Coinbase Global, Inc. $COIN Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC reduced its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 21.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,210 shares of the cryptocurrency exchange’s stock after selling 5,850 shares during the period. Natixis Advisors LLC’s holdings in Coinbase Global were worth $4,796,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Coinbase Global by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 26,400,836 shares of the cryptocurrency exchange’s stock worth $5,970,285,000 after buying an additional 184,043 shares during the period. Geode Capital Management LLC increased its position in Coinbase Global by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 6,098,062 shares of the cryptocurrency exchange’s stock worth $1,374,080,000 after buying an additional 189,080 shares during the period. Norges Bank acquired a new stake in Coinbase Global in the fourth quarter worth $656,744,000. Northern Trust Corp increased its position in Coinbase Global by 5.9% in the third quarter. Northern Trust Corp now owns 1,959,871 shares of the cryptocurrency exchange’s stock worth $661,437,000 after buying an additional 108,751 shares during the period. Finally, Legal & General Group Plc increased its position in Coinbase Global by 1.4% in the fourth quarter. Legal & General Group Plc now owns 1,210,082 shares of the cryptocurrency exchange’s stock worth $273,648,000 after buying an additional 16,298 shares during the period. 68.84% of the stock is owned by institutional investors and hedge funds.

Coinbase Global Price Performance

Shares of COIN opened at $162.11 on Tuesday. The firm has a market capitalization of $42.71 billion, a price-to-earnings ratio of 60.94, a price-to-earnings-growth ratio of 5.28 and a beta of 3.32. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.14 and a current ratio of 2.14. Coinbase Global, Inc. has a one year low of $139.36 and a one year high of $444.64. The stock’s fifty day moving average is $185.83 and its 200-day moving average is $206.49.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($1.55). Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the business earned $0.24 EPS. The company’s quarterly revenue was down 30.5% compared to the same quarter last year. Equities analysts anticipate that Coinbase Global, Inc. will post 1.77 EPS for the current year.

Insider Transactions at Coinbase Global

In related news, CFO Alesia J. Haas sold 10,020 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the completion of the transaction, the chief financial officer owned 377,201 shares of the company’s stock, valued at $75,440,200. This trade represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lawrence J. Brock sold 6,616 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $189.01, for a total value of $1,250,490.16. Following the transaction, the insider directly owned 517 shares of the company’s stock, valued at $97,718.17. This represents a 92.75% decrease in their position. 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. Over the last ninety days, insiders sold 38,546 shares of company stock worth $7,422,495. Corporate insiders own 16.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on COIN shares. Bank of America dropped their target price on Coinbase Global from $288.00 to $234.00 in a research report on Thursday, April 2nd. BTIG Research dropped their target price on Coinbase Global from $340.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Wedbush set a $224.00 target price on Coinbase Global in a research report on Friday, May 8th. Sanford C. Bernstein dropped their target price on Coinbase Global from $440.00 to $330.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Finally, China Renaissance dropped their target price on Coinbase Global from $301.50 to $223.20 and set a “buy” rating on the stock in a research report on Monday, February 23rd. 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $250.23.

More Coinbase Global News

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

• Positive Sentiment: Bitcoin’s rebound above $63,000 is helping lift crypto-linked stocks, and Coinbase often trades as a high-beta proxy for the digital asset market. Why Coinbase (COIN) Stock Is Trading Up Today
• Positive Sentiment: More than 200 crypto groups, including Coinbase, urged the Senate to vote on the Clarity Act, which could improve regulatory visibility for the industry and support Coinbase’s long-term business outlook. Over 200 Crypto Groups Urge Senate Clarity Act Vote
• Positive Sentiment: Coinbase is highlighting new growth opportunities such as crypto-backed mortgages and broader financial use cases for digital assets, which could expand its ecosystem beyond trading. Could Bitcoin Help You Buy Your Next Home? Coinbase Thinks It’s Possible.
• Neutral Sentiment: Coinbase CEO Brian Armstrong said the company is using cheaper AI models where possible to keep costs roughly flat while growing token usage, a sign of expense discipline rather than a direct near-term revenue driver. The cost-saving AI measure Coinbase’s CEO is taking to keep costs ‘roughly flat’ while growing token usage
• Negative Sentiment: Some recent coverage says Wall Street is losing faith in Coinbase as Bitcoin weakens, and analysts have also trimmed price targets, showing that sentiment can reverse quickly if crypto prices fall again. As Bitcoin Prices Plunge, Wall Street Is Losing Faith in Coinbase Stock

Coinbase Global 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.