Caisse Des Depots ET Consignations Buys Shares of 6,251 Coinbase Global, Inc. $COIN

Caisse Des Depots ET Consignations bought a new position in Coinbase Global, Inc. (NASDAQ:COIN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,251 shares of the cryptocurrency exchange’s stock, valued at approximately $2,110,000.

A number of other institutional investors and hedge funds have also modified their holdings of COIN. Vanguard Group Inc. boosted 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 worth $8,484,964,000 after acquiring an additional 4,914,407 shares during the period. Norges Bank purchased a new stake in shares of Coinbase Global in the second quarter worth approximately $1,044,354,000. Geode Capital Management LLC boosted its holdings in shares of Coinbase Global by 46.1% during the second 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 during the period. Baillie Gifford & Co. purchased a new position in Coinbase Global during the third quarter valued at approximately $198,249,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Coinbase Global by 53.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock valued at $510,284,000 after buying an additional 504,068 shares during the period. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global Stock Performance

Shares of COIN opened at $153.20 on Thursday. The company has a market capitalization of $41.31 billion, a PE ratio of 13.25 and a beta of 3.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40. Coinbase Global, Inc. has a one year low of $142.58 and a one year high of $444.64. The company’s fifty day moving average price is $229.25 and its 200 day moving average price is $287.32.

Analyst Ratings Changes

A number of equities research analysts have issued reports on COIN shares. UBS Group set a $340.00 price target on shares of Coinbase Global in a report on Wednesday, December 17th. China Renaissance reduced their price objective on Coinbase Global from $479.30 to $301.50 and set a “buy” rating for the company in a research report on Wednesday, January 14th. Needham & Company LLC dropped their target price on Coinbase Global from $400.00 to $290.00 and set a “buy” rating on the stock in a research report on Monday, December 29th. Bank of America raised Coinbase Global from a “neutral” rating to a “buy” rating and set a $340.00 price target for the company in a research note on Thursday, January 8th. Finally, Erste Group Bank cut Coinbase Global from a “buy” rating to a “hold” rating in a research note on Thursday, November 20th. Twenty investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $340.08.

Coinbase Global News Roundup

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

• Positive Sentiment: Coinbase launched “Agentic Wallets,” wallet infrastructure that lets autonomous AI agents hold, spend and trade crypto on users’ behalf — a product innovation that could open new revenue channels (agent-driven trading, payments for compute/APIs and DeFi automation). Cointelegraph — Agentic Wallets
• Positive Sentiment: Interactive Brokers added Coinbase Derivatives nano/perpetual futures to its platform — expands distribution for Coinbase’s derivatives product and could boost fee revenue if adoption scales. FinancialPost — IBKR launch
• Neutral Sentiment: Options market implies a sizable post-earnings move (expected volatility) ahead of COIN’s Q4 report — suggests traders expect big surprises but does not indicate direction. TipRanks — options implied move
• Neutral Sentiment: Coinbase is refocusing its Base App away from social/rewards toward a trading-first product — a cost/strategy pivot that could improve unit economics but narrows the “everything app” vision. Blockonomi — Base App pivot
• Negative Sentiment: Major analyst target cuts (JPMorgan cut PT to $290; Cantor Fitzgerald and others trimmed targets) have increased selling pressure into earnings — large pre-earnings downgrades can amplify downside. Blockonomi — JPMorgan cut
• Negative Sentiment: CFO Alesia Haas sold ~364,600 shares (~$56M) in early February — a high-profile insider sale that markets often view negatively despite possible non-fundamental reasons. SEC Form 4 — Haas sale
• Negative Sentiment: Bitcoin price pullback and reported spot-led selling reduced trading activity and removed the U.S. Coinbase premium — weaker crypto markets directly pressure Coinbase transaction revenue ahead of reported Q4 results. Cointelegraph — BTC volatility
• Negative Sentiment: Public skepticism and competitive pressure (comments from high-profile investors, Jim Cramer avoiding COIN, and data showing rivals outpacing Coinbase in some metrics) raise near-term risk to growth and market share. Yahoo Finance — competition

Insiders Place Their Bets

In related news, CEO Brian Armstrong sold 40,000 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $271.87, for a total transaction of $10,874,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Grewal sold 11,955 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $246.18, for a total value of $2,943,081.90. Following the completion of the sale, the insider directly owned 75,811 shares in the company, valued at $18,663,151.98. This trade represents a 13.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 672,498 shares of company stock valued at $137,109,701. Company insiders own 16.56% of the company’s stock.

Coinbase Global 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.