Coinbase Global, Inc. $COIN Shares Sold by SVB Wealth LLC

SVB Wealth LLC lowered its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 25.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,103 shares of the cryptocurrency exchange’s stock after selling 4,426 shares during the quarter. SVB Wealth LLC’s holdings in Coinbase Global were worth $1,916,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. L2 Asset Management LLC lifted its position in Coinbase Global by 5.0% during the 3rd quarter. L2 Asset Management LLC now owns 965 shares of the cryptocurrency exchange’s stock worth $326,000 after acquiring an additional 46 shares during the period. Ancora Advisors LLC grew its stake in shares of Coinbase Global by 4.5% in the 3rd quarter. Ancora Advisors LLC now owns 1,174 shares of the cryptocurrency exchange’s stock valued at $396,000 after purchasing an additional 51 shares during the last quarter. Fulton Bank N.A. increased its holdings in shares of Coinbase Global by 1.1% in the first quarter. Fulton Bank N.A. now owns 4,942 shares of the cryptocurrency exchange’s stock valued at $863,000 after purchasing an additional 53 shares during the period. MGO One Seven LLC raised its stake in shares of Coinbase Global by 1.5% during the fourth quarter. MGO One Seven LLC now owns 4,321 shares of the cryptocurrency exchange’s stock worth $977,000 after purchasing an additional 63 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC raised its stake in shares of Coinbase Global by 2.1% during the third quarter. Moneta Group Investment Advisors LLC now owns 3,174 shares of the cryptocurrency exchange’s stock worth $1,071,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global News Summary

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

• Positive Sentiment: Coinbase selected ION’s XTP for Event Contracts to support clearing for Kalshi, strengthening the company’s infrastructure as it expands into prediction markets. The partnership could create additional transaction and technology revenue opportunities. ION partners with Coinbase to support Kalshi’s event contracts
• Positive Sentiment: Coinbase is expanding its Morpho-powered DeFi Earn product to Brazil, allowing eligible customers to earn additional rewards on USDC without a lock-up period. The move supports international growth and could increase stablecoin balances and on-chain activity. Coinbase Expands USDC Stablecoin Rewards via Morpho Onchain Lending to Brazil
• Positive Sentiment: Coinbase continues to promote tokenized stocks and on-chain finance, positioning itself for potential growth if digital-asset regulation becomes clearer and traditional financial products move onto blockchain networks. CLARITY Act Senate Vote Set for September 15 as Coinbase Pushes Tokenized Stocks
• Neutral Sentiment: The Senate’s planned September 15 procedural vote on the CLARITY Act is a major near-term catalyst. Passage could provide regulatory clarity, but the bill may lack the 60 votes needed to advance, leaving the timing and impact uncertain. CLARITY Act Vote Hinges on Critical Ethics Talks For Democrat Support
• Neutral Sentiment: Coinbase’s investor presentation at the Goldman Sachs Communacopia and Technology Conference kept management’s strategy in focus, but the transcript headline provides no specific new earnings guidance or material forecast revision. Coinbase Global Presents at Goldman Sachs Conference
• Negative Sentiment: Congressional scheduling changes and an early recess could delay consideration of crypto-market legislation, extending regulatory uncertainty for Coinbase and other digital-asset businesses. Congress Recess Plans Throws Another Roadblock Up for Crypto Bill
• Negative Sentiment: Zcash’s sharp rally highlights investor interest in privacy-focused cryptocurrencies, potentially diverting speculative capital from Coinbase’s broader trading ecosystem and emphasizing the volatility of crypto-asset demand. Zcash Is Up More Than 2,000% in a Year

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Compass Point reiterated a “sell” rating on shares of Coinbase Global in a research report on Monday, June 1st. UBS Group set a $155.00 price objective on shares of Coinbase Global in a research report on Friday, July 31st. Needham & Company LLC reduced their target price on shares of Coinbase Global from $220.00 to $177.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Zacks Research cut shares of Coinbase Global from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 5th. Finally, Raymond James Financial started coverage on shares of Coinbase Global in a report on Wednesday, July 22nd. They issued a “market perform” rating on the stock. Eighteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, Coinbase Global currently has a consensus rating of “Hold” and a consensus price target of $217.66.

Coinbase Global Trading Down 2.4%

Shares of COIN stock opened at $174.72 on Thursday. The business’s fifty day moving average price is $165.10 and its 200 day moving average price is $175.91. The firm has a market capitalization of $46.10 billion, a PE ratio of -45.50 and a beta of 3.39. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.42 and a quick ratio of 2.42. Coinbase Global, Inc. has a 1-year low of $139.11 and a 1-year high of $402.16.

Coinbase Global (NASDAQ:COIN) last released its earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.92). The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.29 billion. Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. Coinbase Global’s revenue was down 18.5% compared to the same quarter last year. During the same period last year, the business posted $5.14 EPS. As a group, sell-side analysts forecast that Coinbase Global, Inc. will post -0.39 EPS for the current fiscal year.

Insider Transactions at Coinbase Global

In other news, CAO Jennifer Jones sold 2,062 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $188.75, for a total value of $389,202.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick Wilson sold 35,068 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $144.32, for a total transaction of $5,061,013.76. 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 a total of 57,130 shares of company stock valued at $8,830,416 in the last quarter. Insiders own 16.66% of the company’s stock.

Coinbase Global Company Profile

Coinbase Global, Inc operates a digital asset and cryptocurrency platform serving retail users, institutions, developers and ecosystem partners. Through its exchange, customers can buy, sell, convert, store and transfer a range of cryptocurrencies and other digital assets. The company also provides an advanced trading platform for more experienced users and services designed for institutional trading and market access.

Its product offerings include custodial services, institutional prime brokerage and custody, staking services, a self-custody wallet, and tools that enable developers and businesses to build applications using blockchain networks.