Coinbase Director Sells Shares, Analysts Weigh In on Stock
Director Kathryn Haun of Coinbase Global, Inc. (NASDAQ:COIN) sold 1,758 shares, totaling $368,142.78. The company’s stock opened at $205.77 on Friday, with a market cap of $49.85 billion. In its quarterly earnings, Coinbase Global reported $1.04 EPS, surpassing estimates. Analysts have adjusted their price targets and ratings for COIN, with various brokerages offering different perspectives on the stock.
Late Surge for Dell Stock and Mixed Results for Zscaler
Zscaler reported earnings that surpassed Wall Street expectations but fell on guidance licensing, causing a 6% drop in stock value. Despite the positive earnings, ZS stock plummeted over 6% to 225.30 in extended trading. Zscaler, based in San Jose, California, offers cloud-based cybersecurity services through 150 data centers globally.
Coinbase Shares Surge as Bitcoin Rally Continues
Coinbase Global, Inc. (COIN) shares are trading higher on Monday as several crypto-related stocks move up, propelled by the rise in the price of Bitcoin. In the past month, Coinbase shares have surged by 48% as Bitcoin’s recent rally continues. This surge comes in the wake of the approval of several spot Bitcoin ETFs in January, as institutions make substantial purchases and the acceptance of the cryptocurrency grows.
Cryptocurrency Miner Marathon Digital (MARA) Gains Momentum Ahead of Q4 Earnings Disclosure
The cryptocurrency market is invigorating blockchain miner Marathon Digital as it heads toward its fourth-quarter earnings disclosure. With the total market capitalization of the global crypto ecosystem standing at $2.06 trillion, MARA stock is gaining about 20% this afternoon. Marathon’s Q4 earnings report is due to be disclosed on Feb. 28 after the closing bell, with a history of negative earnings surprises.
Summit X LLC Reduces Holdings in Apple Inc. by 11.3% in Q3
Summit X LLC reduces its holdings in Apple Inc. by 11.3% during the third quarter, while several other institutional investors make significant adjustments to their holdings in the tech giant. Insider trading activities and market dynamics provide valuable insights for investors and market analysts.
First Solar shares rise more than 5% after hours as company cheers guidance for the year
First Solar Inc. shares rose more than 5% in the extended session Tuesday after investors looked past a mixed quarter for the solar-power company to cheer guidance for the year. Despite setbacks and headwinds for most solar-power companies, First Solar’s strong earnings and guidance indicate a positive outlook for the industry, which has been struggling amid lower demand and regulatory changes.
Fluctuations in Stock Market as Viking Therapeutics Experiences Gap Down
Viking Therapeutics, Inc. (NASDAQ:VKTX) experienced a gap down in the stock market, with analysts closely monitoring the company and upgrading it to a ‘sell’ rating. Amidst this, the market continues to observe promising weight-loss drugs from biotechs, contributing to the dynamic landscape of the stock market.
iRobot narrows loss, shares rise
iRobot reported a narrower loss, with shares rising as a result. Workday Inc. saw a 5% drop in after-hours trading after meeting revenue expectations for the latest quarter and announcing an AI deal. The company reported a net income of $1.2 billion for the fiscal fourth quarter, reflecting a significant improvement from the year-earlier period. Workday also announced plans to acquire HiredScore, a leading provider of AI-powered talent orchestration solutions.
Stocks Flat as Key Benchmarks Reach Record Highs and Investors Await Inflation Data
Stocks were flat Monday after reaching record highs, with investors awaiting inflation data. Amazon joined the Dow, Treasury yields climbed, and new home sales were below estimates. Investors are watching for economic and inflation risks as they look ahead to the monthly personal consumption expenditures price index.
Palo Alto Networks Ownership Structure Analysis
Palo Alto Networks (NASDAQ:PANW) saw a 23% decline after a disappointing sales outlook. Institutional investors own 39.39% of PANW, with Vanguard holding a 7.60% stake. Hedge funds decreased their holdings, while individual investors have a very positive view. Despite the pullback, PANW stock is still up 49.6% in one year. Wall Street remains cautiously optimistic, with a Moderate Buy consensus rating and an average price target of $338.77.