Capstone Capital Management Ltd Purchases 4,910 Shares of Coinbase Global, Inc. $COIN

Capstone Capital Management Ltd acquired a new stake in Coinbase Global, Inc. (NASDAQ:COIN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,910 shares of the cryptocurrency exchange’s stock, valued at approximately $915,000.

A number of other large investors have also modified their holdings of COIN. Lauterbach Financial Advisors LLC purchased a new stake in shares of Coinbase Global during the 3rd quarter worth about $207,000. Physician Wealth Advisors Inc. grew its position in shares of Coinbase Global by 53.7% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 229 shares of the cryptocurrency exchange’s stock valued at $43,000 after acquiring an additional 80 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Coinbase Global by 5.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 27,958 shares of the cryptocurrency exchange’s stock valued at $5,212,000 after acquiring an additional 1,529 shares during the period. Integrated Advisors Network LLC purchased a new position in shares of Coinbase Global in the 3rd quarter valued at about $272,000. Finally, Diversify Advisory Services LLC purchased a new position in shares of Coinbase Global in the 3rd quarter valued at about $327,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insider Buying and Selling at Coinbase Global

In other news, Director Frederick Wilson sold 35,068 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $144.32, for a total transaction of $5,061,013.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Marc Andreessen sold 13,676 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $186.18, for a total value of $2,546,197.68. Following the completion of the sale, the director directly owned 1,115,810 shares of the company’s stock, valued at approximately $207,741,505.80. This represents a 1.21% 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 90 days, insiders sold 127,188 shares of company stock valued at $23,029,558. Company insiders own 16.66% of the company’s stock.

Coinbase Global Trading Up 1.4%

Shares of COIN opened at $170.85 on Wednesday. Coinbase Global, Inc. has a 52-week low of $139.11 and a 52-week high of $373.25. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.45. The firm’s fifty day moving average is $179.09 and its two-hundred day moving average is $175.16. The stock has a market cap of $45.08 billion, a PE ratio of -44.49 and a beta of 3.41.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.92). Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm posted $5.14 earnings per share. The business’s revenue was down 18.5% compared to the same quarter last year. Research analysts forecast that Coinbase Global, Inc. will post -0.54 earnings per share for the current fiscal year.

Key Coinbase Global News

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

• Positive Sentiment: Mastercard partnership supports AI-payments growth. Mastercard is opening its blockchain-based agentic payments system to developers after pilots involving Coinbase, Base and Cloudflare. The service could allow AI agents to purchase digital services using stablecoins, creating potential transaction and infrastructure opportunities for Coinbase. Mastercard Taps Coinbase, Cloudflare as AI Agents Learn to Pay
• Positive Sentiment: Thunes deal expands Coinbase’s global payments reach. Coinbase will work with Thunes to connect stablecoin transfers with payouts to billions of bank accounts and mobile wallets across approximately 140 countries. The arrangement could increase stablecoin utility and generate additional custody, conversion and settlement activity. Coinbase partners with Thunes to expand stablecoin payments to 140 countries
• Positive Sentiment: Stablecoin adoption is accelerating. A Coinbase-commissioned report said adjusted stablecoin transfer volume reached $891 billion in the third quarter, with 73% occurring outside U.S. banking hours. Separately, Coinbase’s partnership with Marqeta will support stablecoin-funded business cards, with Coinbase providing custody, dollar conversion and Base settlement. Stablecoin transfers quadruple to $891 billion
• Neutral Sentiment: Broader crypto-market signals were mixed. Bitcoin ETF inflows and institutional blockchain adoption provided support for the sector, but the articles did not identify a specific cryptocurrency move as the primary catalyst for COIN. BlackRock’s Bitcoin ETF had a major inflow
• Negative Sentiment: Regulatory and retail-demand risks remain. A Kazakhstan court restricted Coinbase and several other platforms from operating without local licenses. Recent coverage also highlighted a 31% decline in Coinbase’s retail revenue, increasing the company’s dependence on institutions and payments-related businesses. Kazakhstan court orders curbs on Coinbase

Analysts Set New Price Targets

A number of research firms recently weighed in on COIN. Compass Point reaffirmed a “neutral” rating and issued a $187.00 price target on shares of Coinbase Global in a report on Friday, October 9th. Sanford C. Bernstein reissued an “outperform” rating and issued a $330.00 price objective on shares of Coinbase Global in a report on Friday, July 31st. Mizuho set a $155.00 price objective on Coinbase Global in a research report on Friday, July 31st. Zacks Research raised Coinbase Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 9th. Finally, Raymond James Financial began coverage on Coinbase Global in a research note on Wednesday, July 22nd. They set a “market perform” rating for the company. Twenty investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $224.44.

Coinbase Global Profile

Coinbase Global, Inc operates a digital-asset financial infrastructure and technology platform. Through its Coinbase platform, the company enables individuals and institutions to buy, sell, store, transfer and use cryptocurrencies and other digital assets. Its services are designed to support both retail customers and institutional participants in the digital-asset economy.

The company offers cryptocurrency trading, custody and staking services, as well as subscription products and institutional solutions.