Gilder Gagnon Howe & Co. LLC Purchases 134 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

Gilder Gagnon Howe & Co. LLC increased its position in Coinbase Global, Inc. (NASDAQ:COIN) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,346 shares of the cryptocurrency exchange’s stock after purchasing an additional 134 shares during the quarter. Gilder Gagnon Howe & Co. LLC’s holdings in Coinbase Global were worth $4,555,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Wingate Wealth Advisors Inc. bought a new stake in Coinbase Global in the fourth quarter valued at approximately $27,000. Atala Financial Inc acquired a new stake in Coinbase Global during the 4th quarter valued at $27,000. MassMutual Private Wealth & Trust FSB boosted its position in 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 position in shares of Coinbase Global in the fourth quarter valued at $50,000. Finally, Bogart Wealth LLC increased its holdings in shares of Coinbase Global by 252.5% in the fourth 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 last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Mizuho decreased their price target on shares of Coinbase Global from $280.00 to $217.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Cantor Fitzgerald assumed coverage on Coinbase Global in a report on Tuesday, April 8th. They set an “overweight” rating and a $245.00 price target for the company. The Goldman Sachs Group started coverage on Coinbase Global in a research report on Thursday, March 20th. They set a “neutral” rating and a $195.00 price objective on the stock. Sanford C. Bernstein raised shares of Coinbase Global to a “strong-buy” rating in a research report on Tuesday, March 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $330.00 price objective on shares of Coinbase Global in a report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $295.65.

Insider Transactions at Coinbase Global

In other Coinbase Global news, CEO Brian Armstrong sold 25,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $270.99, for a total value of $6,774,750.00. Following the completion of the transaction, the chief executive officer now directly owns 526 shares in the company, valued at approximately $142,540.74. This trade represents a 97.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Alesia J. Haas sold 7,575 shares of Coinbase Global stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $200.00, for a total value of $1,515,000.00. Following the sale, the chief financial officer now directly owns 114,866 shares in the company, valued at $22,973,200. The trade was a 6.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 168,970 shares of company stock worth $38,672,615. Corporate insiders own 23.43% of the company’s stock.

Coinbase Global Stock Up 2.8 %

Shares of NASDAQ COIN opened at $209.64 on Friday. The company has a market cap of $53.22 billion, a price-to-earnings ratio of 22.07 and a beta of 3.65. The company has a current ratio of 2.28, a quick 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 stock has a 50-day moving average price of $191.91 and a two-hundred day moving average price of $242.87.

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 forecast that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

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.