Neville Rodie & Shaw Inc. Sells 3,499 Shares of Coinbase Global, Inc. $COIN

Neville Rodie & Shaw Inc. reduced its position in Coinbase Global, Inc. (NASDAQ:COIN) by 71.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,424 shares of the cryptocurrency exchange’s stock after selling 3,499 shares during the period. Neville Rodie & Shaw Inc.’s holdings in Coinbase Global were worth $208,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MV Capital Management Inc. purchased a new stake in Coinbase Global during the fourth quarter valued at approximately $27,000. Palisade Asset Management LLC purchased a new position in Coinbase Global in the third quarter worth $29,000. Osbon Capital Management LLC purchased a new position in Coinbase Global in the fourth quarter worth $30,000. Glen Eagle Advisors LLC increased its position in shares of Coinbase Global by 101.1% during the first quarter. Glen Eagle Advisors LLC now owns 175 shares of the cryptocurrency exchange’s stock worth $31,000 after purchasing an additional 88 shares in the last quarter. Finally, Archer Investment Corp increased its position in shares of Coinbase Global by 546.4% during the first quarter. Archer Investment Corp now owns 181 shares of the cryptocurrency exchange’s stock worth $32,000 after purchasing an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Insider Transactions at Coinbase Global

In other news, insider Paul Grewal sold 1,960 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $176.88, for a total value of $346,684.80. Following the completion of the transaction, the insider directly owned 84,753 shares in the company, valued at $14,991,110.64. This trade represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,051 shares of Coinbase Global stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $158.15, for a total value of $324,365.65. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 30,627 shares of company stock worth $5,327,841 in the last 90 days. 16.66% of the stock is owned by company insiders.

Coinbase Global Trading Up 2.9%

NASDAQ:COIN opened at $150.73 on Wednesday. The company has a market capitalization of $39.71 billion, a P/E ratio of -39.25, a PEG ratio of 19.96 and a beta of 3.36. 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, Inc. has a 12 month low of $139.11 and a 12 month high of $402.16. The firm has a fifty day simple moving average of $161.87 and a 200-day simple moving average of $179.80.

Coinbase Global (NASDAQ:COIN) last released 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 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%. Coinbase Global’s revenue was down 18.5% on a year-over-year basis. During the same period in the previous year, the company earned $5.14 earnings per share. On average, equities research analysts anticipate that Coinbase Global, Inc. will post 0.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. KeyCorp reissued a “sector weight” rating on shares of Coinbase Global in a research report on Wednesday, June 17th. BTIG Research reduced their target price on Coinbase Global from $260.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday. Wolfe Research set a $325.00 price target on Coinbase Global in a research note on Thursday, July 9th. Raymond James Financial began coverage on Coinbase Global in a research note on Wednesday, July 22nd. They issued a “market perform” rating for the company. Finally, Citizens Jmp lowered their price target on Coinbase Global from $355.00 to $325.00 and set a “market outperform” rating for the company in a report on Thursday, July 9th. Eighteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $215.11.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Coinbase and Circle will automatically renew their USDC commercial partnership on unchanged terms. The renewal preserves Coinbase’s existing economics and removes uncertainty that the agreement would be renegotiated after Coinbase joined the Open USD consortium. Coinbase Keeps Circle Partnership Terms Unchanged
• Positive Sentiment: Analysts at HC Wainwright maintained a Buy rating and a $265 price target, citing expected profitability in the fourth quarter. Coinbase is also expanding beyond transaction fees through subscriptions, stablecoins, derivatives and its Base network, which reportedly reached $32 trillion in volume. Coinbase Q2 2026 Earnings Call Transcript
• Positive Sentiment: CEO Brian Armstrong is lobbying for passage of the CLARITY Act, which could establish clearer U.S. cryptocurrency rules and improve the regulatory outlook for Coinbase’s exchange, custody and stablecoin businesses. Coinbase CEO Supports CLARITY Act
• Neutral Sentiment: Coinbase has obtained access to Anthropic’s restricted Mythos AI model to help audit and secure crypto protocols, a potentially useful technology advantage but one unlikely to materially affect near-term financial results. Crypto Firms Seek Frontier AI Access
• Negative Sentiment: Bitcoin’s decline and a record 77-day negative Coinbase Premium indicate weak U.S. institutional buying and potentially lower trading activity. A broader crypto slowdown is also affecting industry peers, reinforcing concerns about near-term volumes and revenue. Bitcoin and Coinbase Premium Decline
• Negative Sentiment: HC Wainwright cut its 2026 EPS forecast to a $0.74 loss from a $0.15 loss, while forecasting a $0.27 loss in the third quarter. The revision adds to concerns following Coinbase’s latest quarterly revenue and EPS miss. Coinbase Analyst Estimates
• Negative Sentiment: Recent price-target reductions from Cantor Fitzgerald, Needham, Benchmark and Oppenheimer show analysts are recalibrating expectations, while comparisons with CME Group favor CME on valuation, performance and near-term growth. Regulatory delays for the CLARITY Act add another uncertainty.

Coinbase Global Profile

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.