Callan Family Office LLC Purchases Shares of 1,754 Coinbase Global, Inc. (NASDAQ:COIN)

Callan Family Office LLC acquired a new stake in Coinbase Global, Inc. (NASDAQ:COIN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,754 shares of the cryptocurrency exchange’s stock, valued at approximately $436,000.

A number of other institutional investors and hedge funds have also made changes to their positions in COIN. EagleClaw Capital Managment LLC acquired a new position in Coinbase Global during the 4th quarter worth approximately $221,000. Candriam S.C.A. lifted its position in shares of Coinbase Global by 20.0% during the 4th quarter. Candriam S.C.A. now owns 12,603 shares of the cryptocurrency exchange’s stock worth $3,129,000 after purchasing an additional 2,102 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its stake in shares of Coinbase Global by 47.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 64,811 shares of the cryptocurrency exchange’s stock worth $16,376,000 after purchasing an additional 20,805 shares in the last quarter. SP Asset Management LLC purchased a new position in Coinbase Global in the fourth quarter valued at $255,000. Finally, Cullen Frost Bankers Inc. purchased a new position in Coinbase Global in the fourth quarter valued at $50,000. 68.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 10,216 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $310.14, for a total transaction of $3,168,390.24. Following the sale, the director now directly owns 10,417 shares in the company, valued at approximately $3,230,728.38. The trade was a 49.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Grewal sold 10,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $256.69, for a total transaction of $2,566,900.00. Following the completion of the transaction, the insider now owns 69,407 shares of the company’s stock, valued at $17,816,082.83. This represents a 12.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 219,455 shares of company stock worth $60,955,968. Company insiders own 23.43% of the company’s stock.

Coinbase Global Price Performance

Shares of NASDAQ COIN opened at $217.45 on Monday. The stock has a fifty day moving average price of $262.21 and a 200 day moving average price of $241.70. Coinbase Global, Inc. has a 1-year low of $146.12 and a 1-year high of $349.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28. The company has a market cap of $55.21 billion, a PE ratio of 22.89 and a beta of 3.66.

Coinbase Global (NASDAQ:COIN) last released its earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 EPS for the quarter, topping the consensus estimate of $0.46 by $2.93. Coinbase Global had a net margin of 39.34% and a return on equity of 20.64%. Sell-side analysts forecast that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. The Goldman Sachs Group decreased their price target on Coinbase Global from $397.00 to $340.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Rosenblatt Securities began coverage on Coinbase Global in a report on Friday. They issued a “buy” rating and a $305.00 price target for the company. Piper Sandler raised their price objective on shares of Coinbase Global from $285.00 to $310.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Keefe, Bruyette & Woods upped their target price 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. Finally, Mizuho dropped their target price on shares of Coinbase Global from $290.00 to $280.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $311.21.

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.