Sigma Planning Corp acquired a new stake in Coinbase Global, Inc. (NASDAQ:COIN) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,725 shares of the cryptocurrency exchange’s stock, valued at approximately $387,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ancora Advisors LLC boosted its stake in Coinbase Global by 144.0% in the fourth quarter. Ancora Advisors LLC now owns 737 shares of the cryptocurrency exchange’s stock valued at $26,000 after acquiring an additional 435 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its position in shares of Coinbase Global by 54.2% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 819 shares of the cryptocurrency exchange’s stock worth $29,000 after purchasing an additional 288 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Coinbase Global by 100.0% during the fourth quarter. Bessemer Group Inc. now owns 1,000 shares of the cryptocurrency exchange’s stock worth $36,000 after purchasing an additional 500 shares in the last quarter. ICA Group Wealth Management LLC bought a new position in shares of Coinbase Global during the fourth quarter worth $36,000. Finally, Hollencrest Capital Management bought a new position in shares of Coinbase Global during the fourth quarter worth $42,000. 45.21% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Coinbase Global news, CAO Jennifer N. Jones sold 1,704 shares of Coinbase Global stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $65.00, for a total value of $110,760.00. Following the completion of the transaction, the chief accounting officer now directly owns 34,752 shares of the company’s stock, valued at approximately $2,258,880. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Jennifer N. Jones sold 1,704 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $65.00, for a total transaction of $110,760.00. Following the transaction, the chief accounting officer now directly owns 34,752 shares in the company, valued at approximately $2,258,880. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Armstrong sold 59,460 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $105.69, for a total transaction of $6,284,327.40. The disclosure for this sale can be found here. Insiders sold 374,921 shares of company stock valued at $29,383,184 in the last three months. Corporate insiders own 33.16% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Stock Report on Coinbase Global
Coinbase Global Stock Down 2.9 %
COIN opened at $81.01 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.58. Coinbase Global, Inc. has a 1-year low of $31.55 and a 1-year high of $114.43. The company has a market capitalization of $19.21 billion, a PE ratio of -14.34 and a beta of 2.72. The firm’s 50 day simple moving average is $78.57 and its two-hundred day simple moving average is $68.00.
Coinbase Global (NASDAQ:COIN – Get Free Report) last announced its quarterly earnings data on Thursday, August 3rd. The cryptocurrency exchange reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.78) by $0.36. The firm had revenue of $707.91 million for the quarter, compared to the consensus estimate of $627.60 million. Coinbase Global had a negative net margin of 47.33% and a negative return on equity of 20.68%. The company’s revenue was down 12.4% on a year-over-year basis. During the same period last year, the firm earned ($4.95) EPS. As a group, equities analysts forecast that Coinbase Global, Inc. will post -1.45 EPS for the current year.
Coinbase Global Profile
Coinbase Global, Inc provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. It offers the primary financial account in the cryptoeconomy for consumers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable developers to build crypto-based applications and securely accept crypto assets as payment.
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