Newbridge Financial Services Group Inc. Takes $132,000 Position in Coinbase Global, Inc. (NASDAQ:COIN)

Newbridge Financial Services Group Inc. bought a new position in Coinbase Global, Inc. (NASDAQ:COIN) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 497 shares of the cryptocurrency exchange’s stock, valued at approximately $132,000.

A number of other institutional investors have also added to or reduced their stakes in COIN. Barrett & Company Inc. bought a new position in shares of Coinbase Global during the 4th quarter valued at $26,000. Creekmur Asset Management LLC bought a new position in shares of Coinbase Global during the fourth quarter valued at about $27,000. Mather Group LLC. purchased a new position in shares of Coinbase Global in the first quarter worth about $32,000. AlphaMark Advisors LLC bought a new stake in shares of Coinbase Global in the 4th quarter valued at about $33,000. Finally, Signature Resources Capital Management LLC purchased a new stake in Coinbase Global during the 4th quarter valued at about $39,000. Institutional investors own 68.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on COIN shares. JPMorgan Chase & Co. boosted their price objective on Coinbase Global from $95.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. Singular Research restated a “buy” rating on shares of Coinbase Global in a research report on Wednesday, May 8th. Barclays raised their target price on Coinbase Global from $179.00 to $204.00 and gave the stock an “underweight” rating in a research note on Monday, May 6th. TheStreet upgraded Coinbase Global from a “d” rating to a “c-” rating in a research report on Friday, February 16th. Finally, Needham & Company LLC cut their price target on shares of Coinbase Global from $275.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $214.67.

Get Our Latest Report on Coinbase Global

Coinbase Global Stock Up 0.3 %

COIN stock traded up $0.59 on Tuesday, reaching $225.78. 10,666,727 shares of the company traded hands, compared to its average volume of 12,716,505. The firm has a fifty day simple moving average of $233.30 and a 200-day simple moving average of $178.43. The company has a market cap of $55.44 billion, a P/E ratio of 45.07 and a beta of 3.46. Coinbase Global, Inc. has a one year low of $46.43 and a one year high of $283.48. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.02 and a quick ratio of 1.02.

Insider Transactions at Coinbase Global

In other news, Director Frederick Ernest Ehrsam III sold 114,216 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $202.30, for a total value of $23,105,896.80. Following the transaction, the director now owns 4,662 shares in the company, valued at $943,122.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Frederick Ernest Ehrsam III sold 114,216 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $202.30, for a total transaction of $23,105,896.80. Following the sale, the director now directly owns 4,662 shares of the company’s stock, valued at $943,122.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Emilie Choi sold 1,500 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $195.90, for a total value of $293,850.00. Following the completion of the transaction, the chief operating officer now directly owns 204,436 shares of the company’s stock, valued at approximately $40,049,012.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 470,563 shares of company stock valued at $104,873,137. Insiders own 33.16% of the company’s stock.

Coinbase Global Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Coinbase Global (NASDAQ:COIN)

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