Allen Investment Management LLC Sells 68,437 Shares of Coinbase Global, Inc. $COIN

Key Points

• Allen Investment Management reduced its Coinbase stake by 31.3% in the fourth quarter, selling 68,437 shares and leaving it with 149,921 shares valued at about $33.9 million.
• Coinbase is expanding internationally by launching direct INR deposits and withdrawals in India, a move that could help drive long-term user growth by making it easier for local traders to fund accounts and trade crypto.
• Analyst sentiment remains mixed: several firms cut price targets, including B. Riley to $203, while MarketBeat’s consensus rating on Coinbase is still “Hold” with an average target price of $250.81.

Allen Investment Management LLC trimmed its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 31.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 149,921 shares of the cryptocurrency exchange's stock after selling 68,437 shares during the period. Allen Investment Management LLC owned 0.06% of Coinbase Global worth $33,903,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. REAP Financial Group LLC purchased a new position in Coinbase Global in the third quarter worth about $25,000. Palisade Asset Management LLC purchased a new position in Coinbase Global during the 3rd quarter valued at $29,000. Foster Dykema Cabot & Partners LLC purchased a new position in Coinbase Global during the 3rd quarter valued at $35,000. JPL Wealth Management LLC bought a new position in Coinbase Global in the 3rd quarter valued at $49,000. Finally, GW&K Investment Management LLC grew its position in Coinbase Global by 32.2% in the 3rd quarter. GW&K Investment Management LLC now owns 152 shares of the cryptocurrency exchange's stock valued at $51,000 after acquiring an additional 37 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors.

Coinbase Global News Roundup

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

• Positive Sentiment: Coinbase expanded its international footprint by launching direct INR deposits and withdrawals in India, giving users access to spot and futures trading through local bank rails after securing regulatory approval. Coinbase launches rupee bank rails in India after FIU nod
• Positive Sentiment: The company’s push into India could support long-term user growth by making it easier for Indian retail traders to fund accounts and trade crypto on Coinbase’s platform. Jamie Dimon calls Coinbase CEO 'full of s--t,' vows to fight crypto-friendly bill in Congress
• Neutral Sentiment: Virtune completed a monthly rebalancing of its Coinbase-linked index ETP, a routine product update that does not appear to be a major direct catalyst for shares. Virtune AB (Publ) has completed the rebalancing for May 2026 of its Virtune Coinbase 50 Index ETP
• Neutral Sentiment: Industry commentary highlighted that Coinbase remains a key crypto-market proxy, with sentiment tied to bitcoin and broader digital-asset moves, but this was mostly explanatory rather than company-specific news. Strategy Slides 6%, Coinbase Drops 5% as Saylor's First Bitcoin Sale in Nearly 4 Years Triggers Crypto Selloff
• Negative Sentiment: B. Riley cut its price target on Coinbase to $203 from $243 and kept a neutral rating, signaling more cautious expectations for the stock’s upside. B. Riley cuts price target on Coinbase Global to $203 from $243, keeps neutral rating
• Negative Sentiment: Coinbase also faced pressure from a broad crypto selloff, with investors focusing on its June 1 convertible-note maturity and the possibility of a cash outflow to retire the notes if conversion conditions were not met. Coinbase slides as crypto prices weaken and investors focus on June 1 convertible-note maturity

Insider Buying and Selling at Coinbase Global

In other news, insider Paul Grewal sold 1,960 shares of the firm's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $176.88, for a total transaction of $346,684.80. Following the sale, the insider directly owned 84,753 shares in the company, valued at $14,991,110.64. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alesia J. Haas sold 10,020 shares of Coinbase Global 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 of the company's stock, valued at approximately $79,434,200. This represents a 2.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 38,566 shares of company stock valued at $7,611,095. 16.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Sanford C. Bernstein reduced their price target on shares of Coinbase Global from $440.00 to $330.00 and set an "outperform" rating on the stock in a research note on Monday, March 30th. Rosenblatt Securities reaffirmed a "buy" rating and set a $240.00 price target on shares of Coinbase Global in a research note on Wednesday, May 6th. Barclays lowered their price target on Coinbase Global from $140.00 to $107.00 and set an "underweight" rating for the company in a report on Friday, May 8th. Canaccord Genuity Group dropped their price objective on Coinbase Global from $400.00 to $300.00 and set a "buy" rating on the stock in a research note on Friday, February 13th. Finally, Bank of America reduced their price objective on Coinbase Global from $288.00 to $234.00 in a report on Thursday, April 2nd. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Coinbase Global has a consensus rating of "Hold" and an average price target of $250.81.

Coinbase Global Stock Performance

Shares of COIN opened at $182.61 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a 50-day moving average of $188.19 and a two-hundred day moving average of $210.58. The stock has a market cap of $48.11 billion, a P/E ratio of 68.65, a P/E/G ratio of 6.67 and a beta of 3.32. Coinbase Global, Inc. has a one year low of $139.36 and a one year high of $444.64.

Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($1.55). The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The firm's revenue for the quarter was down 30.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. As a group, research analysts predict that Coinbase Global, Inc. will post 1.74 EPS for the current year.

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.

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