Waverly Advisors LLC Increases Stock Position in Coinbase Global, Inc. $COIN

Waverly Advisors LLC increased its position in Coinbase Global, Inc. (NASDAQ:COIN) by 1,311.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,666 shares of the cryptocurrency exchange’s stock after buying an additional 34,068 shares during the quarter. Waverly Advisors LLC’s holdings in Coinbase Global were worth $5,360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in COIN. California State Teachers Retirement System increased its stake in Coinbase Global by 14,352.9% during the second quarter. California State Teachers Retirement System now owns 46,883,279 shares of the cryptocurrency exchange’s stock worth $6,853,867,000 after acquiring an additional 46,558,893 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Coinbase Global by 3.2% in 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 in the last quarter. Paradigm Operations LP lifted its stake in shares of Coinbase Global by 3.3% in the 4th quarter. Paradigm Operations LP now owns 4,262,458 shares of the cryptocurrency exchange’s stock valued at $963,912,000 after purchasing an additional 134,425 shares in the last quarter. Norges Bank purchased a new stake in shares of Coinbase Global during the 4th quarter worth about $656,744,000. Finally, ARK Investment Management LLC grew its holdings in shares of Coinbase Global by 6.1% during the 4th quarter. ARK Investment Management LLC now owns 2,541,928 shares of the cryptocurrency exchange’s stock worth $574,832,000 after purchasing an additional 146,388 shares during the period. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Insider Buying and Selling at Coinbase Global

In related news, CAO Jennifer N. Jones sold 2,062 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $188.75, for a total value of $389,202.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Marc L. Andreessen sold 13,676 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $181.14, for a total value of $2,477,270.64. Following the completion of the transaction, the director directly owned 1,136,324 shares of the company’s stock, valued at $205,833,729.36. This represents a 1.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 70,806 shares of company stock valued at $11,307,687 in the last ninety days. Insiders own 16.66% of the company’s stock.

Coinbase Global Stock Down 1.4%

Shares of NASDAQ:COIN opened at $172.28 on Friday. The company has a market capitalization of $45.45 billion, a price-to-earnings ratio of -44.86 and a beta of 3.39. The company has a 50 day moving average of $165.24 and a two-hundred day moving average of $175.91. Coinbase Global, Inc. has a 52-week low of $139.11 and a 52-week high of $402.16. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.45.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.92). The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. Coinbase Global’s revenue for the quarter was down 18.5% compared to the same quarter last year. During the same quarter last year, the company posted $5.14 earnings per share. As a group, analysts forecast that Coinbase Global, Inc. will post -0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

COIN has been the topic of several research reports. Compass Point restated a “sell” rating on shares of Coinbase Global in a report on Monday, June 1st. UBS Group set a $155.00 price objective on shares of Coinbase Global in a research note on Friday, July 31st. B. Riley Financial dropped their price objective on shares of Coinbase Global from $243.00 to $203.00 and set a “neutral” rating for the company in a research report on Monday, June 1st. Argus reissued a “hold” rating on shares of Coinbase Global in a research note on Wednesday, August 26th. Finally, Rosenblatt Securities restated a “buy” rating and set a $240.00 target price on shares of Coinbase Global in a report on Tuesday, July 28th. Eighteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $218.74.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Coinbase partnered with payments infrastructure provider Moov to bring stablecoin acceptance, settlement and real-time funding to more than 1,000 U.S. community banks and credit unions. The initiative could expand Coinbase’s institutional reach and create additional transaction and custody revenue opportunities. Coinbase partners with Moov to boost community bank stablecoin capabilities before Clarity vote
• Positive Sentiment: CEO Brian Armstrong said stablecoin payment flows could become a major growth driver, projecting significant expansion in the stablecoin market by 2030. He also argued that Bitcoin’s current cycle may have bottomed and reiterated that a $400,000 Bitcoin price by 2030 is a reasonable long-term target. These comments support the company’s growth narrative, although they are forecasts rather than new financial results. Coinbase CEO Confident Stablecoin Payments Will Fuel Growth
• Positive Sentiment: Management continues to broaden Coinbase beyond spot crypto trading through its “Everything Exchange” strategy, tokenized assets, prediction-market infrastructure for Kalshi and expanded USDC yield products in Brazil. Greater product diversification could reduce reliance on transaction revenue over time.
• Neutral Sentiment: Morgan Stanley initiated coverage with an Equal Weight rating and a $250 price target, reflecting substantial potential upside from recent levels but caution that Coinbase remains closely tied to the volatile crypto cycle. Morgan Stanley rates Coinbase as Hold equivalent, with price target set at $250
• Neutral Sentiment: Armstrong said U.S. crypto regulation could advance through SEC and CFTC rulemaking even if the Senate’s September 15 vote on the CLARITY Act fails. The prospect of eventual clarity is favorable, but the vote remains a near-term uncertainty for investors.
• Negative Sentiment: Director Marc Andreessen sold 13,676 shares worth approximately $2.5 million under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by 1.19% and may weigh modestly on sentiment, despite being scheduled in advance. SEC insider transaction filing
• Negative Sentiment: Bitcoin’s recent decline and broader crypto-market weakness are immediate headwinds for Coinbase’s trading activity, revenue and earnings outlook. The company’s latest reported quarter also showed an earnings and revenue miss, underscoring ongoing operating sensitivity to market conditions.

Coinbase Global Profile

Coinbase Global, Inc operates a digital asset and cryptocurrency platform serving retail users, institutions, developers and ecosystem partners. Through its exchange, customers can buy, sell, convert, store and transfer a range of cryptocurrencies and other digital assets. The company also provides an advanced trading platform for more experienced users and services designed for institutional trading and market access.

Its product offerings include custodial services, institutional prime brokerage and custody, staking services, a self-custody wallet, and tools that enable developers and businesses to build applications using blockchain networks.