Atria Wealth Solutions Inc. Has $1.28 Million Stake in Coinbase Global, Inc. (NASDAQ:COIN)

Atria Wealth Solutions Inc. boosted its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 32.4% in the fourth quarter, Holdings Channel reports. The fund owned 7,376 shares of the cryptocurrency exchange’s stock after acquiring an additional 1,806 shares during the period. Atria Wealth Solutions Inc.’s holdings in Coinbase Global were worth $1,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of COIN. Barrett & Company Inc. acquired a new position in Coinbase Global during the 4th quarter worth $26,000. AlphaMark Advisors LLC acquired a new position in Coinbase Global during the 4th quarter worth $33,000. Harbor Investment Advisory LLC lifted its position in Coinbase Global by 68.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 247 shares of the cryptocurrency exchange’s stock worth $43,000 after acquiring an additional 100 shares during the last quarter. Coston McIsaac & Partners acquired a new position in Coinbase Global during the 4th quarter worth $52,000. Finally, Steph & Co. lifted its position in Coinbase Global by 100.0% during the 4th quarter. Steph & Co. now owns 300 shares of the cryptocurrency exchange’s stock worth $52,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insider Buying and Selling at Coinbase Global

In other news, insider Paul Grewal sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $221.47, for a total transaction of $2,214,700.00. Following the transaction, the insider now directly owns 66,122 shares in the company, valued at $14,644,039.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Frederick Ernest Ehrsam III sold 16,380 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $274.97, for a total transaction of $4,504,008.60. Following the transaction, the director now directly owns 4,662 shares in the company, valued at $1,281,910.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Grewal sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $221.47, for a total transaction of $2,214,700.00. Following the transaction, the insider now owns 66,122 shares in the company, valued at $14,644,039.34. The disclosure for this sale can be found here. Insiders have sold a total of 419,797 shares of company stock worth $85,822,565 over the last ninety days. Corporate insiders own 33.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on COIN shares. The Goldman Sachs Group upgraded shares of Coinbase Global from a “sell” rating to a “neutral” rating in a report on Friday, March 8th. TheStreet upgraded shares of Coinbase Global from a “d” rating to a “c-” rating in a report on Friday, February 16th. Sanford C. Bernstein boosted their price objective on shares of Coinbase Global from $80.00 to $200.00 and gave the stock a “market perform” rating in a report on Thursday, April 18th. Citigroup boosted their price objective on shares of Coinbase Global from $90.00 to $151.00 and gave the stock a “neutral” rating in a report on Friday, January 19th. Finally, Bank of America boosted their price objective on shares of Coinbase Global from $92.00 to $110.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Coinbase Global presently has an average rating of “Hold” and an average price target of $167.81.

Coinbase Global Price Performance

NASDAQ:COIN opened at $210.09 on Thursday. The firm has a market cap of $50.90 billion, a PE ratio of 778.11 and a beta of 3.41. Coinbase Global, Inc. has a 12 month low of $46.43 and a 12 month high of $283.48. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $233.11 and its two-hundred day moving average price is $163.99.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, February 15th. The cryptocurrency exchange reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $1.13. The firm had revenue of $953.80 million for the quarter, compared to analyst estimates of $826.10 million. Coinbase Global had a net margin of 3.05% and a return on equity of 3.54%. The company’s revenue for the quarter was up 51.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($2.46) earnings per share. On average, equities analysts anticipate that Coinbase Global, Inc. will post 2.43 EPS for the current fiscal year.

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.