Coinbase Global, Inc. $COIN Shares Acquired by Allworth Financial LP

Key Points

• Allworth Financial LP increased its Coinbase stake by 210.2% in the second quarter, bringing its holdings to 11,666 shares valued at approximately $1.7 million. Institutional investors collectively own 68.84% of Coinbase’s stock.
• Coinbase reported a quarterly loss of $1.36 per share and revenue of $1.22 billion, missing analyst estimates; revenue declined 18.5% year over year, highlighting the company’s exposure to crypto-market conditions.
• Insiders sold 70,806 shares worth roughly $11.3 million in the last quarter, while analysts maintain an average “Hold” rating and a consensus price target of $218.74.

Allworth Financial LP raised its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 210.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,666 shares of the cryptocurrency exchange's stock after buying an additional 7,905 shares during the period. Allworth Financial LP's holdings in Coinbase Global were worth $1,705,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Palisade Asset Management LLC acquired a new position in shares of Coinbase Global in the 3rd quarter worth $29,000. MV Capital Management Inc. purchased a new stake in shares of Coinbase Global during the fourth quarter valued at $27,000. Osbon Capital Management LLC purchased a new stake in shares of Coinbase Global during the fourth quarter valued at $30,000. JPL Wealth Management LLC acquired a new position in shares of Coinbase Global in the 3rd quarter valued at $49,000. Finally, Brooklands Fund Management Ltd acquired a new position in shares of Coinbase Global in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 68.84% of the company's stock.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, Director Marc Andreessen sold 13,676 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $181.14, for a total value of $2,477,270.64. Following the completion of the sale, the director owned 1,136,324 shares in the company, valued at $205,833,729.36. This represents a 1.19% decrease in their position. The transaction was disclosed in a 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, CAO Jennifer Jones sold 2,062 shares of Coinbase Global stock in a transaction on Monday, August 24th. The shares were sold at an average price of $188.75, for a total transaction of $389,202.50. 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 quarter, insiders have sold 70,806 shares of company stock worth $11,307,687. 16.66% 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: Bitcoin rallied and broader risk appetite improved, providing a direct tailwind for Coinbase because trading activity, transaction revenue and investor sentiment are closely tied to crypto prices. Coinbase’s recent market-share gains and growing derivatives, stablecoin and prediction-market businesses may be reinforcing the move. Coinbase gains as bitcoin rallies and broader risk appetite improves
• Positive Sentiment: Coinbase partnered with payments infrastructure provider Moov to bring stablecoin acceptance, settlement and real-time funding to more than 1,000 U.S. community banks and credit unions. The deal could expand Coinbase’s institutional distribution and create future transaction, custody and payments revenue. Coinbase partners with Moov to boost community bank stablecoin capabilities
• Positive Sentiment: CEO Brian Armstrong said stablecoin payments could become a major growth engine and reiterated that Bitcoin could reach $400,000 by 2030. These comments support Coinbase’s long-term growth narrative, although they are projections rather than new financial results. Coinbase CEO confident stablecoin payments will fuel growth
• Positive Sentiment: Zacks upgraded Coinbase from “strong sell” to “hold,” modestly improving the recent ratings backdrop.
• Neutral Sentiment: Management said crypto regulation could advance through SEC and CFTC rulemaking even if the Senate’s CLARITY Act stalls. This reduces the risk of an outright legislative setback, but the upcoming vote remains a source of uncertainty. Coinbase and Grayscale say crypto rules will advance with or without CLARITY
• Neutral Sentiment: Morgan Stanley initiated coverage at Equal Weight with a $250 price target, recognizing Coinbase’s broader “Everything Exchange” strategy while warning that earnings remain highly exposed to crypto-market volatility. Morgan Stanley rates Coinbase as Hold equivalent
• Negative Sentiment: Director Marc Andreessen sold approximately $2.5 million of COIN under a pre-arranged Rule 10b5-1 plan. The transaction was relatively small compared with his remaining stake but may weigh modestly on sentiment. SEC insider transaction filing
• Negative Sentiment: Coinbase’s latest quarter showed an EPS and revenue miss, with revenue declining year over year, highlighting the company’s continuing sensitivity to crypto-cycle weakness and trading volumes.
• Negative Sentiment: Reports that White House adviser Kevin Hassett held up to $5 million in Coinbase shares while involved in crypto-policy discussions could renew conflict-of-interest and regulatory scrutiny concerns. Hassett kept Coinbase stake as crypto policy changed

Coinbase Global Trading Up 1.7%

NASDAQ:COIN opened at $175.26 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.42 and a quick ratio of 2.42. Coinbase Global, Inc. has a fifty-two week low of $139.11 and a fifty-two week high of $402.16. The stock's 50-day moving average is $165.43 and its two-hundred day moving average is $175.91. The stock has a market cap of $46.24 billion, a PE ratio of -45.64 and a beta of 3.39.

Coinbase Global (NASDAQ:COIN - Get Free Report) last issued its earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share for the quarter, missing analysts' consensus estimates 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%. Coinbase Global's revenue for the quarter was down 18.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.14 EPS. As a group, equities research analysts forecast that Coinbase Global, Inc. will post -0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on COIN. Argus restated a "hold" rating on shares of Coinbase Global in a report on Wednesday, August 26th. Needham & Company LLC decreased their target price on shares of Coinbase Global from $220.00 to $177.00 and set a "buy" rating for the company in a report on Friday, July 31st. Sanford C. Bernstein reissued an "outperform" rating and issued a $330.00 target price on shares of Coinbase Global in a research report on Friday, July 31st. Barclays cut their price target on shares of Coinbase Global from $99.00 to $95.00 and set an "underweight" rating on the stock in a report on Friday, July 31st. Finally, Morgan Stanley began coverage on shares of Coinbase Global in a research report on Thursday. They issued an "equal weight" rating and a $250.00 price target for the company. Eighteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $218.74.

Coinbase Global 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.