Coinbase Global, Inc. (NASDAQ:COIN) Shares Sold by Richard W. Paul & Associates LLC

Richard W. Paul & Associates LLC trimmed its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 3.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,951 shares of the cryptocurrency exchange’s stock after selling 347 shares during the period. Richard W. Paul & Associates LLC’s holdings in Coinbase Global were worth $1,773,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Sloy Dahl & Holst LLC raised its stake in shares of Coinbase Global by 16.2% during the 3rd quarter. Sloy Dahl & Holst LLC now owns 59,306 shares of the cryptocurrency exchange’s stock worth $10,567,000 after buying an additional 8,280 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Coinbase Global during the 3rd quarter worth approximately $55,000. Global Retirement Partners LLC raised its stake 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 worth $477,000 after buying an additional 1,540 shares in the last quarter. Rheos Capital Works Inc. raised its stake in shares of Coinbase Global by 247.1% during the 3rd quarter. Rheos Capital Works Inc. now owns 59,000 shares of the cryptocurrency exchange’s stock worth $10,512,000 after buying an additional 42,000 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in shares of Coinbase Global by 65.9% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 4,966 shares of the cryptocurrency exchange’s stock worth $885,000 after buying an additional 1,972 shares in the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Gokul Rajaram sold 400 shares of Coinbase Global stock in a transaction 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 owns 7,771 shares of the company’s stock, valued at $1,588,703.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Gokul Rajaram sold 400 shares of Coinbase Global stock in a transaction 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 owns 7,771 shares of the company’s stock, valued at $1,588,703.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Alesia J. Haas sold 5,250 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $195.25, for a total value of $1,025,062.50. Following the sale, the chief financial officer now directly owns 169,786 shares of the company’s stock, valued at approximately $33,150,716.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 81,187 shares of company stock valued at $15,515,794 over the last quarter. Company insiders own 23.43% of the company’s stock.

Coinbase Global Price Performance

Shares of NASDAQ:COIN opened at $220.21 on Friday. The company has a market cap of $54.08 billion, a P/E ratio of 43.95 and a beta of 3.35. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.51. Coinbase Global, Inc. has a 52 week low of $70.42 and a 52 week high of $283.48. The business has a fifty day simple moving average of $180.16 and a 200-day simple moving average of $211.67.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, August 1st. The cryptocurrency exchange reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.93). The business 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%. Coinbase Global’s revenue for the quarter was up 104.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.42) EPS. Equities research analysts forecast that Coinbase Global, Inc. will post 3.92 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Compass Point dropped their price objective 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 price objective on shares of Coinbase Global in a research note on Monday, August 5th. Bank of America dropped their price objective on Coinbase Global from $263.00 to $246.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. JMP Securities reaffirmed a “market outperform” rating and issued a $320.00 price objective on shares of Coinbase Global in a research note on Wednesday, October 9th. Finally, HC Wainwright dropped their price objective on Coinbase Global from $315.00 to $295.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $246.44.

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.