Greenup Street Wealth Management LLC Purchases New Holdings in Coinbase Global, Inc. $COIN

Greenup Street Wealth Management LLC acquired a new position in Coinbase Global, Inc. (NASDAQ:COIN) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,421 shares of the cryptocurrency exchange’s stock, valued at approximately $2,343,000.

Several other institutional investors have also added to or reduced their stakes in COIN. Vanguard Group Inc. boosted its position in shares of Coinbase Global by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 26,400,836 shares of the cryptocurrency exchange’s stock valued at $5,970,285,000 after buying an additional 184,043 shares during the period. Geode Capital Management LLC raised its holdings in shares of Coinbase Global by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 6,098,062 shares of the cryptocurrency exchange’s stock worth $1,374,080,000 after buying an additional 189,080 shares during the period. Paradigm Operations LP lifted its stake in shares of Coinbase Global by 3.3% during the 4th quarter. Paradigm Operations LP now owns 4,262,458 shares of the cryptocurrency exchange’s stock worth $963,912,000 after acquiring an additional 134,425 shares during the last quarter. Norges Bank bought a new stake in shares of Coinbase Global during the 4th quarter worth approximately $656,744,000. Finally, ARK Investment Management LLC lifted its stake in shares of Coinbase Global by 6.1% during the 4th quarter. ARK Investment Management LLC now owns 2,541,928 shares of the cryptocurrency exchange’s stock worth $574,832,000 after acquiring an additional 146,388 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Coinbase’s launch of pre-IPO perpetual futures tied to private AI names like OpenAI and Anthropic is seen as a potentially high-margin expansion beyond spot crypto trading. Coinbase Is Offering Pre-IPO Perpetual Futures on OpenAI and Anthropic. That’s Better News for COIN Stock Than It Is for You.
• Positive Sentiment: Analyst commentary is highlighting significant upside if crypto markets recover, with some models suggesting COIN could rebound sharply from current levels. Coinbase Could Jump 65% as Crypto Recovery Unfolds
• Neutral Sentiment: Coinbase-backed political efforts are benefiting from crypto-friendly primary wins, which may improve the regulatory backdrop over time, but the effect on near-term earnings is uncertain. Crypto-backed candidates notch wins in three US state primaries
• Neutral Sentiment: Investors are watching the upcoming CLARITY Act hearing on July 17, which could reshape U.S. crypto regulation and potentially benefit Coinbase if clearer rules emerge. Dear Coinbase Stock Fans, Mark Your Calendars for July 17
• Negative Sentiment: Bitcoin’s 30% drop from recent highs is weighing on Coinbase because the stock is closely tied to crypto trading volumes and market sentiment. Coinbase vs. Strategy: Which Bitcoin-Related Stock Is Worth the Risk?
• Negative Sentiment: Recent coverage also points to persistent weakness after Coinbase’s latest earnings and the market’s concern that lower crypto prices could continue to pressure transaction revenue. Here’s Why Coinbase Global, Inc. (COIN) Fell More Than Broader Market

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, CFO Alesia J. Haas sold 10,020 shares of the 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 transaction, the chief financial officer directly owned 377,201 shares in the company, valued at $75,440,200. This represents a 2.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Grewal sold 1,960 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $176.88, for a total transaction of $346,684.80. Following the transaction, the insider owned 84,753 shares in the company, valued at approximately $14,991,110.64. The trade was a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 30,647 shares of company stock worth $5,740,941. Insiders own 16.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on COIN. Mizuho upped their price objective on Coinbase Global from $170.00 to $200.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. KeyCorp reiterated a “sector weight” rating on shares of Coinbase Global in a research report on Wednesday, June 17th. B. Riley Financial lowered their target price on shares of Coinbase Global from $243.00 to $203.00 and set a “neutral” rating for the company in a research note on Monday, June 1st. Piper Sandler cut their price target 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. Finally, Sanford C. Bernstein reduced their price target on shares of Coinbase Global from $440.00 to $330.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Coinbase Global currently has a consensus rating of “Hold” and a consensus target price of $250.65.

Coinbase Global Stock Down 5.1%

Shares of NASDAQ:COIN opened at $150.10 on Thursday. The business’s 50 day moving average is $183.52 and its 200 day moving average is $198.09. The stock has a market cap of $39.55 billion, a P/E ratio of 56.43, a price-to-earnings-growth ratio of 5.59 and a beta of 3.32. Coinbase Global, Inc. has a 52-week low of $139.36 and a 52-week high of $444.64. 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 (NASDAQ:COIN) last issued its earnings results 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 net margin of 12.20% and a return on equity of 4.16%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was down 30.5% on a year-over-year basis. Sell-side analysts predict that Coinbase Global, Inc. will post 1.74 EPS for the current year.

Coinbase Global 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.