Ghisallo Capital Management LLC Sells 320,000 Shares of Coincheck Group N.V. $CNCK

Ghisallo Capital Management LLC lowered its holdings in shares of Coincheck Group N.V. (NASDAQ:CNCK) by 27.3% during the third quarter, Holdings Channel reports. The institutional investor owned 854,242 shares of the company’s stock after selling 320,000 shares during the quarter. Ghisallo Capital Management LLC’s holdings in Coincheck Group were worth $3,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of CNCK. Goldman Sachs Group Inc. acquired a new position in shares of Coincheck Group in the 1st quarter valued at $94,000. JPMorgan Chase & Co. boosted its position in shares of Coincheck Group by 22.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,788 shares of the company’s stock valued at $133,000 after acquiring an additional 5,257 shares in the last quarter. Voya Investment Management LLC acquired a new stake in shares of Coincheck Group during the 3rd quarter valued at about $164,000. Marshall Wace LLP bought a new stake in Coincheck Group in the second quarter valued at about $192,000. Finally, Geode Capital Management LLC increased its stake in Coincheck Group by 76.1% in the second quarter. Geode Capital Management LLC now owns 36,986 shares of the company’s stock valued at $202,000 after acquiring an additional 15,983 shares during the period. Institutional investors own 33.22% of the company’s stock.

Coincheck Group Stock Performance

Shares of NASDAQ:CNCK opened at $2.35 on Friday. The company’s fifty day moving average is $2.56 and its 200-day moving average is $3.59. Coincheck Group N.V. has a 52 week low of $2.00 and a 52 week high of $9.49. The company has a market capitalization of $319.44 million, a PE ratio of 117.56 and a beta of 0.12.

Coincheck Group (NASDAQ:CNCK) last announced its earnings results on Wednesday, February 18th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. Coincheck Group had a negative net margin of 0.01% and a negative return on equity of 0.26%. The business had revenue of $914.90 million during the quarter, compared to analysts’ expectations of $691.73 million.

Analyst Ratings Changes

A number of brokerages have commented on CNCK. Weiss Ratings restated a “sell (e+)” rating on shares of Coincheck Group in a research note on Monday, December 29th. Compass Point assumed coverage on Coincheck Group in a research note on Tuesday, January 6th. They issued a “buy” rating and a $5.00 price objective on the stock. Finally, Wall Street Zen raised Coincheck Group from a “sell” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Coincheck Group currently has an average rating of “Hold” and an average target price of $5.50.

About Coincheck Group

Coincheck Group (NASDAQ:CNCK) is a digital asset platform specializing in cryptocurrency trading and blockchain-based financial services. Headquartered in Tokyo, Japan, Coincheck operates one of the country’s largest cryptocurrency exchanges, offering a suite of services for both retail and institutional clients. Its platform supports spot trading of major digital assets such as Bitcoin, Ethereum and a variety of altcoins, complemented by secure wallet solutions and a range of order types designed to meet diverse trading needs.

Originally established in 2012, Coincheck gained early prominence in Japan’s evolving digital currency market.