Audent Global Asset Management LLC Acquires 9,420 Shares of Coinbase Global, Inc. $COIN

Audent Global Asset Management LLC lifted its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 362.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,019 shares of the cryptocurrency exchange’s stock after purchasing an additional 9,420 shares during the period. Coinbase Global comprises 1.1% of Audent Global Asset Management LLC’s holdings, making the stock its 21st biggest position. Audent Global Asset Management LLC’s holdings in Coinbase Global were worth $2,718,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MV Capital Management Inc. purchased a new stake in Coinbase Global during the fourth quarter worth $27,000. Palisade Asset Management LLC purchased a new position in shares of Coinbase Global in the 3rd quarter valued at $29,000. Brooklands Fund Management Ltd bought a new position in shares of Coinbase Global in the 4th quarter worth $34,000. Foster Dykema Cabot & Partners LLC bought a new position in shares of Coinbase Global in the 3rd quarter worth $35,000. Finally, Stephens Consulting LLC grew its position in shares of Coinbase Global by 99.0% in the 4th quarter. Stephens Consulting LLC now owns 201 shares of the cryptocurrency exchange’s stock worth $45,000 after buying an additional 100 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on COIN shares. Bank of America decreased their price objective on shares of Coinbase Global from $288.00 to $234.00 in a research report on Thursday, April 2nd. Wedbush set a $224.00 price target on shares of Coinbase Global in a report on Friday, May 8th. B. Riley Financial lowered their price objective on Coinbase Global from $243.00 to $203.00 and set a “neutral” rating on the stock in a report on Monday, June 1st. Mizuho boosted their price objective on Coinbase Global from $170.00 to $200.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. Finally, Jefferies Financial Group increased their target price on Coinbase Global from $151.00 to $181.00 and gave the company a “hold” rating in a report on Thursday, April 9th. Eighteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $250.65.

Coinbase Global Stock Performance

Shares of COIN stock opened at $163.26 on Friday. Coinbase Global, Inc. has a 1-year low of $139.36 and a 1-year high of $444.64. The firm has a market cap of $43.01 billion, a PE ratio of 61.38, a price-to-earnings-growth ratio of 5.76 and a beta of 3.32. The company has a 50-day moving average of $184.28 and a two-hundred day moving average of $200.91. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.14 and a quick ratio of 2.14.

Coinbase Global (NASDAQ:COIN) last released 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). Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the firm posted $0.24 earnings per share. Coinbase Global’s revenue was down 30.5% on a year-over-year basis. On average, analysts predict that Coinbase Global, Inc. will post 1.74 EPS for the current year.

Coinbase Global News Summary

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

• Positive Sentiment: ARK Invest continued buying Coinbase shares, and Jefferies said Coinbase’s push into tokenized equities and AI could expand its addressable market. Cathie Wood’s Ark Invest Sells Robinhood Stock Into 8% Rally, Loads Up On Coinbase And Block
• Positive Sentiment: Coinbase launched tokenized stocks and an AI advisor, reinforcing its move beyond crypto trading into a broader “everything” platform. Coinbase (COIN) Launches Tokenized Stocks And AI Advisor Beyond Crypto
• Positive Sentiment: Coinbase Ventures invested in Multipli through the Base Ecosystem Fund, supporting growth in tokenized assets and institutional credit infrastructure. Coinbase Ventures Invests in Multipli
• Neutral Sentiment: Shareholders re-elected the board and ratified Deloitte as auditor, a routine governance update with limited direct trading impact. Coinbase Shareholders Reelect Board, Ratify Deloitte Auditor
• Neutral Sentiment: Bitcoin-related flows were said to be easing, with Coinbase exchange inflows from mid-sized investors hitting their lowest levels since early April, which may reduce near-term selling pressure on crypto markets. Bitcoin traders expect new lows but data cautions against overly bearish bias
• Negative Sentiment: Kentucky sued Kalshi and Polymarket over alleged illegal sports betting, also naming Coinbase-linked prediction market activity in the legal fight, adding regulatory overhang. Kentucky sues Kalshi, Polymarket, joining prediction market legal battle
• Negative Sentiment: Satori Finance, a Coinbase-backed project, said it will wind down operations due to weak market conditions, another sign of pressure in crypto-related venture activity. Coinbase-Backed Satori Finance Says It Will Wind Down Operations

Insider Buying and Selling

In other Coinbase Global news, insider Lawrence J. Brock sold 6,616 shares of the company’s 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 transaction, the insider directly owned 517 shares in the company, valued at $97,718.17. This represents a 92.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 10,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $181.54, for a total value of $1,815,400.00. Following the transaction, the director owned 30,000 shares in the company, valued at $5,446,200. This trade represents a 25.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 30,647 shares of company stock valued at $5,740,941 over the last quarter. 16.66% of the stock is owned by corporate insiders.

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.