Dimension Capital Management LLC Has $605,000 Stock Holdings in Coinbase Global, Inc. (NASDAQ:COIN)

Dimension Capital Management LLC reduced its position in Coinbase Global, Inc. (NASDAQ:COIN) by 2.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,437 shares of the cryptocurrency exchange’s stock after selling 58 shares during the period. Dimension Capital Management LLC’s holdings in Coinbase Global were worth $605,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wingate Wealth Advisors Inc. acquired a new position in shares of Coinbase Global in the fourth quarter valued at $27,000. Atala Financial Inc bought a new position in Coinbase Global in the 4th quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Coinbase Global by 365.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange’s stock worth $34,000 after acquiring an additional 106 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in Coinbase Global during the 4th quarter worth approximately $50,000. Finally, BNP Paribas bought a new stake in Coinbase Global in the 4th quarter valued at $50,000. Institutional investors own 68.84% of the company’s stock.

Coinbase Global Price Performance

Coinbase Global stock opened at $196.56 on Thursday. The stock’s 50 day moving average price is $187.63 and its two-hundred day moving average price is $242.89. The stock has a market capitalization of $49.90 billion, a price-to-earnings ratio of 20.69 and a beta of 3.62. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28. Coinbase Global, Inc. has a 52-week low of $142.58 and a 52-week high of $349.75.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $2.93. Coinbase Global had a net margin of 39.34% and a return on equity of 20.64%. On average, equities analysts predict that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Insiders Place Their Bets

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 7,614 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $295.10, for a total transaction of $2,246,891.40. Following the completion of the sale, the director now directly owns 10,417 shares of the company’s stock, valued at approximately $3,074,056.70. The trade was a 42.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian Armstrong sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $275.26, for a total value of $6,881,500.00. Following the completion of the transaction, the chief executive officer now owns 526 shares in the company, valued at $144,786.76. This represents a 97.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 153,742 shares of company stock worth $32,639,759. Corporate insiders own 23.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Cantor Fitzgerald initiated coverage on Coinbase Global in a report on Tuesday, April 8th. They set an “overweight” rating and a $245.00 target price for the company. The Goldman Sachs Group began coverage on shares of Coinbase Global in a report on Thursday, March 20th. They issued a “neutral” rating and a $195.00 price objective for the company. Mizuho cut their price target on Coinbase Global from $280.00 to $217.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Rosenblatt Securities cut their target price on shares of Coinbase Global from $290.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, Compass Point restated a “sell” rating and set a $180.00 price target on shares of Coinbase Global in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $285.95.

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.