CIBC Bancorp USA Inc. Acquires Shares of 30,293 Coinbase Global, Inc. $COIN

CIBC Bancorp USA Inc. bought a new stake in Coinbase Global, Inc. (NASDAQ:COIN) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 30,293 shares of the cryptocurrency exchange’s stock, valued at approximately $10,224,000.

Several other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new position in Coinbase Global during the 2nd quarter worth $1,044,354,000. Vanguard Group Inc. raised its position in Coinbase Global by 8.3% in the third quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock worth $8,847,905,000 after acquiring an additional 2,007,930 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of Coinbase Global in the third quarter valued at about $224,663,000. Baillie Gifford & Co. purchased a new stake in shares of Coinbase Global during the 3rd quarter worth approximately $198,249,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Coinbase Global by 53.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock worth $510,284,000 after purchasing an additional 504,068 shares in the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Insider Activity at Coinbase Global

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 1,375 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $250.27, for a total transaction of $344,121.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Alesia J. Haas sold 9,950 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $201.60, for a total value of $2,005,920.00. Following the transaction, the chief financial officer directly owned 387,221 shares in the company, valued at approximately $78,063,753.60. This represents a 2.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 478,120 shares of company stock valued at $83,884,750. Insiders own 16.56% of the company’s stock.

Trending Headlines about 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

Coinbase Global stock opened at $197.50 on Friday. Coinbase Global, Inc. has a fifty-two week low of $139.36 and a fifty-two week high of $444.64. The firm’s 50 day simple moving average is $194.11 and its 200-day simple moving average is $261.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.34. The company has a market cap of $52.16 billion, a P/E ratio of 44.99, a price-to-earnings-growth ratio of 3.57 and a beta of 3.70.

Coinbase Global (NASDAQ:COIN) last posted 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 analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the firm posted $4.68 earnings per share. The company’s revenue for the quarter was down 21.6% on a year-over-year basis. As a group, equities research analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Robert W. Baird increased their price objective on Coinbase Global from $165.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Coinbase Global in a research note on Friday, January 9th. Canaccord Genuity Group lowered their price target on shares of Coinbase Global from $400.00 to $300.00 and set a “buy” rating for the company in a report on Friday, February 13th. China Renaissance dropped their price objective on Coinbase Global from $301.50 to $223.20 and set a “buy” rating on the stock in a report on Monday, February 23rd. Finally, President Capital lowered their target price on shares of Coinbase Global from $472.00 to $236.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Nineteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $272.31.

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.