Coinbase Global, Inc. (NASDAQ:COIN) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. cut its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 5.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,593 shares of the cryptocurrency exchange’s stock after selling 222 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Coinbase Global were worth $640,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of COIN. Crewe Advisors LLC lifted its holdings in Coinbase Global by 547.4% in the second quarter. Crewe Advisors LLC now owns 123 shares of the cryptocurrency exchange’s stock valued at $27,000 after acquiring an additional 104 shares during the period. Lynx Investment Advisory acquired a new position in Coinbase Global in the second quarter valued at approximately $29,000. Geneos Wealth Management Inc. lifted its holdings in Coinbase Global by 833.3% in the first quarter. Geneos Wealth Management Inc. now owns 112 shares of the cryptocurrency exchange’s stock valued at $30,000 after acquiring an additional 100 shares during the period. Versant Capital Management Inc lifted its holdings in Coinbase Global by 75.0% in the second quarter. Versant Capital Management Inc now owns 133 shares of the cryptocurrency exchange’s stock valued at $30,000 after acquiring an additional 57 shares during the period. Finally, ORG Wealth Partners LLC acquired a new position in Coinbase Global in the third quarter valued at approximately $32,000. 68.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, insider Paul Grewal sold 16,962 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $206.96, for a total value of $3,510,455.52. Following the completion of the sale, the insider now directly owns 75,556 shares in the company, valued at $15,637,069.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Coinbase Global news, COO Emilie Choi sold 1,500 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $188.94, for a total value of $283,410.00. Following the completion of the sale, the chief operating officer now directly owns 197,101 shares in the company, valued at $37,240,262.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Grewal sold 16,962 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $206.96, for a total value of $3,510,455.52. Following the completion of the transaction, the insider now directly owns 75,556 shares in the company, valued at approximately $15,637,069.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,687 shares of company stock worth $14,908,594 in the last three months. 23.43% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on COIN shares. Bank of America decreased their price target on Coinbase Global from $263.00 to $246.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. JMP Securities reissued a “market outperform” rating and issued a $320.00 price target on shares of Coinbase Global in a report on Wednesday, October 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 target price on shares of Coinbase Global in a research note on Monday, August 5th. Compass Point reduced their target price on Coinbase Global from $325.00 to $295.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $295.00 target price on shares of Coinbase Global in a research note on Tuesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $242.94.

Coinbase Global Stock Down 3.6 %

Shares of COIN opened at $211.74 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.03 and a current ratio of 1.03. Coinbase Global, Inc. has a one year low of $73.56 and a one year high of $283.48. The stock has a market capitalization of $52.61 billion, a price-to-earnings ratio of 38.01 and a beta of 3.35. The stock has a 50 day moving average price of $181.94 and a 200 day moving average price of $209.22.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Thursday, August 1st. The cryptocurrency exchange reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.93). The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Coinbase Global had a net margin of 31.46% and a return on equity of 13.89%. The firm’s quarterly revenue was up 104.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.42) earnings per share. Equities research analysts forecast that Coinbase Global, Inc. will post 3.92 earnings per share 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.