4,135 Shares in Coinbase Global, Inc. $COIN Purchased by LFG Wealth Partners LLC

LFG Wealth Partners LLC bought a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN) during the 4th quarter, Holdings Channel reports. The institutional investor bought 4,135 shares of the cryptocurrency exchange’s stock, valued at approximately $935,000.

Several other institutional investors and hedge funds have also bought and sold shares of COIN. Integrated Wealth Concepts LLC raised its holdings in Coinbase Global by 24.2% during the first quarter. Integrated Wealth Concepts LLC now owns 2,119 shares of the cryptocurrency exchange’s stock worth $365,000 after acquiring an additional 413 shares in the last quarter. Empowered Funds LLC raised its holdings in Coinbase Global by 25.8% during the first quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange’s stock worth $1,478,000 after acquiring an additional 1,761 shares in the last quarter. Focus Partners Wealth raised its holdings in Coinbase Global by 9.9% during the first quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange’s stock worth $896,000 after acquiring an additional 467 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Coinbase Global during the second quarter worth about $285,000. Finally, Cerity Partners LLC raised its holdings in Coinbase Global by 8.6% during the second quarter. Cerity Partners LLC now owns 17,694 shares of the cryptocurrency exchange’s stock worth $6,203,000 after acquiring an additional 1,402 shares in the last quarter. Institutional investors own 68.84% of the company’s stock.

Insider Transactions at Coinbase Global

In other news, insider Paul Grewal sold 1,960 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $176.88, for a total value of $346,684.80. Following the transaction, the insider owned 84,753 shares of the company’s stock, valued at approximately $14,991,110.64. This represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 that occurred on Monday, June 1st. The shares were sold at an average price of $181.54, for a total value of $1,815,400.00. Following the completion of the transaction, the director directly owned 30,000 shares in the company, valued at $5,446,200. The trade was a 25.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 30,647 shares of company stock valued at $5,740,941. Company insiders own 16.66% of the company’s stock.

Coinbase Global News Roundup

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

• Positive Sentiment: Brian Armstrong said Bitcoin likely bottomed around $60,000 and remains “bullish as ever” on the asset, which may support Coinbase shares if crypto prices keep recovering. Brian Armstrong Is ‘Bullish As Ever’ On Bitcoin, Coinbase CEO Predicts BTC Price Will Be ‘Much Higher’ In 20230
• Positive Sentiment: Recent commentary highlighted bullish investor sentiment around Coinbase, including research noting the stock could benefit from its “Everything Exchange” strategy and new business lines beyond spot trading. Is Coinbase Global, Inc. (COIN) A Good Stock To Buy Now?
• Neutral Sentiment: Coinbase CEO Brian Armstrong called for reforms to U.S. accredited investor rules, arguing they unfairly exclude ordinary Americans from early-stage gains. The comments are notable for policy discussion, but they are not an immediate revenue driver. Coinbase CEO Brian Armstrong: ‘Time to Revisit’ US Accredited Investor Laws
• Neutral Sentiment: Mark Cuban’s jab at Armstrong over memecoins adds noise and social-media attention, but it does not materially change Coinbase’s fundamentals. Mark Cuban Says ‘Just Sell Em Memecoins’ To Brian Armstrong After Coinbase CEO Demands Reforms Of Investor Laws That Favor ‘Rich’ Investors
• Negative Sentiment: Some recent articles note that Coinbase’s stock has still been under pressure year to date, reflecting ongoing concerns about valuation and reliance on crypto-market momentum. Prediction: Coinbase Will Trade at This Price in 2027

Coinbase Global Price Performance

NASDAQ:COIN opened at $169.62 on Tuesday. 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 moving average price is $185.00 and its two-hundred day moving average price is $203.34. The firm has a market capitalization of $44.69 billion, a price-to-earnings ratio of 63.77, a P/E/G ratio of 5.08 and a beta of 3.32. Coinbase Global, Inc. has a 12-month low of $139.36 and a 12-month high of $444.64.

Coinbase Global (NASDAQ:COIN) last released 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 business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. Coinbase Global’s quarterly revenue was down 30.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. On average, analysts anticipate that Coinbase Global, Inc. will post 1.93 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. The Goldman Sachs Group upped their target price on Coinbase Global from $226.00 to $228.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Rothschild & Co Redburn upped their target price on Coinbase Global from $254.00 to $263.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Zacks Research upgraded Coinbase Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. President Capital upped their price objective on Coinbase Global from $236.00 to $264.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $240.00 price objective on shares of Coinbase Global in a research note on Wednesday, May 6th. Eighteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned 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 $250.23.

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.