Coinbase Global, Inc. (NASDAQ:COIN) Shares Acquired by Bokf Na

Bokf Na grew its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 9,906.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,902 shares of the cryptocurrency exchange’s stock after acquiring an additional 2,873 shares during the quarter. Bokf Na’s holdings in Coinbase Global were worth $732,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted 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 worth $30,000 after acquiring an additional 100 shares in the last quarter. Concord Wealth Partners lifted its holdings in shares of Coinbase Global by 322.2% during the first quarter. Concord Wealth Partners now owns 114 shares of the cryptocurrency exchange’s stock worth $30,000 after purchasing an additional 87 shares during the period. Mather Group LLC. purchased a new position in Coinbase Global during the first quarter valued at approximately $32,000. Barrett & Company Inc. purchased a new position in Coinbase Global during the fourth quarter valued at approximately $26,000. Finally, Creekmur Asset Management LLC purchased a new position in Coinbase Global during the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global Trading Up 0.7 %

NASDAQ COIN traded up $1.60 on Monday, reaching $244.53. 3,586,535 shares of the company were exchanged, compared to its average volume of 11,322,131. The business’s fifty day moving average price is $235.30 and its 200 day moving average price is $212.30. The stock has a market capitalization of $60.05 billion, a P/E ratio of 48.49 and a beta of 3.40. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.52. Coinbase Global, Inc. has a fifty-two week low of $69.63 and a fifty-two week high of $283.48.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings data on Thursday, May 2nd. The cryptocurrency exchange reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.61. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.26 billion. Coinbase Global had a return on equity of 9.42% and a net margin of 33.98%. Analysts forecast that Coinbase Global, Inc. will post 4.95 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on COIN. Needham & Company LLC reiterated a “buy” rating and set a $260.00 price target on shares of Coinbase Global in a research report on Friday, July 19th. JMP Securities restated a “market outperform” rating and issued a $320.00 price objective on shares of Coinbase Global in a research report on Friday, May 3rd. Piper Sandler boosted their price objective on Coinbase Global from $225.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. The Goldman Sachs Group cut their price objective on Coinbase Global from $255.00 to $215.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Finally, Bank of America upgraded Coinbase Global from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $110.00 to $217.00 in a research report on Friday, May 17th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Coinbase Global presently has a consensus rating of “Hold” and an average target price of $237.50.

Insiders Place Their Bets

In other news, insider Lawrence J. Brock sold 16,456 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $223.34, for a total value of $3,675,283.04. Following the transaction, the insider now owns 16,140 shares of the company’s stock, valued at approximately $3,604,707.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Paul Grewal sold 17,444 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $239.07, for a total value of $4,170,337.08. Following the transaction, the insider now owns 71,195 shares of the company’s stock, valued at approximately $17,020,588.65. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lawrence J. Brock sold 16,456 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $223.34, for a total value of $3,675,283.04. Following the completion of the transaction, the insider now directly owns 16,140 shares in the company, valued at approximately $3,604,707.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 271,676 shares of company stock valued at $58,878,978. Insiders own 23.43% of the company’s stock.

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.