Sequoia Financial Advisors LLC decreased its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 9.9% during Q1 2025, selling 418 shares. The firm retained 3,817 shares valued at $657,000. Other institutional investors also adjusted their positions:
- Robeco Institutional Asset Management B.V.: Increased stake by 34.9%, now owning 139,812 shares worth $24.08M.
- Perigon Wealth Management LLC: Grew holdings by 3.9%, acquiring 304 additional shares (8,065 total).
- Bessemer Group Inc.: Boosted investment by 297.4%, holding 151 shares valued at $26,000.
- Wealthquest Corp: Entered a new position worth $864,000.
Institutional investors collectively own 68.84% of Coinbase’s stock.
Insider Trading Activity
- CFO Alesia J. Haas: Sold 3,000 shares at $360.20/share ($1.08M total), reducing her position by 2.99%.
- CEO Brian Armstrong: Divested 113,735 shares at $363.15/share ($41.3M total), cutting his stake by 99.54%.
Insiders sold 665,915 shares ($212.7M) last quarter, with corporate insiders owning 23.43% of shares.
Market Performance
- Current Price: $335.33 (as of July 2025).
- 52-Week Range: $142.58–$382.00.
- Market Cap: $85.13B.
- P/E Ratio: 62.80.
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Analyst Ratings
- Consensus: "Moderate Buy."
- Average Target Price: $291.06.
Recent Upgrades:
- Piper Sandler: Raised target to $190 (Neutral).
- Citigroup: Reiterated "Buy."
- Canaccord Genuity: $400 target (Buy).
FAQs
Q: Why did Sequoia Financial reduce its COIN holdings?
A: Specific reasons weren’t disclosed, but portfolio rebalancing is a common cause.
Q: What percentage of Coinbase is owned by insiders?
A: Insiders hold 23.43% of outstanding shares.
Q: What’s Coinbase’s revenue growth trend?
A: Q1 2025 revenue rose 24.2% YoY to $2.03B.
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About Coinbase Global, Inc.
Coinbase provides financial infrastructure for the crypto economy, offering consumer accounts and institutional trading liquidity.
Keyword Integration: Cryptocurrency exchange, NASDAQ:COIN, institutional investors, insider trading, stock performance.