Coinbase Global, Inc. $COIN Shares Sold by CWA Asset Management Group LLC

CWA Asset Management Group LLC lessened its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 76.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,444 shares of the cryptocurrency exchange’s stock after selling 7,962 shares during the quarter. CWA Asset Management Group LLC’s holdings in Coinbase Global were worth $825,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in Coinbase Global by 25.5% during the 2nd quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange’s stock worth $8,484,964,000 after purchasing an additional 4,914,407 shares during the last quarter. Norges Bank acquired a new stake in shares of Coinbase Global during the second quarter worth $1,044,354,000. Geode Capital Management LLC lifted its stake in shares of Coinbase Global by 46.1% during the second quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock worth $1,940,805,000 after buying an additional 1,755,146 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Coinbase Global by 53.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock valued at $510,284,000 after buying an additional 504,068 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Coinbase Global by 1,647.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 507,318 shares of the cryptocurrency exchange’s stock valued at $171,215,000 after acquiring an additional 478,281 shares during the period. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global News Roundup

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

• Positive Sentiment: Major analyst support: Bernstein reiterated a Buy on COIN and Monness issued a Buy as well, providing fresh buy-side signals that can support demand for the stock. Read More.
• Positive Sentiment: Goldman Sachs upgrade (from neutral to buy) and a $303 PT helped spark a near-term rally by highlighting Coinbase’s growing infrastructure revenue mix — a structural growth narrative analysts are rewarding. Read More.
• Positive Sentiment: Corporate milestones: Coinbase’s entry into the S&P 500, a string of acquisitions (including Deribit), MiCA approval in Europe and the SEC’s voluntary dismissal of its case are material credibility and scale wins that reduce regulatory overhang and expand addressable markets. Read More.
• Neutral Sentiment: Business expansion debate: Coverage notes Coinbase and Gemini expanding beyond crypto into stocks, payments, prediction markets and stablecoins — a strategic positive long term but one that creates mixed near-term investor expectations about focus and margin mix. Read More.
• Neutral Sentiment: Company roadmap: Coinbase has shared aggressive 2026 priorities to combine crypto, equities, payments and on‑chain tools into a single app — this signals long-term ambition but raises execution risk that investors will monitor. Read More.
• Neutral Sentiment: Technical/security research: Coinbase analysts flagged quantum‑computing risks to Bitcoin (and by extension crypto markets), a topical research call that could influence risk perceptions but is a longer‑term structural issue. Read More.
• Negative Sentiment: Insider selling: CEO Brian Armstrong sold 40,000 shares (~$10M) and director Frederick Ehrsam sold 1,375 shares on Jan 5; large insider sales often trigger short‑term selling pressure and investor scrutiny. Read More. Read More.
• Negative Sentiment: Technical and market headwinds: Analysts/technicals are warning of a death cross and lingering bear‑market patterns after bitcoin gave back 2025 gains — technicals can amplify near‑term downside in a high‑beta name like COIN. Read More.
• Negative Sentiment: Regional operational/regulatory friction: Coinbase paused fiat rails in Argentina and faces regulatory blocks in some markets; such local disruptions can dent growth expectations and revenue visibility. Read More.

Insider Activity

In other news, CFO Alesia J. Haas sold 5,633 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $266.49, for a total transaction of $1,501,138.17. Following the sale, the chief financial officer directly owned 78,714 shares in the company, valued at $20,976,493.86. This trade represents a 6.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Grewal sold 976 shares of Coinbase Global stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $260.00, for a total value of $253,760.00. Following the completion of the transaction, the insider owned 74,835 shares of the company’s stock, valued at approximately $19,457,100. This represents a 1.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 839,554 shares of company stock valued at $248,795,837. Insiders own 16.56% of the company’s stock.

Analyst Ratings Changes

COIN has been the topic of several research analyst reports. President Capital boosted their price target on Coinbase Global from $401.00 to $472.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Needham & Company LLC decreased their target price on Coinbase Global from $400.00 to $290.00 and set a “buy” rating for the company in a report on Monday, December 29th. Jefferies Financial Group reiterated a “hold” rating and issued a $384.00 price target on shares of Coinbase Global in a report on Wednesday, October 29th. Wall Street Zen lowered shares of Coinbase Global from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Finally, Benchmark restated a “buy” rating on shares of Coinbase Global in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $377.84.

Coinbase Global Price Performance

NASDAQ:COIN opened at $245.93 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40. The company has a 50 day moving average price of $267.08 and a 200-day moving average price of $316.35. Coinbase Global, Inc. has a 1-year low of $142.58 and a 1-year high of $444.64. The firm has a market cap of $66.31 billion, a price-to-earnings ratio of 21.27 and a beta of 3.70.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 EPS for the quarter, beating the consensus estimate of $1.04 by $0.40. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the business earned $0.28 earnings per share. The firm’s revenue was up 55.1% on a year-over-year basis. Equities research analysts forecast that Coinbase Global, Inc. will post 7.22 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.