Coinbase Global, Inc. $COIN Shares Bought by Carnegie Investment Counsel

Key Points

• Carnegie Investment Counsel boosted its stake in Coinbase by 941% in Q4 to 8,713 shares (about $1.97M), and institutional investors now own roughly 68.84% of the stock.
• Company insiders have been net sellers recently — including the CFO's sale of 9,950 shares — with insiders disposing of 396,745 shares worth $63.58M in the last quarter (insiders still own 16.56%).
• Q4 results missed estimates (EPS $0.66 vs. $0.83 expected; revenue $1.78B vs. $1.86B expected; revenue down 21.6% YoY), and analysts are mixed with a consensus "Hold" and a $260.11 price target.

Carnegie Investment Counsel lifted its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 941.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,713 shares of the cryptocurrency exchange's stock after buying an additional 7,876 shares during the period. Carnegie Investment Counsel's holdings in Coinbase Global were worth $1,970,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of COIN. Capital Advisors Wealth Management LLC raised its position in Coinbase Global by 2.0% in the third quarter. Capital Advisors Wealth Management LLC now owns 1,549 shares of the cryptocurrency exchange's stock worth $523,000 after acquiring an additional 30 shares in the last quarter. Elevation Wealth Partners LLC grew its stake in shares of Coinbase Global by 37.6% during the 3rd quarter. Elevation Wealth Partners LLC now owns 117 shares of the cryptocurrency exchange's stock worth $39,000 after purchasing an additional 32 shares during the period. West Family Investments Inc. grew its stake in shares of Coinbase Global by 3.3% during the 3rd quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange's stock worth $347,000 after purchasing an additional 33 shares during the period. Forvis Mazars Wealth Advisors LLC increased its holdings in shares of Coinbase Global by 3.4% in the 3rd quarter. Forvis Mazars Wealth Advisors LLC now owns 1,040 shares of the cryptocurrency exchange's stock valued at $351,000 after purchasing an additional 34 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Coinbase Global by 17.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 241 shares of the cryptocurrency exchange's stock valued at $81,000 after purchasing an additional 35 shares in the last quarter. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 1,375 shares of the firm's stock in a transaction on Thursday, January 15th. The stock was 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Alesia J. Haas sold 9,950 shares of the business's stock in a transaction on Monday, March 16th. The stock was sold at an average price of $201.60, for a total value of $2,005,920.00. Following the completion of the transaction, the chief financial officer directly owned 387,221 shares of the company's stock, valued at approximately $78,063,753.60. This trade represents a 2.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 396,745 shares of company stock worth $63,576,559. 16.56% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on COIN shares. Jefferies Financial Group boosted their price objective on shares of Coinbase Global from $151.00 to $181.00 and gave the stock a "hold" rating in a report on Thursday. Bank of America dropped their target price on shares of Coinbase Global from $288.00 to $234.00 in a report on Thursday, April 2nd. Rosenblatt Securities decreased their price target on Coinbase Global from $325.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, February 13th. Zacks Research cut Coinbase Global from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Coinbase Global in a research note on Friday, January 9th. Nineteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Coinbase Global has a consensus rating of "Hold" and a consensus price target of $260.11.

More Coinbase Global News

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

• Positive Sentiment: CEO Brian Armstrong publicly reversed course and now supports passage of the CLARITY Act, reducing a major source of regulatory uncertainty that could improve institutional participation and listings in the U.S. Coinbase CEO backs US Treasury Secretary‘s push to pass CLARITY Act
• Positive Sentiment: Coinbase Australia received an Australian Financial Services Licence (AFSL), enabling crypto and equity perpetuals (and later futures/options) — a clear expansion path to capture fee pools outside the U.S. Coinbase Gains AFSL, Strengthens Australia Expansion Push
• Positive Sentiment: Product/platorm revenue optionality: Coinbase upgraded its x402 protocol to support usage-based AI payments (Upto), enabling gasless, usage-priced flows that can open new developer & payments revenue streams. x402 protocol adds usage-based pricing for AI compute requests
• Positive Sentiment: Asset-management expansion: Coinbase Asset Management co-launched a Bitcoin–tokenized-gold index (Store of Value Index), broadening institutional product offerings. This can boost AUM and fee diversification over time. MarketVector Indexes and Coinbase Asset Management Launch the Coinbase Store of Value Index (COINSOV)
• Positive Sentiment: Broker/analyst moves: Jefferies raised its price target (to $181) and some analysts (e.g., Citizens JMP) remain bullish on COIN despite trimming targets — signaling pockets of confidence among institutional analysts. Jefferies adjusts price target on Coinbase Global to $181
• Neutral Sentiment: Data oddity: reported short interest shows effectively zero days-to-cover — likely a reporting artifact rather than a material flow; monitor for updated filings. (internal short-interest report)
• Neutral Sentiment: Behavioral shift: some retail traders are migrating to prediction/derivatives venues (Kalshi/Polymarket), which could change retail order flow patterns but isn’t an immediate revenue read. Coinbase's retail traders haven't left the market
• Negative Sentiment: Analyst downgrades and caution: Barclays and other firms cut ratings or lowered outlooks, flagging weaker 2026 crypto market start and profitability concerns — headwinds for sentiment and near-term multiple compression. Coinbase Global NASDAQ: COIN Rating Lowered to "Underweight" at Barclays
• Negative Sentiment: Macro/volume risk: spot crypto volumes fell in March (broad-based decline); lower spot trading typically reduces exchange trading fees — a direct revenue headwind for COIN until volumes rebound. Spot Crypto Volumes Drop Nearly 20% in March

Coinbase Global Stock Performance

NASDAQ:COIN opened at $167.85 on Monday. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $44.33 billion, a P/E ratio of 38.23, a price-to-earnings-growth ratio of 3.73 and a beta of 3.60. The firm has a 50-day moving average price of $178.41 and a two-hundred day moving average price of $245.67. Coinbase Global, Inc. has a twelve month low of $139.36 and a twelve month high of $444.64.

Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its quarterly 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). Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The business had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same period last year, the company earned $4.68 EPS. The firm's revenue for the quarter was down 21.6% on a year-over-year basis. As a group, research analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal 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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