Key Points
- CFO Alesia Haas sold 364,600 shares of Coinbase at an average price of $154.95 for a total of about $56.49 million, reducing her direct stake by 47.55% to 402,165 shares (~$62.32M).
- Analyst sentiment is mixed: several firms trimmed price targets (notably JPMorgan from $399 to $290), yet the consensus remains a "Moderate Buy" with an average target of $342.58, while institutional investors own roughly 68.84% of the stock amid regulatory and competitive headwinds.
Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia Haas sold 364,600 shares of Coinbase Global stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $154.95, for a total transaction of $56,494,770.00. Following the completion of the sale, the chief financial officer directly owned 402,165 shares of the company's stock, valued at approximately $62,315,466.75. This trade represents a 47.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Coinbase Global Stock Down 2.8%
COIN stock opened at $162.51 on Wednesday. Coinbase Global, Inc. has a fifty-two week low of $142.58 and a fifty-two week high of $444.64. The company has a market cap of $43.82 billion, a price-to-earnings ratio of 14.06 and a beta of 3.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.40 and a current ratio of 2.40. The business's 50-day moving average is $231.73 and its two-hundred day moving average is $288.26.
Hedge Funds Weigh In On Coinbase Global
Several institutional investors have recently made changes to their positions in the company. REAP Financial Group LLC purchased a new position in Coinbase Global during the 3rd quarter valued at about $25,000. Evelyn Partners Investment Management Europe Ltd increased its position in Coinbase Global by 92.3% during the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange's stock valued at $29,000 after buying an additional 36 shares in the last quarter. Palisade Asset Management LLC purchased a new position in shares of Coinbase Global in the 3rd quarter valued at approximately $29,000. Cullen Frost Bankers Inc. purchased a new position in shares of Coinbase Global in the second quarter worth $30,000. Finally, Salomon & Ludwin LLC raised its stake in Coinbase Global by 4,400.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange's stock worth $30,000 after acquiring an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 68.84% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Coinbase Global from $399.00 to $290.00 and set an "overweight" rating on the stock in a research note on Tuesday. Piper Sandler decreased their price target on shares of Coinbase Global from $350.00 to $270.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 14th. Rothschild & Co Redburn lowered their target price on Coinbase Global from $404.00 to $403.00 and set a "buy" rating for the company in a research report on Friday, January 16th. Mizuho set a $280.00 price target on shares of Coinbase Global in a report on Tuesday, December 16th. Finally, Benchmark restated a "buy" rating on shares of Coinbase Global in a research report on Friday, October 31st. Twenty equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Coinbase Global has an average rating of "Moderate Buy" and an average price target of $342.58.
Get Our Latest Research Report on Coinbase Global
Key Stories Impacting Coinbase Global
Here are the key news stories impacting Coinbase Global this week:
- Positive Sentiment: Interactive Brokers launched Coinbase Derivatives nano and perpetual futures on its platform — this expands distribution for Coinbase’s derivatives business and could boost fee-based revenue and product adoption. Interactive Brokers expansion
- Positive Sentiment: Bitcoin recently stabilized near $70k with a brief positive Coinbase Premium — higher BTC prices and renewed on-platform demand tend to raise trading volumes and transaction revenue for COIN. Bitcoin Coinbase Premium
- Neutral Sentiment: Coinbase is sunsetting Base App’s creator rewards and Farcaster social feed to focus the app on trading — a product pivot that may streamline costs but also narrows the company’s “everything app” ambitions. Base App pivot
- Neutral Sentiment: Coinbase ran a divisive Super Bowl karaoke ad; marketing buzz can help brand awareness but has mixed capital markets impact versus fundamentals. Super Bowl ad
- Negative Sentiment: JPMorgan trimmed its COIN price target from $399 to $290 ahead of Q4 earnings — a sizable cut that adds selling pressure despite the bank keeping an overweight stance; markets often react negatively to big PT revisions right before earnings. JPMorgan price target cut
- Negative Sentiment: Cantor Fitzgerald also lowered its target (and other shops have adjusted forecasts), amplifying analyst-driven concern as Coinbase approaches its quarterly report. Analyst target moves
- Negative Sentiment: Regulatory and political friction is active: a critic labeled Coinbase “recalcitrant” over opposition to the Clarity Act and the White House is engaging on crypto market structure — heightening regulatory risk that investors price into COIN. Regulatory friction
- Negative Sentiment: High-profile voices are cautious: Jim Cramer publicly avoided COIN, and research flags slowing trading volumes and mixed revenue mix heading into earnings — both add to near-term downside risk. Cramer comment
- Negative Sentiment: Competitive pressure: data suggesting rivals (e.g., Hyperliquid) outpacing Coinbase in some areas raises concerns about market share and growth sustainability. Competition
About Coinbase Global
(
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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.
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