Shares of NASDAQ COIN opened at $235.38 on Monday. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41.
Principal Securities, Inc. increased its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 35.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,032 shares of the cryptocurrency exchange's stock after buying an additional 269 shares during the quarter. Principal Securities, Inc.'s holdings in Coinbase Global were valued at $256,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Clear Street Derivatives LLC began a new position in Coinbase Global during the third quarter, valued at about $409,919,000. Geode Capital Management LLC increased its stake in Coinbase Global by 10.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,425,619 shares of the cryptocurrency exchange’s stock valued at $609,789,000 after purchasing an additional 314,388 shares during the period. Azora Capital LP grew its holdings in Coinbase Global by 214.1% in the 3rd quarter. Azora Capital LP now owns 322,868 shares of the cryptocurrency exchange’s stock valued at $57,525,000 after buying an additional 220,078 shares during the last quarter. Holocene Advisors LP began a new position in Coinbase Global in the 3rd quarter, valued at approximately $38,535,000. Finally, CloudAlpha Capital Management Limited Hong Kong began a new position in Coinbase Global in the 3rd quarter, valued at approximately $29,756,000.
Insiders Sold $64.6M Worth of Coinbase Stock in Last 3 Months
Among the institutional investors, insiders sold 227,591 shares of the company stock, valued at $64,609,581, over the last three months, while institutional investors, in total, bought 1,610,062 shares, valued at $446,060,281, over the same period. Insiders own 23.43% of the company’s stock, while institutional investors own 68.84% of the company’s stock.
Coinbase Global, Inc. (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that Coinbase Global, Inc. will post 7.22 EPS for the current year.
Coinbase stock opened at $235.38 on Monday. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $59.76 billion, a PE ratio of 24.78 and a beta of 3.61. The firm’s 50-day moving average is $275.76 and its 200-day moving average is $240.54. Coinbase Global, Inc. has a 1 year low of $146.12 and a 1 year high of $349.75.
Get Our Latest Stock Analysis on COIN
Coinbase stock had a rough year in 2023, despiteласти year’s strong performance. The cryptocurrency exchange is now planning to lay off 20% of its workforce and close several offices in an effort to reduce costs. However, the company's stock price has risen sharply since the beginning of the year, outperforming the broader market and indicating strong interest from institutional investors.
Coinbase is a leading cryptocurrency exchange that provides a platform for users to buy, sell, and trade digital assets. The company also offers a range of other services, including custody, brokerage, and market data. Coinbase was founded in 2012 and is headquartered in San Francisco, California.
