Alpha Paradigm Partners LLC acquired a new position in Coinbase Global, Inc. (NASDAQ:COIN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,022 shares of the cryptocurrency exchange’s stock, valued at approximately $259,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Crewe Advisors LLC bought a new stake in Coinbase Global during the 2nd quarter valued at approximately $25,000. South State Corp bought a new stake in Coinbase Global during the 2nd quarter valued at approximately $30,000. Global Wealth Management Investment Advisory Inc. bought a new stake in Coinbase Global during the 2nd quarter valued at approximately $32,000. Gemmer Asset Management LLC bought a new stake in Coinbase Global during the 2nd quarter valued at approximately $33,000. Finally, Laurel Wealth Advisors LLC bought a new stake in Coinbase Global during the 2nd quarter valued at approximately $34,000. 20.26% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Surojit Chatterjee sold 10,000 shares of the business’s stock in a transaction on Monday, October 11th. The stock was sold at an average price of $263.00, for a total transaction of $2,630,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul Grewal sold 46,289 shares of the company’s stock in a transaction on Tuesday, August 31st. The stock was sold at an average price of $259.05, for a total value of $11,991,165.45. Following the completion of the sale, the insider now owns 33,746 shares of the company’s stock, valued at $8,741,901.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 938,604 shares of company stock valued at $243,067,560.
Shares of Coinbase Global stock opened at $246.78 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.47 and a quick ratio of 1.47. The business has a 50 day moving average of $251.31. Coinbase Global, Inc. has a one year low of $208.00 and a one year high of $429.54.
Coinbase Global (NASDAQ:COIN) last announced its earnings results on Monday, August 9th. The cryptocurrency exchange reported $6.42 EPS for the quarter, topping the Zacks’ consensus estimate of $2.26 by $4.16. The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.83 billion. The company’s revenue for the quarter was up 1040.2% on a year-over-year basis. As a group, research analysts forecast that Coinbase Global, Inc. will post 13.96 earnings per share for the current year.
Coinbase Global Profile
Coinbase Global, Inc provides financial infrastructure and technology for the cryptoeconomy. The company provides primary financial account for the cryptoeconomy, a platform to invest, store, spend, earn, and use crypto assets; an online marketplace for hedge funds, money managers, and corporations; and a platform with technology and services to developers, merchants, and asset issuers that enables them to build applications that leverage crypto protocols.
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