Danske Bank A S Acquires 22,084 Shares of Coinbase Global, Inc. $COIN

Key Points

• Danske Bank A/S raised its stake in Coinbase by 19.9%, buying 22,084 shares to hold 133,265 shares worth about $30.14 million, joining other institutional buyers as 68.84% of COIN is institutionally owned.
• Coinbase missed estimates in the latest quarter with EPS of $0.66 and revenue of $1.78 billion (down 21.6% YoY), and analysts' consensus sits at a “Hold” rating with an average target of $262.
• Insiders have been net sellers—most notably CFO Alesia J. Haas sold 364,600 shares (a ~47.6% reduction in her holdings)—while ongoing regulatory and crypto‑market risks pose material near‑term headwinds.

Danske Bank A S lifted its position in Coinbase Global, Inc. (NASDAQ:COIN) by 19.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,265 shares of the cryptocurrency exchange's stock after purchasing an additional 22,084 shares during the quarter. Danske Bank A S's holdings in Coinbase Global were worth $30,137,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Coinbase Global by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 26,400,836 shares of the cryptocurrency exchange's stock worth $5,970,285,000 after purchasing an additional 184,043 shares during the last quarter. Northern Trust Corp grew its position in Coinbase Global by 5.9% in the third quarter. Northern Trust Corp now owns 1,959,871 shares of the cryptocurrency exchange's stock worth $661,437,000 after acquiring an additional 108,751 shares in the last quarter. Legal & General Group Plc grew its position in Coinbase Global by 5.0% in the third quarter. Legal & General Group Plc now owns 1,193,784 shares of the cryptocurrency exchange's stock worth $402,890,000 after acquiring an additional 57,164 shares in the last quarter. Baillie Gifford & Co. grew its position in Coinbase Global by 41.1% in the fourth quarter. Baillie Gifford & Co. now owns 829,081 shares of the cryptocurrency exchange's stock worth $187,488,000 after acquiring an additional 241,659 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Coinbase Global by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 783,273 shares of the cryptocurrency exchange's stock worth $264,320,000 after acquiring an additional 8,636 shares in the last quarter. 68.84% of the stock is owned by institutional investors.

Coinbase Global Stock Up 1.9%

Shares of NASDAQ:COIN opened at $191.25 on Friday. Coinbase Global, Inc. has a 1 year low of $139.36 and a 1 year high of $444.64. The business has a 50 day simple moving average of $187.15 and a two-hundred day simple moving average of $230.62. The firm has a market capitalization of $50.50 billion, a PE ratio of 43.57, a price-to-earnings-growth ratio of 4.33 and a beta of 3.38. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.34.

Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its 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 for the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter last year, the firm earned $4.68 EPS. The firm's quarterly revenue was down 21.6% on a year-over-year basis. On average, equities analysts predict that Coinbase Global, Inc. will post 2.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on COIN. Monness Crespi & Hardt lowered Coinbase Global from a "hold" rating to a "sell" rating in a research report on Monday, February 23rd. China Renaissance dropped their price target on Coinbase Global from $301.50 to $223.20 and set a "buy" rating for the company in a research report on Monday, February 23rd. The Goldman Sachs Group dropped their price target on Coinbase Global from $235.00 to $225.00 and set a "buy" rating for the company in a research report on Wednesday, April 8th. Citizens Jmp dropped their price target on Coinbase Global from $400.00 to $355.00 and set a "market outperform" rating for the company in a research report on Friday, April 10th. Finally, Robert W. Baird dropped their target price on Coinbase Global from $215.00 to $200.00 and set a "neutral" rating for the company in a research report on Wednesday, April 1st. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Coinbase Global has a consensus rating of "Hold" and an average target price of $262.07.

Coinbase Global News Roundup

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

• Positive Sentiment: Large staking flows routed through Coinbase Prime — Bitmine staked ~$508M of ETH in one day via Coinbase Prime, increasing custody and staking activity that can boost institutional revenue and stickiness. Bitmine Stakes $508M ETH
• Positive Sentiment: Product expansion — Coinbase launched “CUSHY” and added a tokenized share class to a digital credit fund, pushing into tokenized private credit and stablecoin credit markets that could create new fee streams and institutional demand. Coinbase Launches CUSHY
• Positive Sentiment: Regulatory positioning — Coinbase and peers backed a CFTC ban on casino‑style prediction markets while defending sports markets, a stance that may reduce risky product exposure and steer regulatory outcomes more favorably for mainstream exchange offerings. Coinbase, Robinhood Back Push
• Positive Sentiment: Analyst/upside narrative — Recent analyst interest and coverage (including positive notes and raised targets) continue to support bullish sentiment among some investors. Why Prediction Market Matters
• Neutral Sentiment: New token listings — MegaETH launched across major exchanges including Coinbase without listing fees; listings can drive short-term volume but impact on long‑term revenue is unclear. MegaETH Token Debuts
• Neutral Sentiment: Retail/investor attention — Zacks/Yahoo pieces note elevated investor interest in COIN; attention can amplify moves but doesn’t guarantee fundamentals change. Coinbase Attracting Investor Attention
• Negative Sentiment: Crypto market breadth warning — CNBC reports April’s BTC rally was driven by leveraged derivatives while spot demand contracted, raising the risk that trading volume and real‑money flows (key to Coinbase revenue) could falter. Bitcoin surged in April
• Negative Sentiment: Ongoing regulatory/legal risk — Coverage highlights that a finding that Coinbase acted as a “seller” could have harmful precedents; unresolved SEC-related legal exposure remains a major overhang on valuation. Finding Coinbase a 'Seller' Would Bring Harms
• Negative Sentiment: Near-term earnings risk — Analyst previews expect a decline in upcoming earnings, leaving the stock sensitive to any further misses. Analysts Estimate Earnings Decline

Insider Activity

In related news, CFO Alesia J. Haas sold 364,600 shares of the business's stock in a transaction that occurred 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 owned 402,165 shares in the company, valued at approximately $62,315,466.75. The trade was a 47.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 394,590 shares of company stock worth $62,508,690 in the last ninety days. 16.56% of the stock is owned by insiders.

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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