5,147 Shares in Coinbase Global, Inc. $COIN Bought by Ninepoint Partners LP

Ninepoint Partners LP purchased a new stake in Coinbase Global, Inc. (NASDAQ:COIN) during the second quarter, HoldingsChannel.com reports. The fund purchased 5,147 shares of the cryptocurrency exchange’s stock, valued at approximately $752,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Coinbase Global by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 26,400,836 shares of the cryptocurrency exchange’s stock worth $5,970,285,000 after acquiring an additional 184,043 shares in the last quarter. Geode Capital Management LLC lifted its stake in Coinbase Global by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 6,098,062 shares of the cryptocurrency exchange’s stock worth $1,374,080,000 after purchasing an additional 189,080 shares during the last quarter. Paradigm Operations LP boosted its holdings in Coinbase Global by 3.3% in the fourth quarter. Paradigm Operations LP now owns 4,262,458 shares of the cryptocurrency exchange’s stock valued at $963,912,000 after purchasing an additional 134,425 shares in the last quarter. Norges Bank purchased a new position in Coinbase Global in the fourth quarter valued at approximately $656,744,000. Finally, ARK Investment Management LLC increased its stake in Coinbase Global by 6.1% in the fourth quarter. ARK Investment Management LLC now owns 2,541,928 shares of the cryptocurrency exchange’s stock valued at $574,832,000 after purchasing an additional 146,388 shares during the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Jennifer N. Jones sold 2,051 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $158.15, for a total value of $324,365.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 35,068 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $144.32, for a total transaction of $5,061,013.76. 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. In the last three months, insiders have sold 59,079 shares of company stock valued at $9,138,364. Insiders own 16.66% of the company’s stock.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Bitcoin rally lifts crypto exposure: Bitcoin moved above $70,000, gaining sharply over the past two sessions. Higher crypto prices typically support Coinbase through increased trading volumes, retail engagement and transaction revenue. A short-liquidation wave and strength in Ether and other tokens added momentum. Bitcoin, crypto shares climb after Trump pushes Clarity Act
• Positive Sentiment: CLARITY Act optimism: President Donald Trump urged Congress to advance the Digital Asset Market CLARITY Act after meeting crypto executives, including CEO Brian Armstrong. Armstrong said he expects the bill could receive more than 60 Senate votes in September. Clearer rules separating digital assets into securities and commodities could reduce Coinbase’s regulatory risk and support new products. Coinbase CEO Says Crypto On the Cusp of Next Bull Market
• Positive Sentiment: CEO bullish on growth opportunities: Armstrong said crypto could be approaching its next bull market and highlighted “AI-Fi,” tokenization and autonomous-agent payments as emerging opportunities. Coinbase also received Abu Dhabi approval for a regulated tokenized-securities hub and expanded access to Hyperliquid perpetual futures, broadening its international and product footprint. Coinbase Gets Abu Dhabi Approval for Tokenized Securities
• Neutral Sentiment: Additional regulatory support remains incomplete: The SEC’s proposed crypto framework could improve the path for tokenization and compliant secondary trading, but the CLARITY Act remains stalled and could face political and ethics-related obstacles. Trump administration moves ahead with new crypto rules
• Negative Sentiment: Valuation and earnings risks persist: Analysts continue to flag Coinbase’s premium valuation, declining recent revenue and weak earnings. The company’s latest quarter missed estimates, posted a loss and reported lower year-over-year revenue, leaving COIN highly sensitive to any reversal in crypto prices or trading activity. Coinbase Global Stock Carries a Premium Multiple and a Shrinking Top Line

Coinbase Global Price Performance

COIN stock opened at $172.35 on Friday. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $45.47 billion, a P/E ratio of -44.88 and a beta of 3.36. The business has a 50 day simple moving average of $158.14 and a 200-day simple moving average of $174.05. Coinbase Global, Inc. has a twelve month low of $139.11 and a twelve month high of $402.16.

Coinbase Global (NASDAQ:COIN) last announced 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). Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm earned $5.14 earnings per share. The business’s revenue was down 18.5% compared to the same quarter last year. As a group, equities analysts anticipate that Coinbase Global, Inc. will post -0.05 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on COIN shares. KeyCorp restated a “sector weight” rating on shares of Coinbase Global in a research report on Wednesday, June 17th. Weiss Ratings lowered shares of Coinbase Global from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, July 31st. UBS Group set a $155.00 price target on shares of Coinbase Global in a research report on Friday, July 31st. President Capital upped their price objective on shares of Coinbase Global from $236.00 to $264.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $265.00 price objective on shares of Coinbase Global in a report on Friday, July 31st. Eighteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, Coinbase Global presently has an average rating of “Hold” and a consensus price target of $215.11.

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.