Coinbase Global, Inc. $COIN Shares Purchased by Allstate Corp

Allstate Corp boosted its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 107.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,261 shares of the cryptocurrency exchange’s stock after acquiring an additional 7,903 shares during the period. Allstate Corp’s holdings in Coinbase Global were worth $3,451,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Coinbase Global by 179.7% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 621 shares of the cryptocurrency exchange’s stock valued at $140,000 after acquiring an additional 399 shares in the last quarter. Clearstead Advisors LLC raised its holdings in Coinbase Global by 61.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,066 shares of the cryptocurrency exchange’s stock valued at $241,000 after acquiring an additional 406 shares in the last quarter. Churchill Financial Advisors LLC acquired a new stake in Coinbase Global in the fourth quarter valued at $337,000. Legal & General Group Plc raised its holdings in Coinbase Global by 1.4% in the fourth quarter. Legal & General Group Plc now owns 1,210,082 shares of the cryptocurrency exchange’s stock valued at $273,648,000 after acquiring an additional 16,298 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in Coinbase Global during the fourth quarter valued at $2,786,000. 68.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Coinbase Global

In related news, CFO Alesia J. Haas sold 10,020 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $200.00, for a total value of $2,004,000.00. Following the completion of the transaction, the chief financial officer owned 397,171 shares in the company, valued at $79,434,200. This represents a 2.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Lawrence J. Brock sold 6,616 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $189.01, for a total transaction of $1,250,490.16. Following the completion of the transaction, the insider owned 517 shares of the company’s stock, valued at $97,718.17. This represents a 92.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 36,606 shares of company stock valued at $7,264,410 in the last quarter. 16.66% of the stock is currently owned by insiders.

Coinbase Global Stock Down 3.5%

Coinbase Global stock opened at $173.78 on Thursday. The company has a 50-day simple moving average of $189.42 and a 200-day simple moving average of $213.23. The firm has a market capitalization of $45.78 billion, a P/E ratio of 65.33, a P/E/G ratio of 6.44 and a beta of 3.38. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.34 and a current ratio of 2.14. Coinbase Global, Inc. has a one year low of $139.36 and a one year high of $444.64.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The business’s quarterly revenue was down 30.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. As a group, equities analysts expect that Coinbase Global, Inc. will post 1.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

COIN has been the subject of several recent research reports. UBS Group set a $264.00 target price on shares of Coinbase Global in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Coinbase Global from $206.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Canaccord Genuity Group lowered their target price 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. HC Wainwright lowered their target price on shares of Coinbase Global from $350.00 to $310.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, BTIG Research lowered their target price 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 investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $252.20.

Key Coinbase Global News

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

• Positive Sentiment: Coinbase expanded its institutional fiat infrastructure through a partnership with Standard Chartered, adding multi-currency funding support in six major currencies. The move should make deposits, withdrawals, and settlement easier for global institutional clients and could support longer-term trading volume. Coinbase, Standard Chartered Partner to Add 6 Currency Access
• Positive Sentiment: Coinbase also pushed further into AI-linked crypto payments with Base MCP, a tool that lets AI assistants like ChatGPT and Claude interact with wallets and execute on-chain actions. That could help position Coinbase’s Base network in an emerging “agentic commerce” trend. Base launches new tool to connect crypto wallets to AI agents
• Positive Sentiment: Coinbase upgraded its U.S. Direct Deposit product, allowing customers to automatically split paychecks between cash and crypto. This could improve user engagement and make recurring investing easier. Coinbase Automates Crypto Investing via Upgraded Direct Deposit
• Neutral Sentiment: Several commentary pieces suggest COIN may be stuck in a trading range and that valuations remain dependent on sustained crypto-market momentum rather than just product announcements. Stock Of The Day: Is This The New Range For Coinbase?
• Neutral Sentiment: Analysts also highlighted weakness in Bitcoin demand and negative Coinbase Premium signals, which point to softer crypto buying interest and can weigh on Coinbase’s near-term trading and transaction outlook. Sell in May and Walk Away” Plays Out as Bitcoin Flashes Bearish Signals
• Negative Sentiment: Insider selling from Lawrence J. Brock may be read cautiously by investors, even though the transaction was made under a pre-arranged trading plan. Coinbase Global Price Performance

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.