Compound Planning Inc. Sells 22,449 Shares of Coinbase Global, Inc. $COIN

Compound Planning Inc. reduced its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 8.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 246,967 shares of the cryptocurrency exchange’s stock after selling 22,449 shares during the quarter. Coinbase Global accounts for 1.3% of Compound Planning Inc.’s investment portfolio, making the stock its 12th biggest holding. Compound Planning Inc.’s holdings in Coinbase Global were worth $43,123,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Formidable Asset Management LLC raised its holdings in shares of Coinbase Global by 2.2% in the 4th quarter. Formidable Asset Management LLC now owns 2,074 shares of the cryptocurrency exchange’s stock valued at $469,000 after purchasing an additional 44 shares during the period. L2 Asset Management LLC lifted its stake in Coinbase Global by 5.0% in the 3rd quarter. L2 Asset Management LLC now owns 965 shares of the cryptocurrency exchange’s stock valued at $326,000 after purchasing an additional 46 shares during the last quarter. Ancora Advisors LLC grew its holdings in Coinbase Global by 4.5% during the third quarter. Ancora Advisors LLC now owns 1,174 shares of the cryptocurrency exchange’s stock worth $396,000 after purchasing an additional 51 shares during the period. Fulton Bank N.A. increased its position in Coinbase Global by 1.1% during the first quarter. Fulton Bank N.A. now owns 4,942 shares of the cryptocurrency exchange’s stock worth $863,000 after buying an additional 53 shares during the last quarter. Finally, SRH Advisors LLC increased its position in Coinbase Global by 10.1% during the fourth quarter. SRH Advisors LLC now owns 600 shares of the cryptocurrency exchange’s stock worth $136,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global Stock Down 3.0%

Shares of COIN opened at $161.16 on Friday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.44. Coinbase Global, Inc. has a 12 month low of $139.18 and a 12 month high of $405.31. The firm’s 50 day moving average is $166.92 and its 200-day moving average is $184.93. The stock has a market capitalization of $42.46 billion, a PE ratio of 60.59, a P/E/G ratio of 10.40 and a beta of 3.35.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($1.55). The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The company’s quarterly revenue was down 30.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 earnings per share. Equities research analysts forecast that Coinbase Global, Inc. will post 1.45 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on COIN shares. Bank of America cut their price objective on Coinbase Global from $288.00 to $234.00 in a research report on Thursday, April 2nd. Barclays reduced their price objective on shares of Coinbase Global from $107.00 to $99.00 and set an “underweight” rating for the company in a research report on Thursday, July 9th. Sanford C. Bernstein decreased their price objective on shares of Coinbase Global from $440.00 to $330.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Piper Sandler dropped their price objective on shares of Coinbase Global from $170.00 to $155.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 15th. Finally, UBS Group set a $235.00 target price on shares of Coinbase Global in a report on Thursday. Eighteen 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. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $239.14.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Coinbase continued to broaden its product and infrastructure story, including work with Abu Dhabi’s Mubadala Capital on tokenized private-market funds, new AI-agent USDC payment tools, and participation in the Bitcoin Security Consortium. These developments support Coinbase’s long-term “everything exchange” and institutional adoption narrative. Abu Dhabi’s $430B Asset Giant Makes Blockchain Leap, Coinbase Buys In
• Positive Sentiment: Coinbase is expanding in Singapore and Canada, signaling continued international growth and a push into tokenized equities and broader financial services outside the U.S. Coinbase Global Expands Its Singapore Operations
• Positive Sentiment: The SEC agreed to pay Coinbase $150,000 to settle a records lawsuit over missing text messages, removing a legal overhang and giving Coinbase a public-relations win in its fight against U.S. crypto enforcement. US SEC settles FOIA lawsuit with Coinbase over lost messages, WSJ op-ed says
• Neutral Sentiment: Coinbase CEO Brian Armstrong said the CLARITY Act is close to a Senate floor vote, but the bill still faces political hurdles. Any eventual passage could be a major tailwind, though timing remains uncertain. 950K Contacts Back CLARITY Act as Coinbase CEO Says Bill Is Ready for Full Senate Vote
• Neutral Sentiment: Coinbase also highlighted internal resilience and future readiness, including a postmortem on a recent outage and preparations for quantum-resistant custody, but these items are more long-term operational matters than immediate stock drivers. Coinbase Reveals How One Configuration Error Triggered a 50-Minute Outage
• Negative Sentiment: Multiple brokerages cut their price targets, including Citi’s move to $235 from $400 and Raymond James’ Market Perform rating, reinforcing valuation concerns and helping explain the stock’s weakness today. Analyst cuts Coinbase price target 40% ahead of Q2 earnings
• Negative Sentiment: Broader financial stocks were also softer, and Coinbase has recently been hit by competition fears and earnings caution ahead of its upcoming report, which may be limiting investor enthusiasm. Sector Update: Financial Stocks Softer in Afternoon Trading

Insider Buying and Selling

In other news, insider Lawrence J. Brock sold 6,616 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $189.01, for a total transaction of $1,250,490.16. Following the sale, the insider directly owned 517 shares of the company’s stock, valued at approximately $97,718.17. This represents a 92.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Grewal sold 1,960 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $176.88, for a total value of $346,684.80. Following the completion of the transaction, the insider owned 84,753 shares in the company, valued at $14,991,110.64. The trade was a 2.26% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 30,627 shares of company stock valued at $5,327,841. 16.66% of the stock is owned by insiders.

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.