Coinbase Global Target of Unusually Large Options Trading (NASDAQ:COIN)

Coinbase Global, Inc. (NASDAQ:COIN) was the recipient of some unusual options trading activity on Thursday. Stock traders purchased 354,875 put options on the company. This represents an increase of approximately 42% compared to the typical daily volume of 249,706 put options.

Insider Activity

In other Coinbase Global news, COO Emilie Choi sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $310.88, for a total transaction of $31,088,000.00. Following the completion of the transaction, the chief operating officer owned 187,802 shares of the company’s stock, valued at $58,383,885.76. This represents a 34.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian Armstrong sold 40,000 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $271.87, for a total value of $10,874,800.00. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 808,412 shares of company stock valued at $237,645,711. Insiders own 16.56% of the company’s stock.

Institutional Investors Weigh In On Coinbase Global

Hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. grew its position in Coinbase Global by 672.2% in the 2nd quarter. Bessemer Group Inc. now owns 1,166 shares of the cryptocurrency exchange’s stock worth $408,000 after purchasing an additional 1,015 shares during the period. SP Asset Management LLC purchased a new position in shares of Coinbase Global in the 2nd quarter worth $360,000. New York Life Investment Management LLC boosted its stake in shares of Coinbase Global by 890.8% in the 2nd quarter. New York Life Investment Management LLC now owns 31,479 shares of the cryptocurrency exchange’s stock worth $11,033,000 after buying an additional 28,302 shares during the last quarter. Lauterbach Financial Advisors LLC bought a new stake in shares of Coinbase Global in the second quarter worth $390,000. Finally, Atria Investments Inc purchased a new stake in Coinbase Global during the second quarter valued at $1,137,000. 68.84% of the stock is owned by institutional investors.

Coinbase Global Trading Down 6.5%

NASDAQ:COIN opened at $239.28 on Friday. The firm has a market capitalization of $64.52 billion, a P/E ratio of 20.70 and a beta of 3.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40. Coinbase Global has a one year low of $142.58 and a one year high of $444.64. The company’s 50-day simple moving average is $258.13 and its 200 day simple moving average is $312.36.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.40. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the firm earned $0.28 earnings per share. The business’s revenue for the quarter was up 55.1% on a year-over-year basis. As a group, analysts forecast that Coinbase Global will post 7.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on COIN shares. HC Wainwright upgraded shares of Coinbase Global from a “sell” rating to a “buy” rating and lifted their price target for the company from $300.00 to $425.00 in a report on Thursday, October 30th. Monness Crespi & Hardt raised shares of Coinbase Global from a “neutral” rating to a “buy” rating and set a $375.00 target price on the stock in a research note on Monday, November 10th. Argus reissued a “hold” rating on shares of Coinbase Global in a research note on Tuesday, November 25th. Rothschild & Co Redburn lowered their price objective on shares of Coinbase Global from $417.00 to $404.00 and set a “buy” rating for the company in a report on Friday, November 28th. Finally, Bank of America upgraded Coinbase Global from a “neutral” rating to a “buy” rating and set a $340.00 target price on the stock in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $362.72.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Coinbase CEO Brian Armstrong is actively lobbying lawmakers to protect crypto rewards and push for a better bill (effort could preserve key revenue streams if successful). Coinbase CEO lobbies lawmakers to protect crypto rewards
• Positive Sentiment: China Renaissance cut its target but kept a “buy” rating, implying continued upside in some analysts’ views despite the near-term noise. China Renaissance adjusts PT on Coinbase
• Neutral Sentiment: Some Senate Banking members remain optimistic the bill can be revised and advanced, signaling the regulatory process is postponed rather than dead — outcome and timing remain uncertain. Senate Banking Committee Lawmakers Optimistic About Crypto Bill Progress
• Neutral Sentiment: Coinbase says a markup could still happen “in a few weeks,” suggesting more debate ahead rather than a final regulatory resolution. Coinbase CEO expects market structure bill markup ‘in a few weeks‘
• Negative Sentiment: Armstrong’s public withdrawal of support for the CLARITY/Digital Asset Market bill triggered the committee to pause its vote; investors view the move as near-term regulatory uncertainty for Coinbase’s core business. Coinbase Stock Falls After Crypto Bill Support Withdrawn
• Negative Sentiment: Large put-option activity: unusually high volume of puts (~354,875 contracts) suggests traders are positioning for further downside or hedging exposure. (Options flow reported intraday.)
• Negative Sentiment: Jefferies trimmed its price target and moved to a “hold” — another sell-side downgrade that pressures sentiment. Jefferies adjusts price target on Coinbase
• Negative Sentiment: Crypto weakness and Q4 headwinds: ARK ETFs and other funds flagged Coinbase as a key detractor amid a crypto pullback, amplifying stock volatility tied to broader market swings. Crypto slump hits ARK ETFs in Q4, Coinbase becomes top detractor

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.