Coinbase Global, Inc. $COIN Shares Sold by Flputnam Investment Management Co.

Flputnam Investment Management Co. decreased its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 52.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,454 shares of the cryptocurrency exchange’s stock after selling 44,060 shares during the quarter. Flputnam Investment Management Co.’s holdings in Coinbase Global were worth $8,922,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Coinbase Global by 8.3% in the 3rd quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock worth $8,847,905,000 after purchasing an additional 2,007,930 shares during the period. North Dakota State Investment Board acquired a new position in Coinbase Global in the 4th quarter worth about $1,626,000. Mizuho Markets Cayman LP acquired a new position in Coinbase Global in the 4th quarter worth about $33,921,000. Harvest Portfolios Group Inc. raised its holdings in Coinbase Global by 21.7% in the 4th quarter. Harvest Portfolios Group Inc. now owns 376,578 shares of the cryptocurrency exchange’s stock worth $85,159,000 after purchasing an additional 67,082 shares during the period. Finally, Artisan Partners Limited Partnership acquired a new position in Coinbase Global in the 3rd quarter worth about $224,663,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on COIN shares. Piper Sandler reduced their price target on Coinbase Global from $180.00 to $170.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Sanford C. Bernstein cut their price objective on Coinbase Global from $440.00 to $330.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. Monness Crespi & Hardt reiterated a “sell” rating and set a $110.00 price objective (down from $115.00) on shares of Coinbase Global in a research note on Friday, May 8th. Zacks Research upgraded Coinbase Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. Finally, Robert W. Baird cut their price objective on Coinbase Global from $200.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Nineteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given 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 $252.20.

Insider Buying and Selling

In other news, CFO Alesia J. Haas sold 10,020 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $200.00, for a total value of $2,004,000.00. Following the completion of the sale, the chief financial officer directly owned 377,201 shares in the company, valued at $75,440,200. This represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lawrence J. Brock sold 6,616 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider owned 517 shares of the company’s stock, valued at $97,718.17. This trade represents a 92.75% decrease in their ownership of the stock. 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 sold 36,606 shares of company stock valued at $7,264,410 over the last 90 days. Company insiders own 16.66% of the company’s stock.

Coinbase Global Price Performance

COIN stock opened at $173.78 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.14 and a quick ratio of 2.34. The business has a 50 day simple moving average of $189.42 and a 200-day simple moving average of $213.23. The firm has a market capitalization of $45.78 billion, a PE ratio of 65.33, a price-to-earnings-growth ratio of 6.44 and a beta of 3.38. 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, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. Coinbase Global’s revenue for the quarter was down 30.5% on a year-over-year basis. During the same quarter last year, the company earned $0.24 earnings per share. Equities research analysts anticipate that Coinbase Global, Inc. will post 1.72 earnings per share for the current fiscal year.

Key Coinbase Global News

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

• Positive Sentiment: Coinbase expanded its institutional fiat infrastructure through a partnership with Standard Chartered, adding multi-currency funding support in six major currencies. The move should make deposits, withdrawals, and settlement easier for global institutional clients and could support longer-term trading volume. Coinbase, Standard Chartered Partner to Add 6 Currency Access
• Positive Sentiment: Coinbase also pushed further into AI-linked crypto payments with Base MCP, a tool that lets AI assistants like ChatGPT and Claude interact with wallets and execute on-chain actions. That could help position Coinbase’s Base network in an emerging “agentic commerce” trend. Base launches new tool to connect crypto wallets to AI agents
• Positive Sentiment: Coinbase upgraded its U.S. Direct Deposit product, allowing customers to automatically split paychecks between cash and crypto. This could improve user engagement and make recurring investing easier. Coinbase Automates Crypto Investing via Upgraded Direct Deposit
• Neutral Sentiment: Several commentary pieces suggest COIN may be stuck in a trading range and that valuations remain dependent on sustained crypto-market momentum rather than just product announcements. Stock Of The Day: Is This The New Range For Coinbase?
• Neutral Sentiment: Analysts also highlighted weakness in Bitcoin demand and negative Coinbase Premium signals, which point to softer crypto buying interest and can weigh on Coinbase’s near-term trading and transaction outlook. Sell in May and Walk Away” Plays Out as Bitcoin Flashes Bearish Signals
• Negative Sentiment: Insider selling from Lawrence J. Brock may be read cautiously by investors, even though the transaction was made under a pre-arranged trading plan. Coinbase Global Price Performance

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.