Coinbase Global, Inc. $COIN Shares Purchased by Sunpointe LLC

Sunpointe LLC raised its position in Coinbase Global, Inc. (NASDAQ:COIN) by 369.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,358 shares of the cryptocurrency exchange’s stock after purchasing an additional 2,643 shares during the quarter. Sunpointe LLC’s holdings in Coinbase Global were worth $1,133,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Aptus Capital Advisors LLC raised its position in shares of Coinbase Global by 37.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 1,208 shares of the cryptocurrency exchange’s stock valued at $408,000 after buying an additional 332 shares during the period. Smith Moore & CO. increased its stake in Coinbase Global by 13.1% during the third quarter. Smith Moore & CO. now owns 907 shares of the cryptocurrency exchange’s stock worth $306,000 after acquiring an additional 105 shares during the last quarter. United Capital Management of KS Inc. raised its position in Coinbase Global by 2.6% in the third quarter. United Capital Management of KS Inc. now owns 13,141 shares of the cryptocurrency exchange’s stock valued at $4,435,000 after purchasing an additional 328 shares during the period. KCM Investment Advisors LLC lifted its stake in shares of Coinbase Global by 136.7% in the 3rd quarter. KCM Investment Advisors LLC now owns 1,368 shares of the cryptocurrency exchange’s stock valued at $462,000 after purchasing an additional 790 shares during the last quarter. Finally, IFG Advisory LLC grew its holdings in shares of Coinbase Global by 10.7% during the 3rd quarter. IFG Advisory LLC now owns 983 shares of the cryptocurrency exchange’s stock worth $332,000 after purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Rothschild & Co Redburn reduced their price objective on shares of Coinbase Global from $403.00 to $288.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Wall Street Zen downgraded shares of Coinbase Global from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. HC Wainwright lowered their price objective on shares of Coinbase Global from $425.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Oppenheimer cut their target price on Coinbase Global from $381.00 to $370.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Finally, Mizuho lowered their price target on Coinbase Global from $280.00 to $170.00 and set a “neutral” rating for the company in a research report on Tuesday, February 17th. Nineteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Coinbase Global has a consensus rating of “Hold” and a consensus target price of $270.67.

Coinbase Global Stock Down 1.5%

Coinbase Global stock opened at $205.71 on Friday. The firm has a market capitalization of $54.32 billion, a P/E ratio of 46.86, a P/E/G ratio of 3.00 and a beta of 3.70. The stock’s fifty day simple moving average is $202.74 and its 200-day simple moving average is $270.11. Coinbase Global, Inc. has a twelve month low of $139.36 and a twelve month high of $444.64. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.17). The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.Coinbase Global’s revenue for the quarter was down 21.6% compared to the same quarter last year. During the same quarter last year, the company earned $4.68 EPS. As a group, equities analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Coinbase Global News Roundup

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

• Positive Sentiment: President Trump met privately with CEO Brian Armstrong and publicly backed crypto-friendly legislation (the CLARITY/market-structure push), lifting hopes for U.S. rules that could expand stablecoin yields and reduce regulatory friction for Coinbase. Coinbase Teams Up With The White House Against Wall Street
• Positive Sentiment: Broader crypto strength — Bitcoin’s rally toward the low $70k area and renewed ETF inflows — is boosting trading volumes and sentiment for exchange stocks, benefiting Coinbase’s core revenue prospects. Bitcoin tops $71,000 as ETF inflows return
• Positive Sentiment: Institutional distribution gains: Ripple Prime clients now have access to Coinbase Derivatives contracts cleared by Nodal Clear, signaling growing institutional adoption of Coinbase’s derivatives product suite. Ripple Prime taps Coinbase derivatives
• Positive Sentiment: Product expansion: Coinbase launched U.S. stock trading inside its platform, widening non-crypto revenue channels (stocks/ETFs) and supporting the company’s strategy to smooth out cycle-driven trading revenue. Coinbase Launches U.S. Stock Trading
• Neutral Sentiment: Company narrative: Analysts and commentary highlight Coinbase’s push to diversify revenue (staking, custody, USDC, stock trading) and longer-term themes like tokenized equities; these are strategic positives but will take time to materially move results. Coinbase Diversifies Revenue Streams
• Neutral Sentiment: Short-interest data in feeds looks unreliable (zero/NaN figures reported); no clear short-squeeze signal from that data today. (Data caveat — treat with caution.)
• Negative Sentiment: New derivative shareholder lawsuits name CEO Brian Armstrong and multiple directors/executives, seeking damages and clawbacks tied to alleged disclosure and compliance failures — this raises potential legal costs, governance scrutiny and headline risk. Coinbase Board, Including CEO, Faces New Lawsuit
• Negative Sentiment: Insider selling / executive stock moves: reports that a top company officer (CLO) sold millions in stock amid the litigation add near-term selling pressure and negative optics. Coinbase CLO offloads millions in stock amid new lawsuit
• Negative Sentiment: Regulatory friction: stablecoin yield language is dominating U.S. market-structure talks and remains unresolved; earlier amendments prompted Coinbase to withdraw support — the policy fight could produce outcomes that help or hurt Coinbase’s stablecoin ambitions. Stablecoin Yield Fight Threatens U.S. Crypto Market Structure Bill

Insider Activity at Coinbase Global

In other Coinbase Global news, CFO Alesia J. Haas sold 364,600 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $154.95, for a total value of $56,494,770.00. Following the sale, the chief financial officer directly owned 402,165 shares of the company’s stock, valued at approximately $62,315,466.75. This represents a 47.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brian Armstrong sold 40,000 shares of Coinbase Global stock in a transaction on Monday, January 5th. The stock was sold at an average price of $248.96, for a total transaction of $9,958,400.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 509,650 shares of company stock valued at $93,915,594 over the last 90 days. 16.56% of the stock is owned by corporate insiders.

Coinbase Global Company 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.