Coinbase Global, Inc. $COIN Shares Sold by Boyd Watterson Asset Management LLC OH

Boyd Watterson Asset Management LLC OH cut its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 91.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 431 shares of the cryptocurrency exchange’s stock after selling 4,517 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Coinbase Global were worth $75,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MV Capital Management Inc. purchased a new stake in shares of Coinbase Global in the 4th quarter valued at $27,000. Palisade Asset Management LLC purchased a new position in shares of Coinbase Global during the third quarter worth $29,000. Osbon Capital Management LLC purchased a new position in shares of Coinbase Global during the fourth quarter worth $30,000. Brooklands Fund Management Ltd acquired a new position in Coinbase Global during the fourth quarter valued at $34,000. Finally, Foster Dykema Cabot & Partners LLC acquired a new position in Coinbase Global during the third quarter valued at $35,000. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, Director Frederick R. Wilson sold 10,000 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $181.54, for a total transaction of $1,815,400.00. Following the transaction, the director directly owned 30,000 shares of the company’s stock, valued at $5,446,200. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alesia J. Haas sold 10,020 shares of Coinbase Global stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the completion of the sale, the chief financial officer owned 377,201 shares in the company, valued at approximately $75,440,200. This trade represents a 2.59% decrease in their position. 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. Over the last quarter, insiders sold 30,647 shares of company stock valued at $5,740,941. Insiders own 16.66% of the company’s stock.

Key Coinbase Global News

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

• Positive Sentiment: Coinbase is part of the newly launched Global Stablecoin Initiative/Open USD effort alongside Visa, Mastercard, and BNY, which could expand its role in mainstream digital payments and stablecoin infrastructure. Article Title
• Positive Sentiment: Crypto-linked stocks, including Coinbase, are participating in a broader bounce across the sector, helping sentiment after weakness in recent weeks. Article Title
• Neutral Sentiment: Coinbase Ventures was named as a backer of Venice AI’s new funding round, reinforcing Coinbase’s ongoing exposure to venture investing themes, though the direct stock impact appears limited. Article Title
• Neutral Sentiment: Coinbase CEO Brian Armstrong made headlines with comments on U.S. debt, fiscal safeguards, and AI/cybersecurity, but these were mostly policy and opinion pieces rather than direct business updates. Article Title
• Negative Sentiment: One analysis argued Coinbase is “further losing its grip,” reflecting concern that competitive pressure and shifting stablecoin economics could weigh on long-term growth. Article Title
• Negative Sentiment: Another report noted the Coinbase Premium has stayed negative, a sign that U.S. Bitcoin demand remains softer than on global venues and may temper trading enthusiasm. Article Title

Coinbase Global Trading Up 3.9%

Shares of COIN stock opened at $165.48 on Friday. Coinbase Global, Inc. has a 1-year low of $139.18 and a 1-year high of $444.64. The company has a market cap of $43.60 billion, a price-to-earnings ratio of 62.21, a PEG ratio of 5.62 and a beta of 3.35. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.14 and a quick ratio of 2.14. The stock has a 50 day simple moving average of $177.92 and a 200-day simple moving average of $193.03.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. Coinbase Global’s revenue was down 30.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 EPS. On average, equities research analysts expect that Coinbase Global, Inc. will post 1.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on COIN. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price target on shares of Coinbase Global in a research report on Wednesday, June 17th. Zacks Research raised Coinbase Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 target price on shares of Coinbase Global in a research note on Wednesday, June 17th. KeyCorp reiterated a “sector weight” rating on shares of Coinbase Global in a research note on Wednesday, June 17th. Finally, Mizuho increased their price target on shares of Coinbase Global from $170.00 to $200.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Eighteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $250.65.

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.