Coinbase Global Sees Unusually Large Options Volume (NASDAQ:COIN)

Coinbase Global, Inc. (NASDAQ:COIN) was the recipient of unusually large options trading on Thursday. Stock investors bought 523,995 put options on the stock. This is an increase of 113% compared to the typical volume of 246,272 put options.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, CEO Brian Armstrong sold 40,000 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $271.87, for a total value of $10,874,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederick Ernest Ehrsam III sold 55,688 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $321.81, for a total transaction of $17,920,955.28. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 508,513 shares of company stock worth $143,394,956. Corporate insiders own 16.56% of the company’s stock.

Institutional Trading of Coinbase Global

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Coinbase Global by 25.5% in the 2nd quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange’s stock worth $8,484,964,000 after purchasing an additional 4,914,407 shares in the last quarter. Norges Bank bought a new stake in shares of Coinbase Global during the second quarter valued at approximately $1,044,354,000. Geode Capital Management LLC lifted its position in Coinbase Global by 46.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock valued at $1,940,805,000 after acquiring an additional 1,755,146 shares in the last quarter. Ruffer LLP purchased a new stake in Coinbase Global during the 4th quarter valued at $166,515,000. Finally, Artisan Partners Limited Partnership bought a new stake in shares of Coinbase Global in the 3rd quarter worth $224,663,000. 68.84% of the stock is owned by institutional investors.

Coinbase Global Trading Down 13.3%

COIN traded down $22.50 during midday trading on Thursday, reaching $146.12. 28,974,086 shares of the company’s stock traded hands, compared to its average volume of 10,649,968. Coinbase Global has a 52 week low of $142.58 and a 52 week high of $444.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40. The firm has a fifty day moving average of $240.17 and a two-hundred day moving average of $295.78. The stock has a market capitalization of $39.40 billion, a price-to-earnings ratio of 12.64 and a beta of 3.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Piper Sandler lowered their price objective on Coinbase Global from $350.00 to $270.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Robert W. Baird set a $240.00 price target on Coinbase Global and gave the company a “neutral” rating in a research report on Tuesday, January 27th. Wall Street Zen lowered Coinbase Global from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. The Goldman Sachs Group boosted their price target on shares of Coinbase Global from $303.00 to $310.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, Oppenheimer cut their price target on shares of Coinbase Global from $381.00 to $370.00 and set an “outperform” rating for the company in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $353.69.

More Coinbase Global News

Here are the key news stories impacting Coinbase Global this week:

• Positive Sentiment: Coinbase launched its Coinbase Predict event‑contract platform across all 50 U.S. states, expanding non‑trading revenue opportunities and positioning the firm as a broader “everything exchange.” Coinbase Launches Prediction Market Platform Across All 50 U.S. States
• Positive Sentiment: A Nevada judge declined to grant regulators an immediate temporary restraining order to halt Coinbase’s new prediction markets, giving Coinbase time to defend the product at a hearing next week — a short‑term legal win. Coinbase fends off Nevada’s emergency bid to halt prediction markets
• Positive Sentiment: Ark Invest (Cathie Wood) reportedly added to positions in crypto‑linked names including Coinbase recently — a potential long‑term vote of confidence from an active ETF manager. Cathie Wood Loads Up On Coinbase, Circle, Robinhood
• Neutral Sentiment: Analysts expect Coinbase’s Q4 revenue to be roughly flat year‑over‑year (~$1.86B), and previews warn EPS could decline — the Feb. 12 print is a catalyst that could swing sentiment both ways. COIN Stock Falls 8% with Investors Eyeing Flat Revenue for Q4
• Negative Sentiment: Broad crypto weakness led by Bitcoin plunging below $70k hit crypto equities; Coinbase moves with the market as trading volumes and fee revenue expectations fall when BTC sells off. Crypto market in free fall as Bitcoin plunges below $70,000 while shares of Coinbase and Circle tumble
• Negative Sentiment: On‑chain indicators show the “Coinbase Premium” at yearly lows, a sign that institutional demand is weakening — this institutional selling pressure amplifies downside risk for Coinbase revenue tied to BTC flows. Coinbase premium hits yearly low, hinting at institutional selling
• Negative Sentiment: Nevada regulators filed a civil enforcement action alleging Coinbase offered unlicensed wagering via its prediction markets — an active legal/regulatory front that increases uncertainty and could affect rollout or require product changes. Nevada authorities file lawsuit against Coinbase over unlicensed wagering

About Coinbase Global

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.