Cim Investment Management Inc. Sells 4,555 Shares of Coinbase Global, Inc. $COIN

Cim Investment Management Inc. cut its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 50.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,443 shares of the cryptocurrency exchange’s stock after selling 4,555 shares during the quarter. Cim Investment Management Inc.’s holdings in Coinbase Global were worth $1,499,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Eaton Financial Holdings Company LLC bought a new stake in Coinbase Global during the 3rd quarter worth about $324,000. Palisade Asset Management LLC acquired a new stake in shares of Coinbase Global in the third quarter valued at about $29,000. Kestra Private Wealth Services LLC raised its holdings in Coinbase Global by 5.7% during the third quarter. Kestra Private Wealth Services LLC now owns 26,501 shares of the cryptocurrency exchange’s stock worth $8,944,000 after acquiring an additional 1,437 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Coinbase Global by 28.8% during the third quarter. NewEdge Advisors LLC now owns 17,155 shares of the cryptocurrency exchange’s stock worth $5,790,000 after acquiring an additional 3,840 shares in the last quarter. Finally, Vivaldi Capital Management LP boosted its position in Coinbase Global by 1.6% during the third quarter. Vivaldi Capital Management LP now owns 14,132 shares of the cryptocurrency exchange’s stock valued at $4,769,000 after purchasing an additional 223 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Alesia J. Haas sold 364,600 shares of the company’s stock in a transaction 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 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 filing with the SEC, which is accessible through this link. Also, Director Frederick Ernest Ehrsam III sold 2,750 shares of the company’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $260.09, for a total value of $715,247.50. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 469,545 shares of company stock worth $82,226,458 over the last three months. 16.56% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Piper Sandler decreased their price target on Coinbase Global from $270.00 to $150.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. President Capital cut their price objective on Coinbase Global from $472.00 to $236.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft set a $250.00 target price on shares of Coinbase Global in a research note on Friday, February 13th. Citigroup lowered their target price on shares of Coinbase Global from $505.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Finally, BTIG Research cut their price target on shares of Coinbase Global from $340.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, February 13th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $272.17.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Bitcoin-led market rally pushed Coinbase back above a key moving average, supporting trading volume and sentiment for crypto-native stocks. Coinbase Stock Retakes Key Level As Bitcoin Rebounds; Is Coinbase Stock A Buy Now?
• Positive Sentiment: Coinbase’s x402 micropayments protocol is integrated into World’s new AgentKit, enabling human-verified AI agents to make stablecoin micropayments — a potential new recurring revenue channel as AI commerce scales. World launches AgentKit with Coinbase integration to enable human-verified AI agents
• Positive Sentiment: Analyst and media pieces highlight Coinbase’s shift toward recurring revenues and the “Everything Exchange” strategy (expanding beyond crypto into stocks, ETFs, futures and prediction markets), supporting a longer-term growth narrative. Coinbase: ‘Everything Exchange’ Is A Game Changer
• Positive Sentiment: Coverage noting stablecoins and AI as core growth engines reinforces investor interest in Coinbase’s non-fee revenue streams (custody, staking, payments). Why Stablecoins and AI are Coinbase’s Real Growth Engine
• Neutral Sentiment: Robert W. Baird raised its price target from $165 to $215 but kept a “neutral” rating—an endorsement for upside near current levels but not a clear buy signal. Benzinga
• Neutral Sentiment: Feature articles are re-evaluating Coinbase as a buy-and-hold and its competitive positioning; useful context but mixed conclusions for near-term trading. Is Coinbase (COIN) Still The Best Crypto Stock To Buy and Hold?
• Negative Sentiment: Mastercard agreed to acquire stablecoin startup BVNK for up to $1.8B; BVNK had previously been in talks with Coinbase (~$2B). That outcome may signal a missed strategic acquisition opportunity for Coinbase in stablecoin/payments infrastructure. Mastercard to acquire crypto startup BVNK for up to $1.8 billion in largest stablecoin deal to date
• Negative Sentiment: Zacks added COIN to its Rank #5 (Strong Sell) list — a headline risk that can pressure sentiment despite other positive signals. New Strong Sell Stocks for March 17th
• Negative Sentiment: Technical analysts warn a bitcoin rejection at higher resistance could become a “bull trap,” which would weigh on Coinbase’s trading revenue if BTC reverses. Bitcoin sparks ‘bull trap’ warning after BTC price rejects at $76K

Coinbase Global Stock Up 3.4%

COIN opened at $210.23 on Wednesday. The stock has a market capitalization of $55.52 billion, a price-to-earnings ratio of 47.89, a PEG ratio of 3.58 and a beta of 3.70. The firm has a 50 day moving average price of $196.71 and a 200-day moving average price of $263.42. Coinbase Global, Inc. has a twelve month low of $139.36 and a twelve month high of $444.64. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.40.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.17). The firm had revenue of $1.78 billion during 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%.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 business posted $4.68 earnings per share. Equities research analysts forecast that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

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.