3,410 Shares in Coinbase Global, Inc. (NASDAQ:COIN) Purchased by Surience Private Wealth LLC

Surience Private Wealth LLC purchased a new stake in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,410 shares of the cryptocurrency exchange's stock, valued at approximately $847,000. Coinbase Global accounts for about 1.1% of Surience Private Wealth LLC's holdings, making the stock its 19th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Banco Santander S.A. lifted its holdings in Coinbase Global by 12.7% in the third quarter. Banco Santander S.A. now owns 148,906 shares of the cryptocurrency exchange's stock valued at $26,531,000 after buying an additional 16,737 shares during the period. Global Retirement Partners LLC boosted its position in shares of Coinbase Global by 135.1% during the 3rd quarter. Global Retirement Partners LLC now owns 2,680 shares of the cryptocurrency exchange's stock valued at $477,000 after purchasing an additional 1,540 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of Coinbase Global during the 3rd quarter valued at about $29,756,000. Lindbrook Capital LLC grew its stake in Coinbase Global by 30.2% during the third quarter. Lindbrook Capital LLC now owns 30,012 shares of the cryptocurrency exchange's stock worth $5,347,000 after purchasing an additional 6,963 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Coinbase Global in the second quarter worth approximately $2,908,000. Institutional investors and hedge funds own 68.84% of the company's stock.

Insider Activity at Coinbase Global

In related news, CEO Brian Armstrong sold 58,269 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $328.00, for a total transaction of $19,112,232.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frederick Ernest Ehrsam III sold 22,842 shares of Coinbase Global stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $281.94, for a total transaction of $6,440,073.48. Following the completion of the sale, the director now directly owns 10,417 shares in the company, valued at approximately $2,936,968.98. This represents a 68.68 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 321,333 shares of company stock valued at $95,092,118. 23.43% of the stock is owned by insiders.

Coinbase Global Stock Up 2.4 %

Shares of NASDAQ COIN traded up $6.70 during trading on Thursday, hitting $281.63. The stock had a trading volume of 6,734,695 shares, compared to its average volume of 7,483,058. The firm has a fifty day moving average of $290.19 and a two-hundred day moving average of $230.45. The company has a market capitalization of $70.51 billion, a PE ratio of 48.06 and a beta of 3.59. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.03 and a quick ratio of 1.03. Coinbase Global, Inc. has a 12 month low of $114.51 and a 12 month high of $349.75.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.13). Coinbase Global had a return on equity of 14.81% and a net margin of 29.76%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the company posted ($0.01) earnings per share. The company's revenue for the quarter was up 78.8% on a year-over-year basis. As a group, equities research analysts forecast that Coinbase Global, Inc. will post 4.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on COIN shares. Monness Crespi & Hardt increased their price target on Coinbase Global from $245.00 to $390.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. B. Riley started coverage on shares of Coinbase Global in a report on Wednesday, October 23rd. They issued a "neutral" rating and a $185.00 price target for the company. HC Wainwright reaffirmed a "buy" rating and issued a $295.00 price target on shares of Coinbase Global in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods cut their price objective on shares of Coinbase Global from $275.00 to $255.00 and set a "market perform" rating on the stock in a research report on Monday. Finally, Mizuho boosted their target price on Coinbase Global from $160.00 to $178.00 and gave the company an "underperform" rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $284.17.

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.