Frederick Wilson Sells 10,000 Shares of Coinbase Global (NASDAQ:COIN) Stock

Coinbase Global, Inc. (NASDAQ:COIN) Director Frederick Wilson sold 10,000 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $159.09, for a total value of $1,590,900.00. Following the completion of the sale, the director owned 20,000 shares of the company’s stock, valued at $3,181,800. The trade was a 33.33% decrease in their position. 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.

Coinbase Global Price Performance

Shares of Coinbase Global stock opened at $163.51 on Wednesday. The company has a market capitalization of $43.08 billion, a price-to-earnings ratio of 61.47, a PEG ratio of 5.96 and a beta of 3.35. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.44. The stock’s 50-day simple moving average is $175.80 and its 200-day simple moving average is $191.28. Coinbase Global, Inc. has a 52 week low of $139.18 and a 52 week high of $444.64.

Coinbase Global (NASDAQ:COIN) last released its 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). Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the business posted $0.24 EPS. The business’s revenue for the quarter was down 30.5% compared to the same quarter last year. As a group, analysts expect that Coinbase Global, Inc. will post 1.74 earnings per share for the current fiscal year.

More Coinbase Global News

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

• Positive Sentiment: Coinbase gained U.K. approval to offer investment services, including stock trading and derivatives, opening a new growth avenue beyond crypto and reinforcing its “everything exchange” strategy. Coinbase Gets U.K. Approval To Offer Stock Trading
• Positive Sentiment: Coverage highlighted Coinbase’s push into traditional financial products, which could increase engagement and diversify revenue over time. Coinbase gets UK license to expand into derivatives, equities
• Positive Sentiment: Analyst and commentary pieces continue to frame Coinbase as an important institutional crypto platform, supporting the bullish long-term narrative. Coinbase Global: The Institutional Gateway To Crypto
• Neutral Sentiment: Coinbase also announced it will participate in Citi’s Global TMT Conference, which is more of an investor-relations event than a direct business catalyst. Coinbase to Participate in Citi’s 2025 Global TMT Conference
• Neutral Sentiment: A separate article noted ongoing interest in prediction markets and tokenized assets, but the impact on Coinbase is indirect and not clearly immediate. Polymarket’s World Cup Bets Hit $3.9 Billion. Now Trump and Zuckerberg Want A Piece.
• Negative Sentiment: A director sold 10,000 shares in a pre-arranged transaction, which can pressure sentiment even though it does not necessarily signal a change in fundamentals. Frederick Wilson Sells 10,000 Shares of Coinbase Global (NASDAQ:COIN) Stock
• Negative Sentiment: Some market commentary compared Coinbase unfavorably with Visa, pointing to Coinbase’s weaker recent revenue trends and softer crypto volumes. Visa vs Coinbase: Two Different Economic Playbooks But One Winner

Analysts Set New Price Targets

Several equities analysts recently weighed in on COIN shares. Sanford C. Bernstein cut their target price on shares of Coinbase Global from $440.00 to $330.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. JPMorgan Chase & Co. increased their price objective on shares of Coinbase Global from $252.00 to $290.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Benchmark restated a “buy” rating and set a $270.00 price objective on shares of Coinbase Global in a research report on Wednesday, June 17th. Barclays reaffirmed an “underweight” rating on shares of Coinbase Global in a report on Wednesday, June 17th. Finally, The Goldman Sachs Group boosted their target price on Coinbase Global from $226.00 to $228.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $250.65.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Coinbase Global by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 26,400,836 shares of the cryptocurrency exchange’s stock valued at $5,970,285,000 after purchasing an additional 184,043 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Coinbase Global by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 6,098,062 shares of the cryptocurrency exchange’s stock valued at $1,374,080,000 after purchasing an additional 189,080 shares during the last quarter. Paradigm Operations LP raised its holdings in Coinbase Global by 3.3% during the 4th quarter. Paradigm Operations LP now owns 4,262,458 shares of the cryptocurrency exchange’s stock valued at $963,912,000 after buying an additional 134,425 shares during the period. Norges Bank purchased a new stake in Coinbase Global during the 4th quarter valued at $656,744,000. Finally, ARK Investment Management LLC lifted its position in Coinbase Global by 6.1% in the fourth quarter. ARK Investment Management LLC now owns 2,541,928 shares of the cryptocurrency exchange’s stock worth $574,832,000 after buying an additional 146,388 shares during the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

About Coinbase Global

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.