Coinbase Global, Inc. (NASDAQ: COIN) experienced a 5.5% decline during mid-day trading on Friday following insider selling activity. The stock traded as low as $356.41, settling at $354.47 by the close. Trading volume reached 5.9 million shares, a 45% drop from the average daily volume of 10.9 million shares. The previous closing price was $375.07.
Key Insider Transactions
CEO Brian Armstrong’s Sales
- June 26th Transaction: Sold 113,735 shares at an average price of $363.15, totaling $41.3 million. Post-sale, Armstrong retained 526 shares (valued at ~$191,016), marking a 99.54% reduction in his holdings.
- June 25th Transaction: Sold 336,265 shares at $362.61/share, totaling $121.9 million. Remaining stake: 526 shares (~$190,732), a 99.84% decrease.
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CFO Alesia J. Haas’s Sale
- Sold 3,000 shares on June 25th at $360.20/share (~$1.08 million). Retained 97,366 shares (~$35.1 million), a 2.99% reduction.
Disclosures were filed with the SEC.
Analyst Price Targets and Ratings
Several analysts recently updated their ratings:
| Firm | Rating | Price Target | Date |
|---|---|---|---|
| Monness Crespi & Hardt | Buy ↑ | $300.00 | May 13 |
| William Blair | Outperform | – | June 11 |
| JMP Securities | Market Outperform | $400.00 | June 25 |
| Benchmark | Buy ↑ | $421.00 | June 23 |
| Canaccord Genuity | Buy | $400.00 | May 9 |
Consensus:
– 13 Buy / 10 Hold ratings.
– Average target: $291.06.
– Current rating: Moderate Buy.
Financial Metrics
- Market Cap: $88.98B.
- PE Ratio: 65.63.
- PEG Ratio: 25.85.
- Beta: 3.62 (high volatility).
- Liquidity Ratios: Quick/Current ratio of 2.52.
- Debt-to-Equity: 0.40.
- Moving Averages: 50-day ($249.67), 200-day ($240.93).
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Q1 2025 Earnings Summary
- EPS: $1.94 (missed consensus by $0.24).
- Revenue: $2.03B (vs. $2.22B estimate).
- YoY Revenue Growth: +24.2%.
- Net Margin: 21.14%; ROE: 20.25%.
- 2025 EPS Forecast: 7.22.
Institutional Activity
Recent Adjustments by Hedge Funds:
– Farther Finance Advisors: +4.3% (964 shares).
– IPG Investment Advisors: +2.0% (2,261 shares).
– Vivaldi Capital: +0.3% (13,843 shares).
– Brooklyn Investment Group: +7.1% (720 shares).
– Rede Wealth LLC: +0.6% (8,027 shares).
Institutional Ownership: 68.84%.
Company Overview
Coinbase Global, Inc. provides crypto financial infrastructure globally, offering:
– Consumer accounts for crypto transactions.
– Institutional liquidity marketplaces.
FAQs
Why did Coinbase’s stock drop 5.5%?
The decline followed insider sales by CEO Brian Armstrong and CFO Alesia Haas, totaling $164.3 million, signaling reduced executive confidence.
What is Coinbase’s average analyst price target?
The consensus target is $291.06, with a Moderate Buy rating.
How did Coinbase perform in Q1 2025?
EPS missed estimates by $0.24, but revenue grew 24.2% YoY to $2.03B.
Who owns the majority of Coinbase stock?
Institutional investors hold 68.84% of shares.
What are Coinbase’s key financial ratios?
- PE: 65.63.
- Beta: 3.62.
- Debt-to-Equity: 0.40.
What’s next for Coinbase?
Analysts project 2025 EPS of 7.22, but market volatility and regulatory scrutiny remain risks.
Disclaimer: This content is for informational purposes only and not financial advice.
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