Coinbase Global (NASDAQ:COIN) CFO Alesia Haas Sells 364,600 Shares
by Scott Moore · The Cerbat GemCoinbase Global, Inc. (NASDAQ:COIN) CFO Alesia Haas sold 364,600 shares of the firm’s 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 completion of the transaction, the chief financial officer owned 402,165 shares in the company, valued at $62,315,466.75. This represents a 47.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Coinbase Global Stock Performance
NASDAQ COIN opened at $162.51 on Wednesday. Coinbase Global, Inc. has a 1 year low of $142.58 and a 1 year high of $444.64. The firm 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 fifty day moving average price of $231.73 and a 200-day moving average price of $288.26. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40.
Hedge Funds Weigh In On Coinbase Global
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Coinbase Global by 25.5% during the 2nd quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange’s stock valued at $8,484,964,000 after purchasing an additional 4,914,407 shares during the last quarter. Norges Bank purchased a new position in Coinbase Global during the 2nd quarter valued at about $1,044,354,000. Geode Capital Management LLC boosted its position in shares of Coinbase Global by 46.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock worth $1,940,805,000 after purchasing an additional 1,755,146 shares in the last quarter. Ruffer LLP bought a new stake in Coinbase Global in the fourth quarter worth $166,515,000. Finally, Artisan Partners Limited Partnership purchased a new stake in Coinbase Global during the 3rd quarter valued at about $224,663,000. 68.84% of the stock is owned by institutional investors.
More Coinbase Global News
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
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on COIN. Oppenheimer cut their price target on shares of Coinbase Global from $381.00 to $370.00 and set an “outperform” rating on the stock in a report on Monday, January 12th. Needham & Company LLC reduced their price target on Coinbase Global from $400.00 to $290.00 and set a “buy” rating for the company in a research report on Monday, December 29th. Piper Sandler decreased their target price on shares of Coinbase Global from $350.00 to $270.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. China Renaissance decreased their target price on Coinbase Global from $479.30 to $301.50 and set a “buy” rating on the stock in a research note on Wednesday, January 14th. Finally, BTIG Research lowered their price objective on shares of Coinbase Global from $420.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Twenty investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $342.58.
Get Our Latest Stock Analysis on COIN
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.
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