Coinbase Global, Inc. $COIN Shares Sold by Kemnay Advisory Services Inc.

Key Points

• Kemnay Advisory trimmed its stake in Coinbase by 11.6% in Q3, selling 27,046 shares and ending the quarter with 205,300 shares (about $69.29M), which represents 10.5% of its portfolio and is its 3rd-largest holding.
• Heavy insider selling has occurred recently — CFO Alesia Haas sold 10,020 shares and CEO Brian Armstrong sold 40,000 shares, and insiders disposed of 519,670 shares (~$95.9M) over the past three months, while corporate insiders still own 16.56% of the stock.
• Mixed fundamentals and analyst views: Coinbase missed Q4 EPS ($0.66 vs. $0.83) and revenue ($1.78B vs. $1.86B; revenue down 21.6% y/y), and analysts are split with a MarketBeat consensus "Hold" and a consensus target of about $270.87 (Goldman Sachs raised its target to $270).

Kemnay Advisory Services Inc. trimmed its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 11.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,300 shares of the cryptocurrency exchange's stock after selling 27,046 shares during the quarter. Coinbase Global comprises 10.5% of Kemnay Advisory Services Inc.'s portfolio, making the stock its 3rd largest holding. Kemnay Advisory Services Inc. owned about 0.08% of Coinbase Global worth $69,287,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. REAP Financial Group LLC acquired a new position in Coinbase Global during the 3rd quarter worth $25,000. Evelyn Partners Investment Management Europe Ltd increased its holdings in shares of Coinbase Global by 92.3% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange's stock valued at $29,000 after purchasing an additional 36 shares during the period. Salomon & Ludwin LLC increased its holdings in shares of Coinbase Global by 4,400.0% during the third 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. bought a new stake in shares of Coinbase Global during the second quarter valued at about $34,000. Finally, MV Capital Management Inc. raised its stake in shares of Coinbase Global by 215.6% during the second quarter. MV Capital Management Inc. now owns 101 shares of the cryptocurrency exchange's stock valued at $35,000 after purchasing an additional 69 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Coinbase Global news, CFO Alesia J. Haas sold 10,020 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the transaction, the chief financial officer directly owned 397,171 shares of the company's stock, valued at $79,434,200. This represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brian Armstrong sold 40,000 shares of the firm's stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $248.96, for a total value of $9,958,400.00. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 519,670 shares of company stock worth $95,919,594. Corporate insiders own 16.56% of the company's stock.

Coinbase Global Stock Down 4.1%

COIN stock opened at $197.25 on Friday. The firm has a market cap of $52.09 billion, a PE ratio of 44.93, a P/E/G ratio of 2.83 and a beta of 3.70. Coinbase Global, Inc. has a 12 month low of $139.36 and a 12 month high of $444.64. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.34. The firm has a 50 day simple moving average of $201.95 and a 200 day simple moving average of $269.02.

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

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: High‑profile political support: CEO Brian Armstrong met privately with former President Trump, who publicly voiced backing for crypto-friendly legislation (the CLARITY Act). That endorsement helped spark a mid‑week rally in crypto prices and COIN shares. Article Title
• Positive Sentiment: Bullish analyst action: Goldman Sachs raised its COIN price target to $270 and kept a "buy" rating, giving institutional validation for upside if crypto volumes and regulation improve. Article Title
• Positive Sentiment: Institutional product expansion: Coinbase Prime now offers CFTC‑regulated futures and unified cross‑margin trading via Coinbase Financial Markets (leveraging Deribit capabilities), which should deepen institutional flow and fee opportunity. Article Title
• Neutral Sentiment: Crypto market tailwinds: Bitcoin rallied (ETF inflows and a short squeeze dynamic), lifting crypto‑linked equities and potentially increasing Coinbase trading volumes and custody demand — a near‑term positive for revenue if sustained. Article Title
• Negative Sentiment: New shareholder derivative lawsuit: A plaintiff filed a derivative suit naming CEO Brian Armstrong and other directors/executives (alleging oversight failures and disclosure issues). This raises potential legal costs, governance risk and investor uncertainty. Article Title
• Negative Sentiment: Insider selling / governance headlines: Coinbase CLO and other senior insiders sold shares ahead of or around the timing of legal actions; CFO Alesia Haas sold ~10,020 shares (filed with the SEC), which investors often view as a negative governance signal even when sales are routine. Article Title and Article Title
• Negative Sentiment: Regulatory uncertainty on stablecoins: Ongoing Senate fights over stablecoin yield rules have already pushed Coinbase to withdraw support for certain bill language. A stalled or unfavorable market‑structure bill could limit new product opportunities (e.g., high‑yield stablecoin programs). Article Title
• Negative Sentiment: Recent fundamentals: Coinbase missed Q4 revenue and EPS estimates (revenue down y/y, EPS miss), a reminder that elevated crypto prices don't immediately erase prior weakness in top‑line growth and analyst skepticism. (See company Q4 report and analyst commentary.)

Wall Street Analyst Weigh In

Several research firms have commented on COIN. The Goldman Sachs Group raised their target price on shares of Coinbase Global from $264.00 to $270.00 and gave the company a "buy" rating in a research note on Friday. Mizuho dropped their target price on Coinbase Global from $280.00 to $170.00 and set a "neutral" rating on the stock in a report on Tuesday, February 17th. Robert W. Baird set a $165.00 target price on Coinbase Global in a research report on Friday, February 13th. BTIG Research decreased their price target on Coinbase Global from $340.00 to $280.00 and set a "buy" rating for the company in a research note on Friday, February 13th. Finally, JPMorgan Chase & Co. lowered their price target on Coinbase Global from $399.00 to $290.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 10th. Nineteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $270.87.

Coinbase Global Company 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.

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