Cresset Asset Management LLC Sells 8,948 Shares of Coinbase Global, Inc. $COIN

Cresset Asset Management LLC lessened its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 15.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,590 shares of the cryptocurrency exchange’s stock after selling 8,948 shares during the period. Cresset Asset Management LLC’s holdings in Coinbase Global were worth $16,061,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of COIN. Capital Advisors Wealth Management LLC grew its position in shares of Coinbase Global by 2.0% in the 3rd quarter. Capital Advisors Wealth Management LLC now owns 1,549 shares of the cryptocurrency exchange’s stock valued at $523,000 after buying an additional 30 shares during the last quarter. Elevation Wealth Partners LLC lifted its stake in shares of Coinbase Global by 37.6% in the third quarter. Elevation Wealth Partners LLC now owns 117 shares of the cryptocurrency exchange’s stock worth $39,000 after acquiring an additional 32 shares during the period. West Family Investments Inc. boosted its holdings in Coinbase Global by 3.3% in the third quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock valued at $347,000 after acquiring an additional 33 shares during the last quarter. StoneX Group Inc. boosted its holdings in Coinbase Global by 1.8% in the second quarter. StoneX Group Inc. now owns 1,970 shares of the cryptocurrency exchange’s stock valued at $690,000 after acquiring an additional 34 shares during the last quarter. Finally, Forvis Mazars Wealth Advisors LLC increased its position in Coinbase Global by 3.4% during the 3rd quarter. Forvis Mazars Wealth Advisors LLC now owns 1,040 shares of the cryptocurrency exchange’s stock valued at $351,000 after purchasing an additional 34 shares during the period. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Alesia J. Haas sold 364,600 shares of Coinbase Global stock in a transaction on Friday, February 6th. The shares were sold at an average price of $154.95, for a total value of $56,494,770.00. Following the completion of the sale, the chief financial officer owned 402,165 shares of the company’s stock, valued at approximately $62,315,466.75. This trade represents a 47.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 2,750 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $260.09, for a total transaction of $715,247.50. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 509,650 shares of company stock worth $93,915,594 in the last ninety days. Corporate insiders own 16.56% of the company’s stock.

Coinbase Global Price Performance

COIN stock opened at $208.93 on Thursday. 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 company’s 50-day moving average is $203.43 and its 200-day moving average is $270.56. The stock has a market capitalization of $55.17 billion, a PE ratio of 47.59, a price-to-earnings-growth ratio of 2.62 and a beta of 3.70. Coinbase Global, Inc. has a 1 year low of $139.36 and a 1 year high of $444.64.

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

Coinbase Global News Roundup

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

• Positive Sentiment: White House/Policy support — Reports say CEO Brian Armstrong met privately with President Trump and Trump publicly backed a crypto market‑structure/stablecoin bill that could enable yield-bearing stablecoins and loosen bank resistance; this is the principal regulatory catalyst lifting COIN shares. Why Coinbase (COIN) Stock Is Trading Up Today
• Positive Sentiment: Crypto market tailwind — A sharp Bitcoin advance boosted exchange volumes and sentiment across crypto equities, providing an immediate revenue outlook lift for trading-dependent Coinbase. Coinbase Global Shares Surge 15% as Bitcoin Rally and Regulatory Optimism Fuel Crypto Stock Gains
• Positive Sentiment: Institutional/whale support — Cathie Wood’s ARK funds purchased millions of dollars of COIN shares, signaling conviction from active thematic managers and providing buying support during recent weakness. Cathie Wood’s Ark loads up on Coinbase, Robinhood as stocks slide on Iran conflict
• Positive Sentiment: Product/strategy diversification — Coinbase launched U.S. stock trading within its platform and is pushing staking, custody and USDC revenue paths to reduce reliance on spot trading. These moves improve long‑term revenue mix if adoption follows. Coinbase Launches U.S. Stock Trading Within Its Platform
• Neutral Sentiment: Regulatory scrutiny abroad — UK lawmakers pressed Coinbase on stablecoins, KYC and systemic risks; useful context for regulatory risk exposure but not an immediate U.S. catalyst. UK House of Lords press Coinbase exec on stablecoins, KYC and bank run fears
• Neutral Sentiment: Product pivot note — Management conceded the Base App SocialFi push underperformed and refocused on trading/self‑custody; signals prudent course correction but flags execution risk on consumer initiatives. Coinbase CEO Says Base App SocialFi Push Fell Short
• Negative Sentiment: Litigation risk — A Bloomberg Law story reports a suit targeting Coinbase executives over an alleged costly nondisclosure fallout; litigation headlines increase legal uncertainty and could pressure sentiment if material damages or governance issues emerge. Coinbase Brass Sued Over Costly Fallout Blamed on Nondisclosure
• Negative Sentiment: Banking industry pushback — JPMorgan’s Jamie Dimon publicly criticized crypto firms on stablecoin yield, underscoring powerful incumbent opposition that could shape legislative/regulatory outcomes and keep policy risk elevated. Jamie Dimon Fires Back At Coinbase: ‘If You Want To Be A Bank, Be A Bank’

Analyst Ratings Changes

A number of research analysts have recently issued reports on COIN shares. China Renaissance dropped their price target on shares of Coinbase Global from $301.50 to $223.20 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Sanford C. Bernstein restated an “outperform” rating and issued a $440.00 target price on shares of Coinbase Global in a report on Tuesday, January 6th. Mizuho cut their price target on shares of Coinbase Global from $280.00 to $170.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. President Capital lowered their price objective on Coinbase Global from $472.00 to $236.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Finally, Rothschild & Co Redburn cut their target price on Coinbase Global from $403.00 to $288.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Nineteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $270.67.

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.