Linden Advisors LP Invests $1.40 Million in Coincheck Group NV. (NASDAQ:CNCK)

Linden Advisors LP acquired a new stake in shares of Coincheck Group NV. (NASDAQ:CNCK) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 157,170 shares of the company’s stock, valued at approximately $1,397,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jane Street Group LLC purchased a new position in shares of Coincheck Group during the 4th quarter valued at $134,000. Geode Capital Management LLC purchased a new position in Coincheck Group during the fourth quarter worth about $137,000. Balyasny Asset Management L.P. bought a new position in Coincheck Group in the 4th quarter worth about $362,000. JPMorgan Chase & Co. purchased a new stake in shares of Coincheck Group in the 4th quarter valued at about $533,000. Finally, Wellington Management Group LLP bought a new stake in shares of Coincheck Group during the 4th quarter valued at about $911,000. Institutional investors own 33.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald assumed coverage on shares of Coincheck Group in a research note on Wednesday, February 19th. They issued an “overweight” rating and a $10.00 target price on the stock.

Coincheck Group Trading Up 13.8%

CNCK stock opened at $8.88 on Monday. Coincheck Group NV. has a one year low of $4.22 and a one year high of $14.42. The business’s 50 day simple moving average is $6.19.

About Coincheck Group

Coincheck Group NV. is a Dutch public limited liability company and a holding company of Coincheck, Inc which operates one of the largest multi-cryptocurrency marketplaces and crypto asset exchanges in Japan and is regulated by the Financial Services Agency of Japan. The company was founded on February 18, 2022 and is headquartered in Amsterdam, Netherland.