Boyd Watterson Asset Management LLC OH Sells 4,517 Shares of Coinbase Global, Inc. $COIN

Boyd Watterson Asset Management LLC OH lowered its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 91.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 431 shares of the cryptocurrency exchange’s stock after selling 4,517 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Coinbase Global were worth $75,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. MV Capital Management Inc. bought a new position in shares of Coinbase Global during the fourth quarter valued at approximately $27,000. Palisade Asset Management LLC purchased a new position in shares of Coinbase Global in the 3rd quarter valued at $29,000. Osbon Capital Management LLC bought a new position in shares of Coinbase Global in the 4th quarter worth $30,000. Brooklands Fund Management Ltd purchased a new stake in shares of Coinbase Global during the 4th quarter worth $34,000. Finally, Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Coinbase Global during the 3rd quarter worth $35,000. 68.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. lifted their target price on Coinbase Global from $252.00 to $290.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Bank of America lowered their price target on shares of Coinbase Global from $288.00 to $234.00 in a report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $208.00 price objective on shares of Coinbase Global in a research report on Wednesday, June 17th. Benchmark reiterated a “buy” rating and set a $270.00 price objective on shares of Coinbase Global in a research note on Wednesday, June 17th. Finally, KeyCorp reissued a “sector weight” rating on shares of Coinbase Global in a research report on Wednesday, June 17th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Coinbase Global presently has an average rating of “Hold” and a consensus price target of $250.65.

Coinbase Global Price Performance

Shares of NASDAQ COIN opened at $165.48 on Friday. Coinbase Global, Inc. has a fifty-two week low of $139.18 and a fifty-two week high of $444.64. The company has a market cap of $43.60 billion, a PE ratio of 62.21, a P/E/G ratio of 5.62 and a beta of 3.35. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.14 and a current ratio of 2.14. The business has a 50-day simple moving average of $177.92 and a two-hundred day simple moving average of $193.03.

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

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Coinbase is part of the newly launched Global Stablecoin Initiative/Open USD effort alongside Visa, Mastercard, and BNY, which could expand its role in mainstream digital payments and stablecoin infrastructure. Article Title
• Positive Sentiment: Crypto-linked stocks, including Coinbase, are participating in a broader bounce across the sector, helping sentiment after weakness in recent weeks. Article Title
• Neutral Sentiment: Coinbase Ventures was named as a backer of Venice AI’s new funding round, reinforcing Coinbase’s ongoing exposure to venture investing themes, though the direct stock impact appears limited. Article Title
• Neutral Sentiment: Coinbase CEO Brian Armstrong made headlines with comments on U.S. debt, fiscal safeguards, and AI/cybersecurity, but these were mostly policy and opinion pieces rather than direct business updates. Article Title
• Negative Sentiment: One analysis argued Coinbase is “further losing its grip,” reflecting concern that competitive pressure and shifting stablecoin economics could weigh on long-term growth. Article Title
• Negative Sentiment: Another report noted the Coinbase Premium has stayed negative, a sign that U.S. Bitcoin demand remains softer than on global venues and may temper trading enthusiasm. Article Title

Insider Activity at Coinbase Global

In other news, CAO Jennifer N. Jones sold 2,051 shares of Coinbase Global stock in a transaction on Friday, June 5th. The shares were sold at an average price of $158.15, for a total transaction of $324,365.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lawrence J. Brock sold 6,616 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $189.01, for a total transaction of $1,250,490.16. Following the sale, the insider directly owned 517 shares in the company, valued at $97,718.17. This trade represents a 92.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 30,647 shares of company stock worth $5,740,941 in the last 90 days. 16.66% of the stock is owned by insiders.

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.