Key Points
- CFO Alesia Haas sold 10,020 shares on March 4 at an average price of $200 for about $2.004 million, trimming her holding by 2.46% to 397,171 shares (disclosed in an SEC Form 4).
- Coinbase missed Q4 estimates, reporting $0.66 EPS vs. $0.83 expected and $1.78 billion in revenue vs. $1.86 billion consensus, with revenue down 21.6% year‑over‑year.
- Market backdrop is mixed: institutional ownership is high (~68.8%) and the consensus rating is a "Hold" with an average target around $270, while political support and product expansion are positives but a shareholder derivative lawsuit and regulatory uncertainty pose risks.
Coinbase Global, Inc. (NASDAQ:COIN) CFO Alesia Haas sold 10,020 shares of the company's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the completion of the sale, the chief financial officer owned 397,171 shares of the company's stock, valued at approximately $79,434,200. The trade was a 2.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Coinbase Global Stock Performance
Shares of COIN stock opened at $197.25 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.34. The firm has a 50-day moving average of $201.95 and a 200-day moving average of $269.25. Coinbase Global, Inc. has a one year low of $139.36 and a one year high of $444.64. The company has a market cap of $52.09 billion, a P/E ratio of 44.93, a P/E/G ratio of 2.95 and a beta of 3.70.
Coinbase Global (NASDAQ:COIN - Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.83 by ($0.17). The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.86 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The company's revenue for the quarter was down 21.6% on a year-over-year basis. During the same period in the previous year, the company posted $4.68 earnings per share. Equities research analysts forecast that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.
Institutional Trading of Coinbase Global
Several hedge funds and other institutional investors have recently modified their holdings of the business. SP Asset Management LLC bought a new stake in shares of Coinbase Global during the second quarter valued at about $360,000. Vanguard Group Inc. boosted its position in shares of Coinbase Global by 8.3% in the third quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange's stock valued at $8,847,905,000 after acquiring an additional 2,007,930 shares during the period. Atria Investments Inc purchased a new position in Coinbase Global during the second quarter valued at approximately $1,137,000. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Coinbase Global during the 3rd quarter worth approximately $14,491,000. Finally, FengHe Fund Management Pte. Ltd. lifted its stake in Coinbase Global by 119.1% in the 3rd quarter. FengHe Fund Management Pte. Ltd. now owns 69,900 shares of the cryptocurrency exchange's stock worth $23,591,000 after purchasing an additional 38,000 shares in 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: High‑profile political support: CEO Brian Armstrong met privately with former President Trump, who publicly voiced backing for crypto-friendly legislation (the CLARITY Act). That endorsement helped spark a mid‑week rally in crypto prices and COIN shares. Article Title
- Positive Sentiment: Bullish analyst action: Goldman Sachs raised its COIN price target to $270 and kept a "buy" rating, giving institutional validation for upside if crypto volumes and regulation improve. Article Title
- Positive Sentiment: Institutional product expansion: Coinbase Prime now offers CFTC‑regulated futures and unified cross‑margin trading via Coinbase Financial Markets (leveraging Deribit capabilities), which should deepen institutional flow and fee opportunity. Article Title
- Neutral Sentiment: Crypto market tailwinds: Bitcoin rallied (ETF inflows and a short squeeze dynamic), lifting crypto‑linked equities and potentially increasing Coinbase trading volumes and custody demand — a near‑term positive for revenue if sustained. Article Title
- Negative Sentiment: New shareholder derivative lawsuit: A plaintiff filed a derivative suit naming CEO Brian Armstrong and other directors/executives (alleging oversight failures and disclosure issues). This raises potential legal costs, governance risk and investor uncertainty. Article Title
- Negative Sentiment: Insider selling / governance headlines: Coinbase CLO and other senior insiders sold shares ahead of or around the timing of legal actions; CFO Alesia Haas sold ~10,020 shares (filed with the SEC), which investors often view as a negative governance signal even when sales are routine. Article Title and Article Title
- Negative Sentiment: Regulatory uncertainty on stablecoins: Ongoing Senate fights over stablecoin yield rules have already pushed Coinbase to withdraw support for certain bill language. A stalled or unfavorable market‑structure bill could limit new product opportunities (e.g., high‑yield stablecoin programs). Article Title
- Negative Sentiment: Recent fundamentals: Coinbase missed Q4 revenue and EPS estimates (revenue down y/y, EPS miss), a reminder that elevated crypto prices don't immediately erase prior weakness in top‑line growth and analyst skepticism. (See company Q4 report and analyst commentary.)
Analyst Upgrades and Downgrades
COIN has been the topic of a number of recent analyst reports. Erste Group Bank lowered Coinbase Global from a "buy" rating to a "hold" rating in a report on Thursday, November 20th. Zacks Research lowered Coinbase Global from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 17th. Barclays cut their price target on shares of Coinbase Global from $258.00 to $148.00 and set an "equal weight" rating on the stock in a report on Friday, February 13th. Jefferies Financial Group decreased their price objective on shares of Coinbase Global from $268.00 to $151.00 and set a "hold" rating for the company in a report on Friday, February 13th. Finally, Monness Crespi & Hardt lowered shares of Coinbase Global from a "hold" rating to a "sell" rating in a research report on Monday, February 23rd. Nineteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $270.87.
Check Out Our Latest Analysis on COIN
Coinbase Global Company Profile
(
Get Free Report)
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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