Coinbase Global (NASDAQ:COIN) CFO Alesia Haas Sells 39,030 Shares of Stock

Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia Haas sold 39,030 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer directly 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 document filed 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.

Coinbase Global Trading Down 1.5%

Shares of COIN stock traded down $2.94 during trading on Wednesday, hitting $198.13. 7,137,768 shares of the stock traded hands, compared to its average volume of 10,351,209. Coinbase Global, Inc. has a 52-week low of $139.11 and a 52-week high of $402.16. The firm has a market capitalization of $52.27 billion, a P/E ratio of -51.60 and a beta of 3.39. The firm’s fifty day moving average price is $168.84 and its 200-day moving average price is $176.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.42 and a quick ratio of 2.42.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.92). Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%.The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the company posted $5.14 earnings per share. The company’s revenue was down 18.5% on a year-over-year basis. As a group, research analysts forecast that Coinbase Global, Inc. will post -0.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on COIN. Zacks Research raised shares of Coinbase Global from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 9th. Piper Sandler reduced their price target on shares of Coinbase Global from $155.00 to $146.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. KeyCorp restated a “sector weight” rating on shares of Coinbase Global in a report on Wednesday, June 17th. UBS Group set a $155.00 price objective on shares of Coinbase Global in a research report on Friday, July 31st. Finally, Oppenheimer dropped their target price on shares of Coinbase Global from $209.00 to $193.00 and set an “outperform” rating for the company in a report on Friday, July 31st. 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 company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $219.97.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Coinbase’s launch of retail IPO access, beginning with Oura, is reinforcing its strategy to become a broader financial platform. The service could create new fee revenue and increase customer engagement, although allocations are limited and not guaranteed. Coinbase Opens IPO Allocations To US Retail Traders Starting With Oura
• Positive Sentiment: Coinbase introduced fixed-rate USDC loans backed by Bitcoin through Morpho Midnight on Base. Locking in borrowing costs and repayment dates may make the product more attractive than variable-rate alternatives; Coinbase said its existing variable-rate loans exceed $1.4 billion. Coinbase Introduces Fixed-Rate Bitcoin Collateral Loans via Morpho Midnight Integration
• Positive Sentiment: Coinbase is providing USDC settlement infrastructure for Roundtable’s decentralized media-payment platform, and Roundtable shares began trading on Coinbase. The partnership supports Coinbase’s stablecoin, custody and institutional-services businesses, though the financial impact is not yet quantified. Powered by Coinbase, Roundtable’s Real-Time DeFi Media Payment Platform Goes Live
• Neutral Sentiment: The SEC’s new pathway for tokenized stocks could benefit Coinbase as it expands into tokenized equities, derivatives and prediction markets. The opportunity is significant, but competitive and regulatory hurdles remain, and many existing tokenized-stock products may not qualify. Winners and losers of the SEC’s new tokenized stocks rules
• Negative Sentiment: A recent Coinbase service outage temporarily prevented some customers from trading or viewing balances, raising reliability and reputational concerns. In addition, the current market pullback and Coinbase’s high sensitivity to crypto prices are weighing on sentiment despite Bitcoin’s relative stability. Crypto Crash Panic: Coinbase Goes Down as Bitcoin Hits $85K

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC lifted its holdings in Coinbase Global by 185.5% during the 2nd 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 in the last quarter. Whetstone Capital Advisors LLC grew its stake in shares of Coinbase Global by 86.3% in the second quarter. Whetstone Capital Advisors LLC now owns 47,048 shares of the cryptocurrency exchange’s stock worth $6,878,000 after acquiring an additional 21,788 shares in the last quarter. National Pension Service increased its position in shares of Coinbase Global by 117.1% during the second quarter. National Pension Service now owns 641,518 shares of the cryptocurrency exchange’s stock worth $93,784,000 after acquiring an additional 346,045 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of Coinbase Global during the second quarter worth $417,000. Finally, Integrated Wealth Concepts LLC raised its stake in shares of Coinbase Global by 111.2% in the second quarter. Integrated Wealth Concepts LLC now owns 11,585 shares of the cryptocurrency exchange’s stock valued at $1,694,000 after acquiring an additional 6,100 shares in the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

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.