Coinbase Global, Inc. $COIN Holdings Raised by Envestnet Portfolio Solutions Inc.

Key Points

• Institutional investors increased Coinbase exposure: Envestnet Portfolio Solutions raised its stake by 13.8% to 44,011 shares valued at $6.6 million, while institutional investors collectively own 68.84% of COIN.
• Insiders have been selling shares: CFO Alesia Haas sold approximately $8.0 million worth of stock under a pre-arranged Rule 10b5-1 plan, and insiders sold 116,674 shares worth $20.7 million over the past 90 days.
• Financial results remain under pressure: Coinbase reported a quarterly loss of $1.36 per share, missed revenue estimates with $1.22 billion in sales, and revenue declined 18.5% year over year. Analysts’ average rating is “Hold,” with an average price target of $219.97.

Envestnet Portfolio Solutions Inc. increased its position in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 13.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,011 shares of the cryptocurrency exchange's stock after acquiring an additional 5,343 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Coinbase Global were worth $6,586,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of COIN. Sequoia Financial Advisors LLC increased its position in shares of Coinbase Global by 185.5% in the second quarter. Sequoia Financial Advisors LLC now owns 25,507 shares of the cryptocurrency exchange's stock valued at $3,729,000 after buying an additional 16,572 shares in the last quarter. Whetstone Capital Advisors LLC increased its holdings in Coinbase Global by 86.3% during the 2nd quarter. Whetstone Capital Advisors LLC now owns 47,048 shares of the cryptocurrency exchange's stock valued at $6,878,000 after acquiring an additional 21,788 shares in the last quarter. National Pension Service raised its position in 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 last quarter. Engineers Gate Manager LP acquired a new position in Coinbase Global during the second quarter worth about $417,000. Finally, Integrated Wealth Concepts LLC lifted its holdings 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 purchasing an additional 6,100 shares in the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Coinbase Global

In related news, CFO Alesia Haas sold 39,030 shares of the firm's stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $205.24, for a total value of $8,010,517.20. Following 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 ownership of the stock. The transaction was disclosed in a legal filing 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. Also, Director Frederick Wilson sold 35,068 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $144.32, for a total transaction of $5,061,013.76. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 116,674 shares of company stock valued at $20,720,336. Insiders own 16.66% of the company's stock.

Coinbase Global News Roundup

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

• Positive Sentiment: Coinbase is extending its derivatives strategy into precious metals, with gold and silver perpetual futures already available to eligible non-U.S. users and plans for expanded U.S. trading hours. The move could diversify trading revenue and strengthen the company’s broader financial-markets platform. Coinbase Pushes Gold and Silver Trading Toward Always-On Markets
• Positive Sentiment: Coinbase Institutional executives highlighted plans to become an “everything exchange,” including equities and other financial products. The SEC’s innovation exemption may provide additional room for tokenized-stock and market-access initiatives, although the commercial impact is not yet proven. Coinbase Wants to Become the Everything Exchange
• Positive Sentiment: Base, Coinbase’s Ethereum layer-2 network, processed roughly 7.5 million transactions in a day. The milestone suggests growing ecosystem activity and could support future application, payments and developer revenue, though transaction volume does not necessarily equal economic value or sustained user growth. Base Activity Climbs to 7.5 Million Transactions in a Day
• Neutral Sentiment: Recent data reports short interest at zero shares and a zero-day short-interest ratio, contradicting a separate headline describing a large increase. Investors should treat the short-interest information as unreliable until confirmed by an exchange or regulatory filing.
• Negative Sentiment: Coinbase CFO Alesia Haas and director Marc Andreessen sold shares worth approximately $8.0 million and $1.4 million, respectively. Both transactions were executed under pre-arranged Rule 10b5-1 plans, reducing the immediate significance but potentially weighing on sentiment. Coinbase Insider Selling
• Negative Sentiment: UK Finance expelled Coinbase from its membership, signaling continuing friction between traditional banks and crypto platforms. Coinbase also faces broader regulatory and legal uncertainty involving prediction-market products. British Banking Lobby Expels Coinbase
• Negative Sentiment: The latest reported quarter showed a $1.36 per-share loss, revenue below estimates and an 18.5% year-over-year revenue decline, leaving COIN highly sensitive to cryptocurrency prices and trading volumes.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $240.00 price target on shares of Coinbase Global in a research report on Tuesday, July 28th. Mizuho set a $155.00 target price on Coinbase Global in a research note on Friday, July 31st. HC Wainwright reiterated a "buy" rating and set a $265.00 target price on shares of Coinbase Global in a report on Friday, July 31st. Citizens Jmp dropped their price target on Coinbase Global from $355.00 to $325.00 and set a "market outperform" rating for the company in a research report on Thursday, July 9th. Finally, Piper Sandler cut their price target on Coinbase Global from $155.00 to $146.00 and set a "neutral" rating for the company in a report on Friday, July 31st. Nineteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $219.97.

Coinbase Global Trading Up 0.5%

Shares of COIN opened at $199.21 on Friday. Coinbase Global, Inc. has a fifty-two week low of $139.11 and a fifty-two week high of $402.16. The company has a market capitalization of $52.56 billion, a PE ratio of -51.88 and a beta of 3.39. The stock has a fifty day moving average of $170.23 and a two-hundred day moving average of $176.11. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.42 and a current ratio of 2.42.

Coinbase Global (NASDAQ:COIN - Get Free Report) last released its earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) EPS for the quarter, missing the consensus estimate of ($0.44) by ($0.92). The business 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%. The business's revenue for the quarter was down 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.14 earnings per share. As a group, analysts forecast that Coinbase Global, Inc. will post -0.24 EPS for the current year.

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.

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