Strategic Investment Solutions Inc. IL Buys 960 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

Strategic Investment Solutions Inc. IL grew its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 1,280.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,035 shares of the cryptocurrency exchange’s stock after acquiring an additional 960 shares during the period. Strategic Investment Solutions Inc. IL’s holdings in Coinbase Global were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of COIN. Wingate Wealth Advisors Inc. bought a new position in Coinbase Global in the 4th quarter valued at about $27,000. Atala Financial Inc acquired a new position in shares of Coinbase Global in the fourth quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB increased its stake 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 purchasing 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, Bogart Wealth LLC boosted its stake in Coinbase Global by 252.5% in the 4th quarter. Bogart Wealth LLC now owns 208 shares of the cryptocurrency exchange’s stock valued at $52,000 after purchasing an additional 149 shares during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global Stock Performance

Coinbase Global stock opened at $172.21 on Thursday. The stock has a market cap of $43.72 billion, a PE ratio of 18.13 and a beta of 3.65. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.41. Coinbase Global, Inc. has a 12-month low of $142.58 and a 12-month high of $349.75. The business’s 50-day moving average price is $204.11 and its two-hundred day moving average price is $241.35.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings data on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share (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%. As a group, analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Insider Transactions at Coinbase Global

In other Coinbase Global news, CFO Alesia J. Haas sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $300.00, for a total transaction of $6,000,000.00. Following the sale, the chief financial officer now directly owns 124,470 shares of the company’s stock, valued at $37,341,000. The trade was a 13.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frederick Ernest Ehrsam III sold 5,262 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $300.09, for a total transaction of $1,579,073.58. Following the completion of the transaction, the director now owns 10,417 shares of the company’s stock, valued at approximately $3,126,037.53. This trade represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 192,067 shares of company stock worth $49,486,825. Corporate insiders own 23.43% of the company’s stock.

Analysts Set New Price Targets

COIN has been the topic of several recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $330.00 price objective on shares of Coinbase Global in a research report on Thursday, February 13th. Piper Sandler raised their price target on shares of Coinbase Global from $285.00 to $310.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Keefe, Bruyette & Woods boosted their price objective on shares of Coinbase Global from $255.00 to $305.00 and gave the company a “market perform” rating in a report on Tuesday, February 18th. JMP Securities lowered their target price on shares of Coinbase Global from $475.00 to $400.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Finally, 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. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $298.74.

Coinbase Global 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.