Coinbase Global, Inc. $COIN Shares Newly Purchased by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC acquired a new stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,567 shares of the cryptocurrency exchange’s stock, valued at approximately $851,000.

Several other large investors have also recently modified their holdings of the stock. CRA Financial Services LLC bought a new stake in shares of Coinbase Global in the 3rd quarter valued at about $198,000. Frank Rimerman Advisors LLC boosted its holdings in Coinbase Global by 119.9% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 3,499 shares of the cryptocurrency exchange’s stock valued at $652,000 after acquiring an additional 1,908 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in Coinbase Global by 32.2% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,278 shares of the cryptocurrency exchange’s stock valued at $260,000 after acquiring an additional 311 shares during the period. IFC & Insurance Marketing Inc. purchased a new stake in Coinbase Global during the 3rd quarter valued at about $254,000. Finally, Howard Capital Management LLC bought a new position in Coinbase Global during the 3rd quarter worth approximately $407,000. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global Price Performance

COIN stock opened at $173.16 on Friday. The firm’s 50-day moving average price is $178.25 and its two-hundred day moving average price is $175.12. Coinbase Global, Inc. has a 12-month low of $139.11 and a 12-month high of $373.25. The stock has a market capitalization of $45.69 billion, a price-to-earnings ratio of -45.09 and a beta of 3.41. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.45.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) EPS for the quarter, missing the consensus estimate of ($0.44) by ($0.92). The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.29 billion. Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. The business’s revenue was down 18.5% on a year-over-year basis. During the same period last year, the company posted $5.14 earnings per share. As a group, equities analysts predict that Coinbase Global, Inc. will post -0.50 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Alesia Haas sold 39,030 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $205.24, for a total transaction of $8,010,517.20. Following the transaction, the chief financial officer owned 345,376 shares in the company, valued at $70,884,970.24. The trade was a 10.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Marc Andreessen sold 6,838 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $198.00, for a total value of $1,353,924.00. Following the transaction, the director owned 1,108,972 shares in the company, valued at approximately $219,576,456. This represents a 0.61% 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. Insiders sold 127,188 shares of company stock valued at $23,029,558 over the last three months. Company insiders own 16.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on COIN. Oppenheimer reduced their price target on Coinbase Global from $209.00 to $193.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Citizens Jmp lowered their price objective on Coinbase Global from $325.00 to $280.00 and set a “market outperform” rating for the company in a research report on Friday, October 9th. Bank of America reiterated a “buy” rating on shares of Coinbase Global in a research report on Monday, October 5th. Compass Point reissued a “neutral” rating and set a $187.00 price objective on shares of Coinbase Global in a research note on Friday, October 9th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $330.00 target price on shares of Coinbase Global in a report on Friday, July 31st. Twenty research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $224.44.

Key Coinbase Global News

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

• Positive Sentiment: Coinbase and Marqeta are expanding a partnership to develop stablecoin-backed payment cards for global businesses using Coinbase’s Base network. The initiative could create additional transaction and payments revenue while broadening practical use of stablecoins. Coinbase Strikes Marqeta Deal but COIN Loses 3%
• Positive Sentiment: Crypto-aligned political action committees, including groups funded in part by Coinbase, have increased spending in Ohio’s Senate race. The spending may support candidates viewed as more favorable to crypto regulation, potentially improving the company’s long-term policy environment. Crypto PACs escalate spending against Sherrod Brown in Ohio Senate race
• Neutral Sentiment: The SEC reportedly approved regulated binary options tied to metrics such as Coinbase trading volume. The products could increase institutional access to crypto-related exposure, although they do not directly improve Coinbase’s operating results. SEC Crypto: What do the Coinbase and MARA Binary Options Mean?
• Neutral Sentiment: Concerns that advances in quantum computing could eventually threaten Bitcoin’s cryptographic security have prompted Coinbase to urge developers to prepare quantum-resistant upgrades. The risk appears long term but could add to investor concerns about digital-asset infrastructure. Google Quantum Cuts Errors 40-Fold: Is Bitcoin Ready?
• Negative Sentiment: Taiwan blocked Coinbase’s website under a court order connected to an investigation of election betting. Although the action appears localized and does not necessarily allege wrongdoing by Coinbase, it highlights regulatory and reputational risks surrounding prediction-market activity. Taiwan Blocks Coinbase and Kalshi Over Bets on Its November Elections
• Negative Sentiment: Analysts and recent coverage point to weak crypto trading conditions, earnings pressure, and a roughly 24% year-to-date decline in COIN. Coinbase’s latest reported quarter also missed consensus estimates for both earnings and revenue, reinforcing concerns about near-term profitability. Coinbase Global Stock Drops 24% YTD: Time to Buy the Dip?

Coinbase Global Company Profile

Coinbase Global, Inc operates a digital-asset platform that enables individuals, businesses and institutions to buy, sell, store and use cryptocurrencies. Its services include a cryptocurrency exchange, digital-asset custody, staking and related trading products, as well as tools designed to support institutional participation in the crypto economy.

The company also offers Coinbase Wallet, a self-custody wallet that allows users to manage digital assets and interact with decentralized applications.