Investors Buy Large Volume of Coinbase Global Put Options (NASDAQ:COIN)

Coinbase Global, Inc. (NASDAQ:COIN) was the target of unusually large options trading on Thursday. Stock investors acquired 523,995 put options on the company. This is an increase of approximately 113% compared to the average daily volume of 246,272 put options.

Insider Buying and Selling at Coinbase Global

In other news, Director Frederick Ernest Ehrsam III sold 55,688 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $321.81, for a total transaction of $17,920,955.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian Armstrong sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $271.87, for a total transaction of $10,874,800.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 508,513 shares of company stock worth $143,394,956. Company insiders own 16.56% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC increased its position in shares of Coinbase Global by 1.2% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 7,291 shares of the cryptocurrency exchange’s stock worth $1,649,000 after purchasing an additional 83 shares in the last quarter. Phoenix Financial Ltd. grew its stake in shares of Coinbase Global by 13.2% in the 4th quarter. Phoenix Financial Ltd. now owns 7,975 shares of the cryptocurrency exchange’s stock valued at $1,803,000 after purchasing an additional 931 shares during the last quarter. Conning Inc. increased its holdings in shares of Coinbase Global by 9.1% in the fourth quarter. Conning Inc. now owns 1,064 shares of the cryptocurrency exchange’s stock valued at $241,000 after purchasing an additional 89 shares during the period. WIM INVESTMENT MANAGEMENT Ltd raised its holdings in Coinbase Global by 12.2% during the fourth quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 104,216 shares of the cryptocurrency exchange’s stock worth $23,567,000 after purchasing an additional 11,300 shares in the last quarter. Finally, Western Wealth Management LLC lifted its holdings in Coinbase Global by 8.0% in the fourth quarter. Western Wealth Management LLC now owns 2,301 shares of the cryptocurrency exchange’s stock valued at $520,000 after acquiring an additional 170 shares during the period. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global Stock Performance

Shares of Coinbase Global stock traded down $22.50 on Thursday, reaching $146.12. 28,974,086 shares of the stock were exchanged, compared to its average volume of 10,649,968. The firm has a market capitalization of $39.40 billion, a price-to-earnings ratio of 12.64 and a beta of 3.70. The business has a 50 day moving average price of $240.17 and a two-hundred day moving average price of $295.78. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.37. Coinbase Global has a twelve month low of $142.58 and a twelve month high of $444.64.

Analysts Set New Price Targets

A number of research analysts have weighed in on COIN shares. Compass Point lowered their target price on Coinbase Global from $230.00 to $190.00 and set a “sell” rating on the stock in a report on Friday, January 23rd. Erste Group Bank downgraded shares of Coinbase Global from a “buy” rating to a “hold” rating in a research report on Thursday, November 20th. Rothschild & Co Redburn cut their price target on Coinbase Global from $404.00 to $403.00 and set a “buy” rating for the company in a report on Friday, January 16th. Robert W. Baird set a $240.00 target price on shares of Coinbase Global and gave the stock a “neutral” rating in a report on Tuesday, January 27th. Finally, President Capital raised their price objective on shares of Coinbase Global from $401.00 to $472.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $353.69.

Key Coinbase Global News

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

• Positive Sentiment: Coinbase launched its Coinbase Predict event‑contract platform across all 50 U.S. states, expanding non‑trading revenue opportunities and positioning the firm as a broader “everything exchange.” Coinbase Launches Prediction Market Platform Across All 50 U.S. States
• Positive Sentiment: A Nevada judge declined to grant regulators an immediate temporary restraining order to halt Coinbase’s new prediction markets, giving Coinbase time to defend the product at a hearing next week — a short‑term legal win. Coinbase fends off Nevada’s emergency bid to halt prediction markets
• Positive Sentiment: Ark Invest (Cathie Wood) reportedly added to positions in crypto‑linked names including Coinbase recently — a potential long‑term vote of confidence from an active ETF manager. Cathie Wood Loads Up On Coinbase, Circle, Robinhood
• Neutral Sentiment: Analysts expect Coinbase’s Q4 revenue to be roughly flat year‑over‑year (~$1.86B), and previews warn EPS could decline — the Feb. 12 print is a catalyst that could swing sentiment both ways. COIN Stock Falls 8% with Investors Eyeing Flat Revenue for Q4
• Negative Sentiment: Broad crypto weakness led by Bitcoin plunging below $70k hit crypto equities; Coinbase moves with the market as trading volumes and fee revenue expectations fall when BTC sells off. Crypto market in free fall as Bitcoin plunges below $70,000 while shares of Coinbase and Circle tumble
• Negative Sentiment: On‑chain indicators show the “Coinbase Premium” at yearly lows, a sign that institutional demand is weakening — this institutional selling pressure amplifies downside risk for Coinbase revenue tied to BTC flows. Coinbase premium hits yearly low, hinting at institutional selling
• Negative Sentiment: Nevada regulators filed a civil enforcement action alleging Coinbase offered unlicensed wagering via its prediction markets — an active legal/regulatory front that increases uncertainty and could affect rollout or require product changes. Nevada authorities file lawsuit against Coinbase over unlicensed wagering

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.