAQ:COIN) Bought by Planning Directions Inc.

Planning Directions Inc. bought a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,135 shares of the cryptocurrency exchange's stock, valued at approximately $380,000.

A number of other institutional investors have also recently added to or reduced their stakes in COIN. Longitude Cayman Ltd. grew its stake in shares of Coinbase Global by 50.0% in the 3rd quarter. Longitude Cayman Ltd. now owns 6,000 shares of the cryptocurrency exchange's stock worth $1,069,000 after purchasing an additional 2,000 shares during the last quarter. River Street Advisors LLC grew its position in Coinbase Global by 53.3% in the third quarter. River Street Advisors LLC now owns 1,395 shares of the cryptocurrency exchange's stock worth $249,000 after buying an additional 485 shares during the last quarter. Vishria Bird Financial Group LLC increased its holdings in shares of Coinbase Global by 55.8% in the third quarter. Vishria Bird Financial Group LLC now owns 2,882 shares of the cryptocurrency exchange's stock valued at $513,000 after buying an additional 1,032 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Coinbase Global by 0.8% during the 3rd quarter. Empowered Funds LLC now owns 5,185 shares of the cryptocurrency exchange's stock valued at $924,000 after acquiring an additional 43 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC boosted its stake in shares of Coinbase Global by 1.3% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 6,216 shares of the cryptocurrency exchange's stock worth $1,108,000 after acquiring an additional 80 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Coinbase Global

In other news, Director Gokul Rajaram sold 400 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $204.44, for a total value of $81,776.00. Following the completion of the sale, the director now directly owns 7,771 shares of the company's stock, valued at approximately $1,588,703.24. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frederick R. Wilson sold 40,000 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $300.00, for a total transaction of $12,000,000.00. Following the transaction, the director now directly owns 50,000 shares in the company, valued at $15,000,000. This trade represents a 44.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,822 shares of company stock worth $30,921,194. 23.43% of the stock is owned by insiders.

Coinbase Global Stock Up 6.4 %

Coinbase Global stock traded up $19.56 during mid-day trading on Monday, hitting $325.41. 25,629,448 shares of the company's stock were exchanged, compared to its average volume of 11,041,122. Coinbase Global, Inc. has a 1-year low of $100.01 and a 1-year high of $334.86. The stock has a 50 day moving average of $202.13 and a two-hundred day moving average of $212.58. The stock has a market cap of $81.47 billion, a P/E ratio of 55.53 and a beta of 3.34. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.48.

Coinbase Global (NASDAQ:COIN - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $1.26 billion. Coinbase Global had a net margin of 29.76% and a return on equity of 14.81%. The firm's revenue was up 78.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.01) earnings per share. As a group, analysts anticipate that Coinbase Global, Inc. will post 4.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. JMP Securities reaffirmed a "market outperform" rating and set a $320.00 target price on shares of Coinbase Global in a report on Wednesday, October 9th. Monness Crespi & Hardt assumed coverage on shares of Coinbase Global in a report on Monday, October 28th. They issued a "buy" rating and a $245.00 target price for the company. Piper Sandler restated a "neutral" rating and set a $245.00 price target on shares of Coinbase Global in a report on Friday, November 1st. Needham & Company LLC raised their price objective on shares of Coinbase Global from $290.00 to $375.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Compass Point cut their target price on shares of Coinbase Global from $325.00 to $295.00 and set a "buy" rating on the stock in a research note on Tuesday, August 6th. One 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 a consensus target price of $251.00.

About Coinbase Global

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.