Coinbase Global, Inc. $COIN Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. grew its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 34.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,202 shares of the cryptocurrency exchange's stock after buying an additional 12,002 shares during the quarter. Baird Financial Group Inc.'s holdings in Coinbase Global were worth $6,900,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Allworth Financial LP grew its holdings in Coinbase Global by 210.2% during the second quarter. Allworth Financial LP now owns 11,666 shares of the cryptocurrency exchange's stock worth $1,705,000 after acquiring an additional 7,905 shares during the period. Arizona State Retirement System grew its stake in shares of Coinbase Global by 72.4% in the 2nd quarter. Arizona State Retirement System now owns 102,633 shares of the cryptocurrency exchange's stock worth $15,004,000 after purchasing an additional 43,109 shares during the last quarter. Waverly Advisors LLC raised its holdings in shares of Coinbase Global by 1,311.3% in the 2nd quarter. Waverly Advisors LLC now owns 36,666 shares of the cryptocurrency exchange's stock worth $5,360,000 after purchasing an additional 34,068 shares in the last quarter. Nykredit A S bought a new stake in shares of Coinbase Global in the 2nd quarter worth approximately $12,395,000. Finally, Parkside Financial Bank & Trust lifted its stake in Coinbase Global by 47.1% during the second quarter. Parkside Financial Bank & Trust now owns 653 shares of the cryptocurrency exchange's stock valued at $95,000 after purchasing an additional 209 shares during the last quarter. 68.84% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: The revised CLARITY Act draft increased expectations that the crypto market-structure bill could advance in Tuesday’s Senate procedural vote. Clearer rules, defined agency oversight and stronger consumer protections could reduce regulatory uncertainty for Coinbase and the broader digital-asset industry. Coinbase Stock Pops After Revised Clarity Act Draft Released
• Positive Sentiment: Coinbase benefited from a wider cryptocurrency-equities rally as Bitcoin reached approximately $78,113 ahead of the Senate vote. Sustained crypto prices and trading activity generally support Coinbase’s transaction revenue and institutional demand. Cryptocurrency Equities Rally Ahead of Senate’s Historic Digital Asset Legislation Vote
• Positive Sentiment: A partnership with Moov is expected to extend Coinbase’s stablecoin custody, payments and settlement services to community banks and credit unions. The initiative could broaden stablecoin adoption and create additional institutional business opportunities. Coinbase Expands Stablecoin Reach Through Community Banks
• Neutral Sentiment: Compass Point upgraded Coinbase from “sell” to “neutral” and raised its price target from $130 to $177. The improved rating removes a bearish signal, but the target remains below the stock’s recently referenced trading level, indicating valuation concerns persist. Compass Point upgrades Coinbase Global to neutral from sell
• Neutral Sentiment: Coinbase continues promoting tokenized stocks and Base is inviting projects to tokenize non-U.S. equities, highlighting potential long-term growth in on-chain financial markets. However, Nasdaq’s reported $100 million investment in Payward signals intensifying competition in tokenized-equity infrastructure. Coinbase Says Its Tokenized Stocks Set the Standard
• Negative Sentiment: Morgan Stanley reportedly sees promise in Coinbase’s long-term business prospects but remains cautious about the current share valuation. That concern is consistent with Coinbase’s recent earnings miss and revenue decline, leaving the stock highly sensitive to crypto prices and regulatory outcomes. Morgan Stanley likes Coinbase’s future, not its stock

Coinbase Global Trading Up 9.2%

NASDAQ:COIN opened at $191.45 on Tuesday. 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 $165.88 and its two-hundred day moving average is $176.23. The stock has a market cap of $50.51 billion, a PE ratio of -49.86 and a beta of 3.39.

Coinbase Global (NASDAQ:COIN - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.44) by ($0.92). The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.29 billion. Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%.Coinbase Global's revenue for the quarter was down 18.5% compared to the same quarter last year. During the same period last year, the company earned $5.14 earnings per share. As a group, equities research analysts forecast that Coinbase Global, Inc. will post -0.24 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Marc L. Andreessen sold 13,676 shares of the firm's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $181.14, for a total transaction of $2,477,270.64. Following the completion of the sale, the director directly owned 1,136,324 shares of the company's stock, valued at $205,833,729.36. This trade represents a 1.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,062 shares of Coinbase Global stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $188.75, for a total value of $389,202.50. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 70,806 shares of company stock worth $11,307,687 in the last ninety days. Corporate insiders own 16.66% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on COIN. Zacks Research upgraded shares of Coinbase Global from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 9th. Benchmark reduced their target price on Coinbase Global from $270.00 to $230.00 and set a "buy" rating for the company in a report on Friday, July 31st. Canaccord Genuity Group reissued a "buy" rating and issued a $300.00 price target on shares of Coinbase Global in a research note on Friday, July 31st. Needham & Company LLC cut their price objective on Coinbase Global from $220.00 to $177.00 and set a "buy" rating on the stock in a report on Friday, July 31st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $240.00 price objective on shares of Coinbase Global in a research note on Tuesday, July 28th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $219.97.

About Coinbase Global

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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