Ghisallo Capital Management LLC Invests $10.44 Million in Coincheck Group NV. (NASDAQ:CNCK)

Ghisallo Capital Management LLC bought a new stake in Coincheck Group NV. (NASDAQ:CNCK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,174,242 shares of the company’s stock, valued at approximately $10,439,000. Ghisallo Capital Management LLC owned about 12.37% of Coincheck Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Wellington Management Group LLP purchased a new position in shares of Coincheck Group in the 4th quarter valued at about $911,000. Geode Capital Management LLC acquired a new position in Coincheck Group in the fourth quarter valued at approximately $137,000. Finally, JPMorgan Chase & Co. purchased a new position in Coincheck Group in the fourth quarter valued at approximately $533,000. 33.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Cantor Fitzgerald initiated coverage on shares of Coincheck Group in a research report on Wednesday, February 19th. They set an “overweight” rating and a $10.00 price objective for the company.

Coincheck Group Stock Performance

CNCK opened at $7.90 on Friday. Coincheck Group NV. has a one year low of $4.22 and a one year high of $14.42. The business’s 50-day moving average price is $5.97.

Coincheck Group Company Profile

Coincheck Group NV. is a Dutch public limited liability company and a holding company of Coincheck, Inc which operates one of the largest multi-cryptocurrency marketplaces and crypto asset exchanges in Japan and is regulated by the Financial Services Agency of Japan. The company was founded on February 18, 2022 and is headquartered in Amsterdam, Netherland.