Argent Capital Management LLC Cuts Position in Coinbase Global, Inc. $COIN

Argent Capital Management LLC decreased its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 67.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,476 shares of the cryptocurrency exchange’s stock after selling 3,126 shares during the period. Argent Capital Management LLC’s holdings in Coinbase Global were worth $334,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC increased its position in Coinbase Global by 10.4% during the fourth quarter. Park Avenue Securities LLC now owns 3,344 shares of the cryptocurrency exchange’s stock worth $756,000 after buying an additional 316 shares in the last quarter. GoalVest Advisory LLC lifted its position in shares of Coinbase Global by 33.1% in the fourth quarter. GoalVest Advisory LLC now owns 7,055 shares of the cryptocurrency exchange’s stock valued at $1,595,000 after acquiring an additional 1,755 shares in the last quarter. Union Bancaire Privee UBP SA boosted its stake in shares of Coinbase Global by 12,431.4% during the fourth quarter. Union Bancaire Privee UBP SA now owns 13,158 shares of the cryptocurrency exchange’s stock valued at $2,976,000 after acquiring an additional 13,053 shares during the last quarter. Triumph Capital Management purchased a new stake in Coinbase Global during the 3rd quarter worth about $312,000. Finally, Sherman Porfolios LLC purchased a new stake in Coinbase Global during the 3rd quarter worth about $200,000. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft set a $250.00 price target on Coinbase Global in a report on Friday, February 13th. Barclays reduced their target price on Coinbase Global from $258.00 to $148.00 and set an “equal weight” rating on the stock in a report on Friday, February 13th. Canaccord Genuity Group decreased their price objective on shares of Coinbase Global from $400.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Rothschild & Co Redburn boosted their price target on Coinbase Global from $277.00 to $281.00 and gave the stock a “buy” rating in a research report on Friday. Finally, 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 report on Thursday, January 8th. Nineteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $272.31.

Insider Buying and Selling

In other news, CEO Brian Armstrong sold 40,000 shares of Coinbase Global stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $248.96, for a total transaction of $9,958,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Alesia J. Haas sold 364,600 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $154.95, for a total value of $56,494,770.00. Following the completion of the sale, the chief financial officer directly owned 402,165 shares of the company’s stock, valued at $62,315,466.75. This represents a 47.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 478,120 shares of company stock valued at $83,884,750 in the last three months. Insiders own 16.56% of the company’s stock.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Expansion of derivatives and 24/7 market access — Coinbase rolled out stock perpetual futures for non‑U.S. users, widening its derivatives product suite and creating a new, always‑on revenue stream for international customers. Coinbase launches 24/7 stock perps for non-US traders
• Positive Sentiment: Tokenized fund & asset management expansion — Coinbase Asset Management and Apex launched a tokenized Bitcoin Yield Fund on Base, demonstrating new product distribution and fee opportunities for institutional customers. Coinbase, Apex tokenize Bitcoin Yield Fund on Base
• Positive Sentiment: Partnership & expansion chatter — Reports of a potential large‑scale tie‑up with Bybit and new Chainlink CCIP selection for asset transfers signal distribution and infrastructure wins that could materially scale Coinbase’s derivatives and cross‑chain flows. Coinbase to Boost Global Expansion With Bybit Partnership? Coinbase Selects Chainlink CCIP
• Positive Sentiment: Analyst support — Rothschild & Co Redburn raised its price target on COIN, signaling constructive sell‑side views that can buoy investor sentiment. Rothschild & Co Redburn adjusts PT on Coinbase
• Neutral Sentiment: Insider sale disclosed — CFO Alesia Haas sold ~9,950 shares (~$2.0M); the sale is small relative to her holdings and can be routine liquidity rather than a signal of company weakness. SEC Form 4
• Neutral Sentiment: Industry tailwinds — A Coinbase survey showed rising institutional appetite for crypto (73% plan to increase exposure), which supports longer‑term revenue potential even if flows are variable. 73% of Institutional Investors Plan to Increase Crypto Holdings
• Negative Sentiment: Security and phishing concerns — A Coinbase‑linked Commerce page was reported to prompt users for seed phrases, raising user‑security and reputational risk that can dent retail trust and platform usage. Coinbase subdomain seed phrase security concern
• Negative Sentiment: Malware and wallet attacks — Reports of iOS‑targeting DarkSword malware affecting crypto wallets (including Coinbase) amplify security worries and could reduce retail activity. DarkSword Malware Strikes iOS
• Negative Sentiment: Competitive & macro/crypto headwinds — Missed inorganic opportunities (BVNK → Mastercard) and a possible Bitcoin pullback or “bull trap” heighten short‑term revenue risk for Coinbase, and some outlets have flagged the stock in negative screens (e.g., Zacks). Mastercard Acquires BVNK Bitcoin bull trap warning Zacks: COIN vs GOLD

Coinbase Global Stock Performance

Shares of COIN opened at $197.50 on Friday. The firm has a market cap of $52.16 billion, a price-to-earnings ratio of 44.99, a price-to-earnings-growth ratio of 3.57 and a beta of 3.70. 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 company’s fifty day moving average is $194.11 and its 200-day moving average is $261.83. Coinbase Global, Inc. has a 12 month low of $139.36 and a 12 month high of $444.64.

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