Coinbase Global, Inc. $COIN Shares Sold by SVB Wealth LLC

SVB Wealth LLC lowered its position in Coinbase Global, Inc. (NASDAQ:COIN) by 25.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,103 shares of the cryptocurrency exchange’s stock after selling 4,426 shares during the quarter. SVB Wealth LLC’s holdings in Coinbase Global were worth $1,916,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. L2 Asset Management LLC boosted its position in shares of Coinbase Global by 5.0% in the 3rd quarter. L2 Asset Management LLC now owns 965 shares of the cryptocurrency exchange’s stock worth $326,000 after buying an additional 46 shares in the last quarter. Ancora Advisors LLC grew its stake in Coinbase Global by 4.5% in the 3rd quarter. Ancora Advisors LLC now owns 1,174 shares of the cryptocurrency exchange’s stock valued at $396,000 after acquiring an additional 51 shares during the last quarter. Fulton Bank N.A. increased its holdings in Coinbase Global by 1.1% during the 1st quarter. Fulton Bank N.A. now owns 4,942 shares of the cryptocurrency exchange’s stock valued at $863,000 after acquiring an additional 53 shares in the last quarter. MGO One Seven LLC increased its holdings in Coinbase Global by 1.5% during the 4th quarter. MGO One Seven LLC now owns 4,321 shares of the cryptocurrency exchange’s stock valued at $977,000 after acquiring an additional 63 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC raised its position in Coinbase Global by 2.1% during the third quarter. Moneta Group Investment Advisors LLC now owns 3,174 shares of the cryptocurrency exchange’s stock worth $1,071,000 after acquiring an additional 65 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global Stock Performance

NASDAQ:COIN opened at $174.72 on Thursday. The firm has a 50 day simple moving average of $165.10 and a 200-day simple moving average of $175.91. 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 has a market cap of $46.10 billion, a PE ratio of -45.50 and a beta of 3.39. Coinbase Global, Inc. has a 1-year low of $139.11 and a 1-year high of $402.16.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($0.92). Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the company posted $5.14 EPS. The business’s quarterly revenue was down 18.5% on a year-over-year basis. On average, equities analysts expect that Coinbase Global, Inc. will post -0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on COIN. UBS Group set a $155.00 price target on shares of Coinbase Global in a report on Friday, July 31st. Weiss Ratings lowered Coinbase Global from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, July 31st. Barclays lowered their target price on Coinbase Global from $99.00 to $95.00 and set an “underweight” rating on the stock in a report on Friday, July 31st. Sanford C. Bernstein reissued an “outperform” rating and set a $330.00 price target on shares of Coinbase Global in a research report on Friday, July 31st. Finally, B. Riley Financial dropped their price target on Coinbase Global from $243.00 to $203.00 and set a “neutral” rating for the company in a research report on Monday, June 1st. Eighteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Coinbase Global has an average rating of “Hold” and a consensus price target of $217.66.

Coinbase Global News Roundup

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

• Positive Sentiment: Coinbase selected ION’s XTP for Event Contracts to support clearing for Kalshi, strengthening the company’s infrastructure as it expands into prediction markets. The partnership could create additional transaction and technology revenue opportunities. ION partners with Coinbase to support Kalshi’s event contracts
• Positive Sentiment: Coinbase is expanding its Morpho-powered DeFi Earn product to Brazil, allowing eligible customers to earn additional rewards on USDC without a lock-up period. The move supports international growth and could increase stablecoin balances and on-chain activity. Coinbase Expands USDC Stablecoin Rewards via Morpho Onchain Lending to Brazil
• Positive Sentiment: Coinbase continues to promote tokenized stocks and on-chain finance, positioning itself for potential growth if digital-asset regulation becomes clearer and traditional financial products move onto blockchain networks. CLARITY Act Senate Vote Set for September 15 as Coinbase Pushes Tokenized Stocks
• Neutral Sentiment: The Senate’s planned September 15 procedural vote on the CLARITY Act is a major near-term catalyst. Passage could provide regulatory clarity, but the bill may lack the 60 votes needed to advance, leaving the timing and impact uncertain. CLARITY Act Vote Hinges on Critical Ethics Talks For Democrat Support
• Neutral Sentiment: Coinbase’s investor presentation at the Goldman Sachs Communacopia and Technology Conference kept management’s strategy in focus, but the transcript headline provides no specific new earnings guidance or material forecast revision. Coinbase Global Presents at Goldman Sachs Conference
• Negative Sentiment: Congressional scheduling changes and an early recess could delay consideration of crypto-market legislation, extending regulatory uncertainty for Coinbase and other digital-asset businesses. Congress Recess Plans Throws Another Roadblock Up for Crypto Bill
• Negative Sentiment: Zcash’s sharp rally highlights investor interest in privacy-focused cryptocurrencies, potentially diverting speculative capital from Coinbase’s broader trading ecosystem and emphasizing the volatility of crypto-asset demand. Zcash Is Up More Than 2,000% in a Year

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, CAO Jennifer Jones sold 2,062 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $188.75, for a total transaction of $389,202.50. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick Wilson sold 35,068 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $144.32, for a total value of $5,061,013.76. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 57,130 shares of company stock valued at $8,830,416 over the last quarter. 16.66% of the stock is currently owned by insiders.

Coinbase Global 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.