Trilogy Capital Inc. Acquires 8,565 Shares of Coinbase Global, Inc. $COIN

Trilogy Capital Inc. grew its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 539.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,152 shares of the cryptocurrency exchange’s stock after buying an additional 8,565 shares during the period. Trilogy Capital Inc.’s holdings in Coinbase Global were worth $1,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank bought a new stake in Coinbase Global in the 4th quarter valued at $656,744,000. Capital World Investors grew its position in shares of Coinbase Global by 847.2% during the fourth quarter. Capital World Investors now owns 1,536,534 shares of the cryptocurrency exchange’s stock valued at $347,472,000 after purchasing an additional 1,374,318 shares in the last quarter. Ruffer LLP bought a new stake in shares of Coinbase Global in the fourth quarter worth about $166,515,000. Janus Henderson Group PLC lifted its position in shares of Coinbase Global by 2,597.8% in the fourth quarter. Janus Henderson Group PLC now owns 549,304 shares of the cryptocurrency exchange’s stock worth $124,221,000 after buying an additional 528,943 shares in the last quarter. Finally, Cria Inc. bought a new position in Coinbase Global during the fourth quarter valued at approximately $111,184,000. Institutional investors own 68.84% of the company’s stock.

Insider Buying and Selling

In related news, insider Lawrence J. Brock sold 6,616 shares of Coinbase Global stock in a transaction dated 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 completion of the sale, the insider owned 517 shares in the company, valued at $97,718.17. This trade represents a 92.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,051 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $158.15, for a total transaction of $324,365.65. 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 a total of 30,647 shares of company stock worth $5,740,941 over the last ninety days. Corporate insiders own 16.66% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on COIN shares. Benchmark reaffirmed a “buy” rating and set a $270.00 price objective on shares of Coinbase Global in a report on Wednesday, June 17th. Cantor Fitzgerald restated an “overweight” rating and issued a $250.00 price target on shares of Coinbase Global in a research report on Wednesday, June 17th. Wedbush set a $224.00 price objective on shares of Coinbase Global in a research report on Friday, May 8th. Rosenblatt Securities reissued a “buy” rating and issued a $240.00 price objective on shares of Coinbase Global in a research note on Wednesday, June 17th. Finally, Piper Sandler reduced their target price on shares of Coinbase Global from $180.00 to $170.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $250.65.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Coinbase secured a MiCA license in Luxembourg, giving it access to offer regulated crypto services across all 27 EU member states. That expands its international growth opportunity and signals progress on regulatory compliance. Coinbase (COIN) Secures MiCA License And Opens Luxembourg Hub For 27 EU States
• Positive Sentiment: ARK Invest reportedly bought more Coinbase shares during the recent pullback, a sign that a high-profile investor sees value at lower prices. ARK Invest Doubles Down on Coinbase (COIN), Circle, and Robinhood (HOOD) During Market Pullback
• Neutral Sentiment: Coinbase’s Base blockchain recovered after a roughly two-hour outage caused by a consensus issue and invalid block. The incident was temporary, but it may keep attention on operational reliability for Coinbase’s ecosystem. Coinbase’s Base resumes block production after 2-hour outage
• Negative Sentiment: The Base outage itself highlights execution risk in Coinbase’s layer-2 network and could weigh on sentiment if investors worry about infrastructure stability. Base Network Stalls After Invalid Block Freezes Sequencer
• Negative Sentiment: Broader crypto weakness is also a headwind: Ether plunged sharply, and articles noted a wider selloff across major tech and crypto-related names. Since Coinbase is highly tied to crypto trading volumes and market sentiment, weaker crypto prices can pressure the stock. Tether stablecoin flips Ether by market cap as ETH routs to $1.5K

Coinbase Global Stock Performance

COIN stock opened at $149.06 on Monday. The firm’s fifty day simple moving average is $181.75 and its two-hundred day simple moving average is $196.32. The stock has a market capitalization of $39.27 billion, a price-to-earnings ratio of 56.04, a price-to-earnings-growth ratio of 5.26 and a beta of 3.32. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.44. Coinbase Global, Inc. has a twelve month low of $139.18 and a twelve month high of $444.64.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the company earned $0.24 earnings per share. The business’s revenue for the quarter was down 30.5% compared to the same quarter last year. As a group, analysts anticipate that Coinbase Global, Inc. will post 1.74 earnings per share for the current year.

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.