KMG Fiduciary Partners LLC Sells 5,405 Shares of Coinbase Global, Inc. $COIN

Posted by Francis Steltz on Aug 12th, 2026

KMG Fiduciary Partners LLC reduced its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 77.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,615 shares of the cryptocurrency exchange’s stock after selling 5,405 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Coinbase Global were worth $236,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Palisade Asset Management LLC acquired a new position in shares of Coinbase Global during the 3rd quarter worth about $29,000. MV Capital Management Inc. acquired a new stake in Coinbase Global in the 4th quarter valued at approximately $27,000. Osbon Capital Management LLC acquired a new stake in Coinbase Global in the 4th quarter valued at approximately $30,000. JPL Wealth Management LLC bought a new position in Coinbase Global in the 3rd quarter worth approximately $49,000. Finally, Brooklands Fund Management Ltd bought a new position in Coinbase Global in the 4th quarter worth approximately $34,000. 68.84% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Coinbase Global

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

Positive Sentiment: Abu Dhabi approval expands Coinbase’s international ambitions. Coinbase received permission from Abu Dhabi’s financial regulator to establish a hub for tokenized securities, including blockchain-based custody and trading of global stocks. The approval could help Coinbase diversify beyond U.S. crypto trading and build institutional revenue internationally. Coinbase Builds Abu Dhabi Hub to Put Global Stocks Onchain
Positive Sentiment: Coinbase is adding payments for artificial-intelligence agents. Its Coinbase Business suite now supports machine-to-machine payments through the x402 standard, with transactions settling in USDC. The initiative could create new stablecoin payment volume and strengthen Coinbase’s role in emerging AI commerce. Coinbase Enables Businesses to Get Paid by AI Agents
Positive Sentiment: Broader crypto adoption remains a supportive theme. CEO Brian Armstrong highlighted stablecoins, decentralized finance, Bitcoin and tokenized assets as expanding global financial access. A cooling labor market also supported a broader risk-asset rally in the prior session, potentially benefiting crypto-linked stocks. Brian Armstrong on Crypto Financial Access
Neutral Sentiment: U.S. regulatory developments remain uncertain. The SEC may pursue new crypto rules without waiting for Congress to pass the CLARITY Act. Clearer rules could benefit Coinbase, but new requirements or an unfavorable framework could increase compliance costs and limit certain activities. The SEC and New Crypto Rules
Negative Sentiment: Bitcoin’s downturn remains a key risk for COIN. Analysts warned that technical support levels could fail, potentially triggering further selling. Because Coinbase’s trading activity and revenue are highly sensitive to crypto prices and market volumes, weakness in Bitcoin can pressure the stock.
Negative Sentiment: Recent operating results were weaker than expected. Coinbase’s latest quarterly report missed consensus earnings and revenue estimates, while revenue declined year over year. The stock also remains below its 50-day and 200-day moving averages, reflecting continued investor caution.

Coinbase Global Price Performance

Shares of COIN stock opened at $148.58 on Wednesday. Coinbase Global, Inc. has a 12 month low of $139.11 and a 12 month high of $402.16. The company has a market capitalization of $39.20 billion, a P/E ratio of -38.69 and a beta of 3.36. The stock has a 50 day moving average of $158.76 and a two-hundred day moving average of $176.77. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.45.

Coinbase Global (NASDAQ:COIN – Get Free Report) last issued 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). The firm had revenue of $1.22 billion during 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 business’s revenue for the quarter was down 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.14 earnings per share. As a group, equities analysts expect that Coinbase Global, Inc. will post -0.05 EPS for the current year.

Wall Street Analysts Forecast Growth

COIN has been the subject of several research reports. HC Wainwright reissued a “buy” rating and issued a $265.00 price objective on shares of Coinbase Global in a research report on Friday, July 31st. Barclays lowered their price objective on shares of Coinbase Global from $99.00 to $95.00 and set an “underweight” rating on the stock in a research note on Friday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of Coinbase Global from $252.00 to $290.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Zacks Research cut shares of Coinbase Global from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 5th. Finally, Benchmark reduced their price target on shares of Coinbase Global from $270.00 to $230.00 and set a “buy” rating for the company in a report on Friday, July 31st. Eighteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $215.11.

Read Our Latest Stock Analysis on COIN

Insider Buying and Selling at Coinbase Global

In other news, insider Paul Grewal sold 1,960 shares of Coinbase Global stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $176.88, for a total transaction of $346,684.80. Following the sale, the insider directly owned 84,753 shares in the company, valued at approximately $14,991,110.64. The trade was a 2.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 35,068 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $144.32, for a total transaction 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. In the last 90 days, insiders have sold 65,695 shares of company stock worth $10,388,854. Corporate insiders own 16.66% of the company’s stock.

About Coinbase Global

(Free Report)

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.