Coinbase Global, Inc. $COIN Shares Purchased by Optas LLC

Optas LLC raised its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 77.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,411 shares of the cryptocurrency exchange’s stock after purchasing an additional 7,172 shares during the period. Coinbase Global accounts for approximately 0.9% of Optas LLC’s portfolio, making the stock its 20th largest holding. Optas LLC’s holdings in Coinbase Global were worth $5,539,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Evelyn Partners Investment Management Europe Ltd lifted its stake in Coinbase Global by 92.3% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock valued at $29,000 after buying an additional 36 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in Coinbase Global during the second quarter worth $30,000. City State Bank purchased a new position in Coinbase Global during the second quarter worth $33,000. Financial Gravity Companies Inc. acquired a new position in shares of Coinbase Global in the second quarter worth $34,000. Finally, Fourth Dimension Wealth LLC lifted its position in shares of Coinbase Global by 300.0% in the second quarter. Fourth Dimension Wealth LLC now owns 100 shares of the cryptocurrency exchange’s stock valued at $35,000 after acquiring an additional 75 shares in the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO Emilie Choi sold 100,000 shares of Coinbase Global stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $310.88, for a total value of $31,088,000.00. Following the transaction, the chief operating officer owned 187,802 shares in the company, valued at approximately $58,383,885.76. This trade represents a 34.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Armstrong sold 40,000 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $271.87, for a total value of $10,874,800.00. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 833,179 shares of company stock valued at $250,839,195. 16.56% of the stock is currently owned by company insiders.

Key Coinbase Global News

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

• Positive Sentiment: Acquisition accelerates prediction?market push — Coinbase agreed to buy The Clearing Company to scale prediction markets as part of its “Everything Exchange” strategy; this could create a new fees-and?engagement revenue stream if it scales. Coinbase doubles down on prediction markets (Reuters)
• Positive Sentiment: Klarna partnership expands institutional USDC use — Klarna will integrate USDC funding via Coinbase, pointing to larger institutional flows and custody demand on Coinbase rails. Klarna partners with Coinbase (Bitcoin.com)
• Positive Sentiment: Product expansion widens addressable market — Coinbase is enabling businesses to create stablecoins and supporting third?party zero?fee USDC on?ramps, which can boost transaction volume and platform stickiness over time. Coinbase to allow businesses to create stablecoins (Crowdfund Insider)
• Neutral Sentiment: Regional flow signal — Coinbase Premium data shows U.S. selling while Asia is buying the dip; supports higher turnover but doesn’t directly change Coinbase’s fundamentals. Coinbase Premium shows US selling / Asia buying (Blockonomi)
• Neutral Sentiment: Tokenization & analyst chatter — Coverage compares Coinbase to other tokenization players and highlights potential, but monetization timelines remain unclear and are unlikely to move the stock without concrete metrics. Tokenization comparison (CoinJournal)
• Negative Sentiment: CEO insider selling — CEO Brian Armstrong sold 40,000 shares (~$10.0M) on Dec. 22 (SEC filing). Large, recent CEO dispositions are often read negatively by the market even when explained by diversification or tax planning. Armstrong insider sale (InsiderTrades)
• Negative Sentiment: Additional insider selling — Director Fred Ehrsam also sold shares recently; multiple insider sales across leadership can amplify investor concern about near?term sentiment. Director sale (InsiderTrades)
• Negative Sentiment: Regulatory & legal risk — Coinbase sued Michigan arguing sports?betting laws don’t apply to prediction markets; state?level pushback and litigation raise execution risk for the new product line. Coinbase sues over Michigan rules (MLive)
• Negative Sentiment: Market skepticism on pivot — Some analysts and press question how quickly Coinbase can monetize and scale these initiatives; that skepticism can cap multiple expansion until results are visible. Ambitious pivot faces skepticism (Aktiencheck)

Coinbase Global Price Performance

COIN opened at $242.30 on Wednesday. Coinbase Global, Inc. has a 1 year low of $142.58 and a 1 year high of $444.64. The company’s 50 day simple moving average is $289.59 and its 200 day simple moving average is $318.85. The stock has a market capitalization of $65.33 billion, a PE ratio of 20.96 and a beta of 3.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.40 and a current ratio of 2.40.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.40. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. Coinbase Global’s revenue was up 55.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share. As a group, sell-side analysts expect that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on COIN. Argus reiterated a “hold” rating on shares of Coinbase Global in a research report on Tuesday, November 25th. Bank of America lowered their price target on shares of Coinbase Global from $369.00 to $340.00 in a report on Wednesday, October 1st. Compass Point set a $230.00 price objective on shares of Coinbase Global in a research report on Monday, December 15th. Citigroup restated a “market outperform” rating on shares of Coinbase Global in a research report on Thursday, December 18th. Finally, The Goldman Sachs Group set a $294.00 target price on shares of Coinbase Global and gave the stock a “neutral” rating in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Coinbase Global has a consensus rating of “Moderate Buy” and an average price target of $383.54.

Coinbase Global Company 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.