Donor Advised Charitable Giving Inc. Makes New $1.92 Million Investment in Coinbase Global, Inc. $COIN

Key Points

• Donor Advised Charitable Giving Inc. opened a new position in Coinbase, acquiring 8,476 shares valued at about $1.92 million, making it the firm's 13th-largest holding.
• Insiders have been net sellers recently: a director sold 1,375 shares and the CFO sold 9,950 shares (~$2.01 million), with insiders offloading 396,745 shares (~$63.6 million) in the past 90 days while still owning 16.56% of the company.
• Corporate catalysts are mixed — CEO support for the CLARITY Act, an Australian AFSL and product upgrades could boost institutional uptake, but falling spot crypto volumes and several analyst downgrades pose near-term revenue and sentiment headwinds.

Donor Advised Charitable Giving Inc. acquired a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,476 shares of the cryptocurrency exchange's stock, valued at approximately $1,917,000. Coinbase Global comprises approximately 0.0% of Donor Advised Charitable Giving Inc.'s investment portfolio, making the stock its 13th biggest holding.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Coinbase Global by 8.3% during the third quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange's stock worth $8,847,905,000 after buying an additional 2,007,930 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Coinbase Global during the third quarter worth about $14,491,000. FengHe Fund Management Pte. Ltd. grew its holdings in shares of Coinbase Global by 119.1% during the third quarter. FengHe Fund Management Pte. Ltd. now owns 69,900 shares of the cryptocurrency exchange's stock worth $23,591,000 after buying an additional 38,000 shares during the last quarter. Liontrust Investment Partners LLP grew its holdings in shares of Coinbase Global by 73.1% during the second quarter. Liontrust Investment Partners LLP now owns 83,058 shares of the cryptocurrency exchange's stock worth $29,111,000 after buying an additional 35,068 shares during the last quarter. Finally, Artisan Partners Limited Partnership purchased a new position in shares of Coinbase Global during the third quarter worth about $224,663,000. Hedge funds and other institutional investors own 68.84% of the company's stock.

Coinbase Global News Summary

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

Insider Transactions at Coinbase Global

In related news, Director Frederick Ernest Ehrsam III sold 1,375 shares of the firm's stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $250.27, for a total value of $344,121.25. The sale 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 firm's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $201.60, for a total transaction of $2,005,920.00. Following the completion of the sale, the chief financial officer owned 387,221 shares of the company's stock, valued at approximately $78,063,753.60. The trade was a 2.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 396,745 shares of company stock valued at $63,576,559. 16.56% of the stock is owned by insiders.

Coinbase Global Price Performance

Shares of NASDAQ:COIN opened at $167.85 on Friday. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.40. The company has a market cap of $44.33 billion, a P/E ratio of 38.23, a PEG ratio of 3.28 and a beta of 3.60. Coinbase Global, Inc. has a 52 week low of $139.36 and a 52 week high of $444.64. The company has a 50-day moving average price of $178.41 and a 200 day moving average price of $246.71.

Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The cryptocurrency exchange reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.17). The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.86 billion. Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. Coinbase Global's revenue for the quarter was down 21.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.68 EPS. Research analysts predict that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Wall Street Analyst Weigh In

COIN has been the topic of a number of research reports. Oppenheimer lowered their price target on Coinbase Global from $381.00 to $370.00 and set an "outperform" rating on the stock in a report on Monday, January 12th. China Renaissance lowered their price target on Coinbase Global from $301.50 to $223.20 and set a "buy" rating on the stock in a report on Monday, February 23rd. Citizens Jmp lowered their price target on Coinbase Global from $400.00 to $355.00 and set a "market outperform" rating on the stock in a report on Friday. Mizuho lowered their price target on Coinbase Global from $280.00 to $170.00 and set a "neutral" rating on the stock in a report on Tuesday, February 17th. Finally, Monness Crespi & Hardt lowered Coinbase Global from a "hold" rating to a "sell" rating in a report on Monday, February 23rd. Nineteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, Coinbase Global presently has an average rating of "Hold" and an average price target of $260.11.

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.

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