Coinbase Global, Inc. $COIN Position Trimmed by Silvant Capital Management LLC

Key Points

• Silvant Capital Management trimmed its Coinbase stake by 38.2% in Q3, selling 6,149 shares and ending the quarter with 9,936 shares worth about $3.35 million.
• Large insider selling continues: CEO Brian Armstrong sold 40,000 shares (~$9.96M) and insiders sold 476,920 shares totaling $84.19M in the last quarter, with insiders holding 16.56% of the stock.
• Coinbase missed results as EPS came in at $0.66 vs. $0.83 expected and revenue was $1.78B vs. $1.86B (down 21.6% YoY); analysts’ consensus is a "Hold" with a $270.51 price target.

Silvant Capital Management LLC decreased its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 38.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,936 shares of the cryptocurrency exchange's stock after selling 6,149 shares during the quarter. Silvant Capital Management LLC's holdings in Coinbase Global were worth $3,353,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Evelyn Partners Investment Management Europe Ltd grew its holdings in shares of Coinbase Global by 92.3% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange's stock worth $29,000 after acquiring an additional 36 shares during the last quarter. REAP Financial Group LLC purchased a new stake in shares of Coinbase Global during the third quarter valued at $25,000. Salomon & Ludwin LLC boosted its position in shares of Coinbase Global by 4,400.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange's stock valued at $30,000 after purchasing an additional 88 shares during the period. Financial Gravity Companies Inc. acquired a new position in shares of Coinbase Global in the 2nd quarter valued at $34,000. Finally, MV Capital Management Inc. increased its stake in Coinbase Global by 215.6% in the 2nd quarter. MV Capital Management Inc. now owns 101 shares of the cryptocurrency exchange's stock worth $35,000 after purchasing an additional 69 shares in the last quarter. Institutional investors and hedge funds own 68.84% of the company's stock.

Coinbase Global Trading Down 1.6%

NASDAQ:COIN opened at $196.52 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.34. Coinbase Global, Inc. has a fifty-two week low of $139.36 and a fifty-two week high of $444.64. The stock's 50-day moving average is $200.57 and its two-hundred day moving average is $267.19. The stock has a market cap of $51.90 billion, a PE ratio of 44.77, a price-to-earnings-growth ratio of 3.10 and a beta of 3.70.

Coinbase Global (NASDAQ:COIN - Get Free Report) last issued its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.83 by ($0.17). The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.86 billion. Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. Coinbase Global's revenue for the quarter was down 21.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.68 EPS. As a group, equities research analysts forecast that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Coinbase Global

In other news, Director Frederick Ernest Ehrsam III sold 2,750 shares of the business's stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $260.09, for a total transaction of $715,247.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian Armstrong sold 40,000 shares of the company's stock in a transaction on Monday, January 5th. The stock was sold at an average price of $248.96, for a total transaction of $9,958,400.00. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 476,920 shares of company stock worth $84,194,452. 16.56% of the stock is currently owned by company insiders.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Aon completed a proof‑of‑concept to pay insurance premiums with stablecoins using Coinbase/Paxos, highlighting enterprise demand for Coinbase custody and settlement rails. Aon Announces First Stablecoin Insurance Premium Payment
• Positive Sentiment: Coinbase expanded regulated crypto futures trading across 26 European nations (CySEC) — a new revenue channel and geographic diversification for trading and derivatives volumes. Coinbase Expands Regulated Crypto Futures Trading Across 26 European Nations
• Positive Sentiment: Product/innovation push: Coinbase launched “Agentic Wallets” for AI agents and executives (including Brian Armstrong) are pitching AI-driven crypto payments — a strategic narrative that could boost long‑term transaction volume and new use cases. AI Agents Set to Dominate Crypto Payments
• Positive Sentiment: Large on‑chain custody flow: Bitmine moved $19.5M in ETH to Coinbase Prime after accumulation, signaling institutional custody activity. Such flows can lift custody revenue and signal client trust. Bitmine Transfers $19.5M in ETH to Coinbase Prime
• Neutral Sentiment: Policy engagement: Coinbase’s Chief Policy Officer outlined five recommendations for U.S. stablecoin regulation — proactive advocacy reduces regulatory surprise but outcomes remain uncertain. Coinbase CPO Lists 5 Critical Errors US Congress Should Avoid In Stablecoin Regulation
• Neutral Sentiment: Analyst/coverage notes: Rothschild & Co Redburn trimmed its COIN price target modestly to $277 (still implying upside); several outlets are revisiting buy/sell cases as crypto momentum returns — mixed signals for near‑term flows. Rothschild & Co Redburn Adjusts Price Target on Coinbase
• Neutral Sentiment: Reported short‑interest data in recent feeds is inconsistent/erroneous (shows zero shares); where accurate, rising short interest would be bearish, but current data isn't reliable.
• Negative Sentiment: Regulatory/political headwinds: A key U.S. crypto market‑structure bill (CLARITY) is stalled amid a banking industry fight and a presidential veto threat, and Coinbase warns of UK regulatory risks — this uncertainty can compress multiples and deter institutional volume. Is Trending Stock Coinbase Global, Inc. (COIN) a Buy Now? Coinbase CEO Highlights UK Regulatory Risks

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Benchmark cut their price objective on Coinbase Global from $421.00 to $267.00 and set a "buy" rating on the stock in a report on Friday, February 13th. Mizuho dropped their target price on shares of Coinbase Global from $280.00 to $170.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 17th. Bank of America upgraded shares of Coinbase Global from a "neutral" rating to a "buy" rating and set a $340.00 price target on the stock in a report on Thursday, January 8th. Jefferies Financial Group reduced their price target on shares of Coinbase Global from $268.00 to $151.00 and set a "hold" rating for the company in a research report on Friday, February 13th. Finally, Wall Street Zen lowered shares of Coinbase Global from a "hold" rating to a "sell" rating in a research note on Saturday, November 22nd. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $270.51.

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.

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