Coinbase Global (NASDAQ:COIN) CFO Sells $8,010,517.20 in Stock

Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia Haas sold 39,030 shares of the firm’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $205.24, for a total transaction of $8,010,517.20. Following the transaction, the chief financial officer owned 345,376 shares of the company’s stock, valued at approximately $70,884,970.24. This trade represents a 10.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Coinbase Global Stock Performance

Shares of COIN opened at $195.11 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.42 and a quick ratio of 2.42. The firm’s 50 day moving average is $170.99 and its 200-day moving average is $176.25. Coinbase Global, Inc. has a 12-month low of $139.11 and a 12-month high of $402.16. The stock has a market capitalization of $51.48 billion, a P/E ratio of -50.81 and a beta of 3.39.

Coinbase Global (NASDAQ:COIN) last released its earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) EPS for the quarter, missing the consensus estimate of ($0.44) by ($0.92). The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.29 billion. Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. The firm’s revenue for the quarter was down 18.5% on a year-over-year basis. During the same period in the prior year, the company earned $5.14 earnings per share. Equities research analysts anticipate that Coinbase Global, Inc. will post -0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

COIN has been the subject of a number of analyst reports. BTIG Research reaffirmed a “buy” rating and set a $240.00 price objective on shares of Coinbase Global in a research note on Wednesday, September 16th. B. Riley Financial dropped their target price on shares of Coinbase Global from $243.00 to $203.00 and set a “neutral” rating on the stock in a research report on Monday, June 1st. Zacks Research upgraded shares of Coinbase Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 9th. Compass Point upgraded shares of Coinbase Global from a “sell” rating to a “neutral” rating and boosted their price target for the company from $130.00 to $177.00 in a report on Monday, September 14th. Finally, The Goldman Sachs Group upped their price target on shares of Coinbase Global from $196.00 to $219.00 and gave the company a “buy” rating in a research report on Wednesday, September 9th. Nineteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $219.97.

Hedge Funds Weigh In On Coinbase Global

A number of hedge funds have recently added to or reduced their stakes in the company. Readystate Asset Management LP bought a new stake in Coinbase Global in the second quarter valued at about $2,587,000. First Citizens Bank & Trust Co. lifted its stake in Coinbase Global by 37.4% in the first quarter. First Citizens Bank & Trust Co. now owns 40,467 shares of the cryptocurrency exchange’s stock valued at $7,066,000 after buying an additional 11,020 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Coinbase Global by 366.7% during the second quarter. Assenagon Asset Management S.A. now owns 154,702 shares of the cryptocurrency exchange’s stock worth $22,616,000 after buying an additional 121,552 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Coinbase Global by 185.5% during the second quarter. Sequoia Financial Advisors LLC now owns 25,507 shares of the cryptocurrency exchange’s stock worth $3,729,000 after buying an additional 16,572 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position in shares of Coinbase Global by 65.4% during the 1st quarter. QRG Capital Management Inc. now owns 24,102 shares of the cryptocurrency exchange’s stock worth $4,208,000 after buying an additional 9,532 shares during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: More than one-third of the world’s 20 largest banks reportedly use Coinbase infrastructure, strengthening the case for institutional demand for its custody, trading and digital-asset services. Global banks use Coinbase infrastructure
• Positive Sentiment: Coinbase’s tokenized-stock activity on Base has surpassed $1 billion in volume, while seven tokenized equities can now be used as collateral for USDC loans on Aave V4. These developments could increase transaction, lending and stablecoin activity across Coinbase’s ecosystem. Coinbase tokenized stocks exceed one billion dollars in volume
• Positive Sentiment: Coinbase customers can request shares in Oura’s IPO, expanding the company beyond crypto trading and potentially creating new customer-engagement and capital-markets revenue opportunities. Coinbase and Oura IPO access
• Positive Sentiment: Base processed roughly 7.5 million transactions in one day, supporting Coinbase’s “everything exchange” strategy, although the long-term value depends on sustained users and economic activity rather than transaction counts alone. Base transaction activity
• Neutral Sentiment: Compass Point upgraded Coinbase from “sell” to “neutral,” offering a modest improvement in analyst sentiment but not a bullish recommendation.
• Neutral Sentiment: Riot Platforms repaid its Coinbase credit facility in full. The repayment reduces Coinbase’s lending exposure, but may also limit interest income from that facility. Riot repays Coinbase credit facility
• Negative Sentiment: Directors Marc Andreessen and Alesia Haas disclosed stock sales, adding to near-term selling pressure, although at least one transaction was conducted under a pre-arranged Rule 10b5-1 plan.
• Negative Sentiment: Competition is increasing as OG.com, alongside Coinbase and other platforms, seeks approval to offer 24-hour perpetual futures on individual U.S. stocks. OG.com seeks approval for stock perpetual futures
• Negative Sentiment: Coinbase’s latest reported quarter showed a sizable EPS miss, lower-than-expected revenue and an 18.5% year-over-year revenue decline. The company also faces reputational concerns after a phishing scheme targeting approximately 100 users caused nearly $16 million in losses.

Coinbase Global Company Profile

Coinbase Global, Inc operates a digital asset and cryptocurrency platform serving retail users, institutions, developers and ecosystem partners. Through its exchange, customers can buy, sell, convert, store and transfer a range of cryptocurrencies and other digital assets. The company also provides an advanced trading platform for more experienced users and services designed for institutional trading and market access.

Its product offerings include custodial services, institutional prime brokerage and custody, staking services, a self-custody wallet, and tools that enable developers and businesses to build applications using blockchain networks.