Coinbase Global, Inc. $COIN Shares Newly Acquired by Balefire LLC

Balefire LLC bought a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,557 shares of the cryptocurrency exchange’s stock, valued at approximately $1,036,000.

Several other hedge funds have also made changes to their positions in COIN. Bank of New York Mellon Corp acquired a new position in Coinbase Global in the 2nd quarter valued at about $142,995,000. Southpoint Capital Advisors LP purchased a new position in shares of Coinbase Global in the 1st quarter valued at approximately $104,766,000. National Pension Service grew its stake in shares of Coinbase Global by 117.1% in the 2nd quarter. National Pension Service now owns 641,518 shares of the cryptocurrency exchange’s stock valued at $93,784,000 after purchasing an additional 346,045 shares during the last quarter. Paradigm Operations LP increased its holdings in shares of Coinbase Global by 3.3% in the fourth quarter. Paradigm Operations LP now owns 4,262,458 shares of the cryptocurrency exchange’s stock valued at $963,912,000 after purchasing an additional 134,425 shares during the period. Finally, NFJ Investment Group LLC acquired a new position in shares of Coinbase Global in the fourth quarter valued at approximately $29,222,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global Price Performance

COIN stock traded up $7.39 on Friday, reaching $179.39. 12,315,249 shares of the company’s stock were exchanged, compared to its average volume of 10,213,001. The stock has a fifty day moving average of $174.67 and a 200-day moving average of $175.13. The firm has a market cap of $47.33 billion, a PE ratio of -46.72 and a beta of 3.41. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.45. Coinbase Global, Inc. has a twelve month low of $139.11 and a twelve month high of $402.16.

Coinbase Global (NASDAQ:COIN) last released its earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the business posted $5.14 EPS. Coinbase Global’s revenue was down 18.5% compared to the same quarter last year. As a group, equities analysts predict that Coinbase Global, Inc. will post -0.48 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on COIN. Argus reaffirmed a “hold” rating on shares of Coinbase Global in a report on Wednesday, August 26th. BTIG Research restated a “buy” rating and set a $240.00 price objective on shares of Coinbase Global in a research report on Wednesday. Benchmark reduced their target price on shares of Coinbase Global from $270.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Needham & Company LLC lowered their target price on shares of Coinbase Global from $220.00 to $177.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Finally, HC Wainwright reiterated a “buy” rating and set a $265.00 price target on shares of Coinbase Global in a research note on Friday, July 31st. Twenty analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $224.60.

Insider Activity at Coinbase Global

In other Coinbase Global news, Director Marc L. Andreessen sold 6,838 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $198.00, for a total value of $1,353,924.00. Following the completion of the transaction, the director directly owned 1,108,972 shares of the company’s stock, valued at approximately $219,576,456. This trade represents a 0.61% decrease in their ownership of the stock. The sale 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. Also, CFO Alesia J. Haas sold 39,030 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $205.24, for a total value of $8,010,517.20. Following the sale, the chief financial officer directly owned 345,376 shares in the company, valued at $70,884,970.24. This trade represents a 10.15% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 127,188 shares of company stock worth $23,029,558 over the last three months. 16.66% of the stock is currently owned by company insiders.

Key Coinbase Global News

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

• Positive Sentiment: Bitcoin rebound supports COIN: Bitcoin traded higher over the past 24 hours, helping Coinbase as a leveraged play on cryptocurrency activity. Analysts also noted the company’s record trading-volume market share, growing USDC balances, and efforts to diversify into derivatives and other products. Coinbase Global stock rises as bitcoin rebounds and analysts refresh targets
• Positive Sentiment: Samsung partnership expands USDC distribution: Coinbase is helping bring USDC functionality to U.S. Samsung Wallet users later this month. Wider access could support stablecoin transfers, payments, custody, and international remittances, strengthening Coinbase’s strategic “Everything Exchange” narrative. Coinbase-Samsung Deal Expands USDC Access Through Samsung Wallet
• Positive Sentiment: Analyst targets remain well above the market price: Morgan Stanley raised its target to $258 while maintaining an Equal Weight rating. Citizens JMP lowered its target to $280 from $325 but retained a Market Outperform rating. BTIG also reiterated a Buy rating with a $240 target, indicating analysts still see substantial potential upside despite volatility. Coinbase Has Lost 56% in a Year: Citizens JMP Sees 63% Upside
• Positive Sentiment: Derivatives and product expansion add longer-term support: Coinbase plans to broaden access to crypto options, stock trading, and global derivatives liquidity. These initiatives could diversify revenue beyond spot cryptocurrency trading. Coinbase connects US traders to global derivatives liquidity
• Neutral Sentiment: Government Bitcoin transfers create mixed implications: The U.S. government moved seized Bitcoin to Coinbase Prime, but there was no confirmed sale. The transfers could increase institutional custody activity for Coinbase, while any eventual liquidation could pressure Bitcoin prices and crypto sentiment. US government moves $770M of seized Bitcoin to Coinbase Prime
• Negative Sentiment: Insider selling remains a cautionary signal: Quiver data shows 72 insider sales and no purchases over the past six months, including sales by executives and directors. This does not necessarily indicate deteriorating fundamentals, but it may weigh on investor confidence.
• Negative Sentiment: Regulatory limitations affect new products: Coinbase will discontinue sports prediction markets for Michigan customers amid state regulatory pressure, limiting the near-term opportunity in that business. Coinbase Users in Michigan Will Lose Sports Markets This Weekend

Coinbase Global Company Profile

Coinbase Global, Inc operates a digital-asset platform that enables individuals, businesses and institutions to buy, sell, store and use cryptocurrencies. Its services include a cryptocurrency exchange, digital-asset custody, staking and related trading products, as well as tools designed to support institutional participation in the crypto economy.

The company also offers Coinbase Wallet, a self-custody wallet that allows users to manage digital assets and interact with decentralized applications.