Coinbase Global, Inc. (NASDAQ:COIN) Shares Sold by CAP Partners LLC

CAP Partners LLC lessened its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 39.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,766 shares of the cryptocurrency exchange’s stock after selling 2,425 shares during the period. CAP Partners LLC’s holdings in Coinbase Global were worth $935,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wingate Wealth Advisors Inc. acquired a new position in shares of Coinbase Global during the fourth quarter worth about $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Coinbase Global by 365.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange’s stock valued at $34,000 after purchasing an additional 106 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new position in Coinbase Global during the 3rd quarter worth approximately $25,000. ORG Wealth Partners LLC purchased a new position in shares of Coinbase Global during the 3rd quarter worth approximately $32,000. Finally, Spirit of America Management Corp NY lifted its holdings in shares of Coinbase Global by 66.7% in the 4th quarter. Spirit of America Management Corp NY now owns 250 shares of the cryptocurrency exchange’s stock valued at $62,000 after buying an additional 100 shares during the period. 68.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COIN has been the topic of a number of recent analyst reports. Barclays upped their price objective on Coinbase Global from $204.00 to $355.00 and gave the stock an “equal weight” rating in a report on Monday, December 9th. The Goldman Sachs Group cut their price target on shares of Coinbase Global from $397.00 to $340.00 and set a “neutral” rating for the company in a report on Friday, January 10th. HC Wainwright reiterated a “buy” rating and issued a $295.00 price objective on shares of Coinbase Global in a research note on Tuesday, October 29th. Mizuho raised shares of Coinbase Global from a “neutral” rating to an “outperform” rating and increased their target price for the company from $250.00 to $290.00 in a report on Wednesday, January 29th. Finally, Piper Sandler boosted their price target on Coinbase Global from $245.00 to $285.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Coinbase Global currently has a consensus rating of “Moderate Buy” and an average target price of $284.06.

Coinbase Global Trading Up 2.1 %

Shares of Coinbase Global stock opened at $280.22 on Tuesday. The firm has a market cap of $70.15 billion, a PE ratio of 47.82 and a beta of 3.61. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.48. Coinbase Global, Inc. has a fifty-two week low of $137.13 and a fifty-two week high of $349.75. The business’s fifty day moving average is $284.78 and its two-hundred day moving average is $237.03.

Insider Buying and Selling

In other Coinbase Global news, CAO Jennifer N. Jones sold 1,837 shares of Coinbase Global stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $295.02, for a total value of $541,951.74. Following the transaction, the chief accounting officer now owns 1,160 shares in the company, valued at $342,223.20. This trade represents a 61.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian Armstrong sold 58,269 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 526 shares of the company’s stock, valued at $172,528. This represents a 99.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 361,798 shares of company stock worth $107,826,444. 23.43% of the stock is owned by company insiders.

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.