Coinbase Global, Inc. (NASDAQ:COIN) CAO Jennifer Jones sold 2,062 shares of the firm’s stock in a transaction dated 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 Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Coinbase Global Stock Down 2.9%
Shares of NASDAQ:COIN opened at $181.78 on Thursday. The firm has a 50 day simple moving average of $159.57 and a 200 day simple moving average of $174.42. Coinbase Global, Inc. has a 52 week low of $139.11 and a 52 week high of $402.16. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.42 and a current ratio of 2.42. The company has a market cap of $47.96 billion, a PE ratio of -47.34 and a beta of 3.36.
Coinbase Global (NASDAQ:COIN – Get Free Report) last announced its earnings results 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). The firm 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%. Coinbase Global’s revenue for the quarter was down 18.5% compared to the same quarter last year. During the same period last year, the firm earned $5.14 earnings per share. As a group, research analysts expect that Coinbase Global, Inc. will post -0.06 earnings per share for the current year.
Wall Street Analyst Weigh In
View Our Latest Analysis on COIN
Key Headlines Impacting Coinbase Global
Here are the key news stories impacting Coinbase Global this week:
- Positive Sentiment: Goldman Sachs maintained its Buy rating and reiterated a constructive outlook. The bank’s favorable view reinforces expectations that Coinbase can benefit from stronger crypto activity and expanding financial-services revenue. Goldman Sachs Reiterates Buy Ratings On Coinbase And Robinhood
- Positive Sentiment: Wall Street support for the CLARITY Act is improving the regulatory-growth narrative. Clearer rules for digital assets could support Coinbase’s exchange, custody, stablecoin and institutional businesses, although the timing and final terms remain uncertain. Wall Street Is Now Backing the Clarity Act
- Positive Sentiment: Coinbase continues expanding beyond trading. Its Bitcoin-backed mortgage partnership with Better is now generally available, allowing qualified U.S. buyers to borrow against Bitcoin rather than sell it. The company also launched tokenized U.S. stocks on Base and is supplying the infrastructure for related lending and portfolio products, potentially creating new transaction, custody and blockchain revenue streams. Better launches Bitcoin-backed mortgages powered by Coinbase
- Neutral Sentiment: Analyst sentiment is mixed. Goldman raised its price target to $196 and kept a Buy rating, while Argus reaffirmed Hold, highlighting continued uncertainty around valuation and earnings recovery.
- Negative Sentiment: A pullback in Bitcoin and broader crypto assets remains a near-term headwind. Coinbase’s revenue and trading activity are highly sensitive to crypto prices and investor risk appetite, while U.S. banks’ push into stablecoins could intensify competition ahead of the CLARITY Act. Coinbase Slips as Crypto Pullback Pressures Exchange Stocks
- Negative Sentiment: Insider selling and California tax uncertainty add pressure. Coinbase’s chief accounting officer sold shares under a pre-arranged Rule 10b5-1 plan, while CEO Brian Armstrong is considering relocating the company because of a proposed wealth tax. These developments may raise concerns about sentiment and operating costs, though neither necessarily changes Coinbase’s fundamentals immediately. Coinbase CEO weighs leaving California over wealth tax
Hedge Funds Weigh In On Coinbase Global
A number of hedge funds have recently added to or reduced their stakes in COIN. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Coinbase Global during the second quarter valued at approximately $2,566,000. California State Teachers Retirement System grew its position in Coinbase Global by 14,352.9% in the second quarter. California State Teachers Retirement System now owns 46,883,279 shares of the cryptocurrency exchange’s stock worth $6,853,867,000 after acquiring an additional 46,558,893 shares in the last quarter. Readystate Asset Management LP bought a new stake in Coinbase Global in the second quarter worth approximately $2,587,000. Ameritas Advisory Services LLC increased its stake in shares of Coinbase Global by 92.1% during the 2nd quarter. Ameritas Advisory Services LLC now owns 3,326 shares of the cryptocurrency exchange’s stock worth $486,000 after purchasing an additional 1,595 shares during the last quarter. Finally, NBH Bank acquired a new position in shares of Coinbase Global during the 2nd quarter worth $197,000. Institutional investors and hedge funds own 68.84% of the company’s stock.
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.
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