Connor Clark & Lunn Investment Management Ltd. Has $63.46 Million Stock Position in Coinbase Global, Inc. $COIN

Connor Clark & Lunn Investment Management Ltd. grew its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 19.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 188,029 shares of the cryptocurrency exchange’s stock after purchasing an additional 30,989 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Coinbase Global were worth $63,458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Integrated Wealth Concepts LLC lifted its position in shares of Coinbase Global by 24.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,119 shares of the cryptocurrency exchange’s stock worth $365,000 after buying an additional 413 shares during the period. Empowered Funds LLC grew its position in Coinbase Global by 25.8% in the first quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange’s stock valued at $1,478,000 after acquiring an additional 1,761 shares during the period. Focus Partners Wealth raised its stake in Coinbase Global by 9.9% during the first quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange’s stock worth $896,000 after acquiring an additional 467 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Coinbase Global during the second quarter worth $285,000. Finally, Prospera Financial Services Inc lifted its holdings in shares of Coinbase Global by 112.7% during the second quarter. Prospera Financial Services Inc now owns 4,647 shares of the cryptocurrency exchange’s stock valued at $1,629,000 after acquiring an additional 2,462 shares during the period. 68.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Coinbase Global

In related news, CFO Alesia J. Haas sold 10,020 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were 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 directly owned 397,171 shares of the company’s stock, valued at $79,434,200. The trade was a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Brian Armstrong sold 40,000 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were 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 sold a total of 476,920 shares of company stock worth $84,194,452 in the last quarter. 16.56% of the stock is owned by company insiders.

Coinbase Global Price Performance

Coinbase Global stock opened at $198.67 on Thursday. The business’s 50-day simple moving average is $200.02 and its 200 day simple moving average is $266.71. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.40. The stock has a market cap of $52.46 billion, a price-to-earnings ratio of 45.26, a P/E/G ratio of 3.46 and a beta of 3.70. Coinbase Global, Inc. has a 12-month low of $139.36 and a 12-month high of $444.64.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data 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). Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm posted $4.68 earnings per share. The business’s revenue for the quarter was down 21.6% compared to the same quarter last year. As a group, research analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on COIN shares. Compass Point reduced their target price on shares of Coinbase Global from $190.00 to $140.00 and set a “sell” rating on the stock in a research note on Friday, February 20th. Cantor Fitzgerald cut their price target on shares of Coinbase Global from $277.00 to $221.00 and set an “overweight” rating for the company in a report on Monday, February 9th. The Goldman Sachs Group boosted their price target on shares of Coinbase Global from $264.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Piper Sandler decreased their price objective on shares of Coinbase Global from $270.00 to $150.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Finally, Wall Street Zen lowered shares of Coinbase Global from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Nineteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Coinbase Global presently has a consensus rating of “Hold” and a consensus price target of $270.51.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Coinbase launched “Agentic Wallets” for AI agents and highlighted rising volume in machine-driven crypto payments — a potential long-term growth driver for transaction and custody revenue. AI Agents Set to Dominate Crypto Payments: Armstrong and CZ Weigh In
• Positive Sentiment: A large on-chain player (Bitmine) moved ~$19.5M of ETH into Coinbase Prime — signaling continued institutional activity and custody usage on Coinbase’s platform. That can support trading/custody volumes and fees. Bitmine (BMNR) Transfers $19.5M in ETH to Coinbase Prime Following Massive Accumulation Spree
• Neutral Sentiment: Coinbase’s Chief Policy Officer published recommendations on stablecoin regulation — constructive for shaping future rules but regulatory outcomes remain uncertain and timing is unclear. Coinbase CPO Lists 5 Critical Errors US Congress Should Avoid In Stablecoin Regulation
• Neutral Sentiment: CEO Brian Armstrong reiterated bullish long-term views on Bitcoin (and commented on supply dynamics), which supports Coinbase’s core market narrative but doesn’t change near-term revenue/earnings trajectory. Brian Armstrong Says Mining Next 1 Million Bitcoin Will Take Over 100 Years, Coinbase CEO Hails BTC As ‘Decentralized, Inflation-Proof’
• Neutral Sentiment: Several retail/analysis pieces (Zacks, Yahoo) are re-examining whether COIN is a buy given its high multiple and watchlist interest; these discuss stock interest but do not provide new fundamental catalysts. COIN Lags Industry YTD, Trades at Premium: What Should Investors Do?
• Neutral Sentiment: Short-interest notices in the feed show inconsistent/zero values (NaN/0 shares) — data appears unreliable and doesn’t signal a clear short squeeze or build as reported. (Feed entries dated March 10–11.)
• Negative Sentiment: Analysts and articles note COIN is trailing the industry year-to-date and trading at a premium amid falling earnings estimates — this valuation and earnings risk is weighing on investor sentiment. COIN Lags Industry YTD, Trades at Premium: What Should Investors Do?
• Negative Sentiment: High-profile commentators (Jim Cramer) suggested investors might prefer buying bitcoin directly rather than COIN, which can divert capital away from the stock even as crypto adoption rises. Jim Cramer on Coinbase Global: “What I Would Suggest You Do Is Just Buy Bitcoin, It’s Cleaner”

About Coinbase Global

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.