Coinbase Global, Inc. (NASDAQ:COIN) Stock Holdings Lessened by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lowered its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 7.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 634 shares of the cryptocurrency exchange’s stock after selling 50 shares during the period. Banque Cantonale Vaudoise’s holdings in Coinbase Global were worth $113,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Crewe Advisors LLC grew its position in Coinbase Global by 547.4% during the 2nd quarter. Crewe Advisors LLC now owns 123 shares of the cryptocurrency exchange’s stock worth $27,000 after purchasing an additional 104 shares in the last quarter. Lynx Investment Advisory purchased a new position in Coinbase Global during the 2nd quarter worth approximately $29,000. Versant Capital Management Inc grew its position in Coinbase Global by 75.0% during the 2nd quarter. Versant Capital Management Inc now owns 133 shares of the cryptocurrency exchange’s stock worth $30,000 after purchasing an additional 57 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in Coinbase Global during the 3rd quarter worth approximately $32,000. Finally, Spirit of America Management Corp NY purchased a new position in Coinbase Global during the 2nd quarter worth approximately $33,000. Institutional investors own 68.84% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on COIN. Needham & Company LLC lifted their price objective on shares of Coinbase Global from $290.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. HC Wainwright restated a “buy” rating and set a $295.00 price target on shares of Coinbase Global in a report on Tuesday, October 29th. Piper Sandler restated a “neutral” rating and set a $245.00 price target on shares of Coinbase Global in a report on Friday, November 1st. Barclays boosted their price target on shares of Coinbase Global from $175.00 to $204.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Finally, Mizuho boosted their price target on shares of Coinbase Global from $160.00 to $178.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $251.00.

Insider Activity

In other news, CEO Brian Armstrong sold 23,075 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $173.93, for a total transaction of $4,013,434.75. Following the completion of the transaction, the chief executive officer now owns 526 shares of the company’s stock, valued at approximately $91,487.18. This represents a 97.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederick R. Wilson sold 40,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $300.00, for a total transaction of $12,000,000.00. Following the transaction, the director now directly owns 50,000 shares of the company’s stock, valued at $15,000,000. This represents a 44.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 194,091 shares of company stock valued at $50,033,426. Insiders own 23.43% of the company’s stock.

Coinbase Global Stock Up 3.2 %

Coinbase Global stock opened at $304.64 on Friday. The firm has a market cap of $76.27 billion, a price-to-earnings ratio of 51.99 and a beta of 3.34. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.03 and a quick ratio of 1.03. Coinbase Global, Inc. has a fifty-two week low of $107.98 and a fifty-two week high of $341.75. The firm has a fifty day moving average price of $214.20 and a two-hundred day moving average price of $215.15.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.13). The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.26 billion. Coinbase Global had a net margin of 29.76% and a return on equity of 14.81%. The firm’s quarterly revenue was up 78.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.01) EPS. As a group, analysts forecast that Coinbase Global, Inc. will post 4.27 earnings per share for the current 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.