Fulcrum Asset Management LLP Acquires 21,915 Shares of Coinbase Global, Inc. $COIN

Fulcrum Asset Management LLP bought a new stake in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,915 shares of the cryptocurrency exchange's stock, valued at approximately $4,164,000.

Several other large investors have also bought and sold shares of COIN. Allspring Global Investments Holdings LLC lifted its holdings in Coinbase Global by 4.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 575,474 shares of the cryptocurrency exchange's stock valued at $108,931,000 after acquiring an additional 25,191 shares during the last quarter. M Holdings Securities Inc. bought a new position in shares of Coinbase Global during the 3rd quarter valued at about $324,000. Candriam S.C.A. grew its stake in shares of Coinbase Global by 12.1% in the 3rd quarter. Candriam S.C.A. now owns 27,614 shares of the cryptocurrency exchange's stock worth $5,166,000 after purchasing an additional 2,979 shares during the last quarter. Ethic Inc. grew its stake in shares of Coinbase Global by 5.3% in the 3rd quarter. Ethic Inc. now owns 13,571 shares of the cryptocurrency exchange's stock worth $2,530,000 after purchasing an additional 679 shares during the last quarter. Finally, StoneX Group Inc. grew its stake in shares of Coinbase Global by 1,255.4% in the 3rd quarter. StoneX Group Inc. now owns 19,274 shares of the cryptocurrency exchange's stock worth $3,593,000 after purchasing an additional 17,852 shares during the last quarter. Institutional investors own 68.84% of the company's stock.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: The OCC’s final approval of Coinbase National Trust Company is a regulatory milestone that could strengthen its position in institutional crypto custody. The charter permits fiduciary custody services, but Coinbase is not becoming a commercial bank; moving its existing custody business under the charter is expected to take up to three years. Coinbase’s US national trust bank charter takes effect
• Positive Sentiment: PNC Bank is piloting incoming USDC payments for eligible corporate and institutional clients using Coinbase’s payments infrastructure. The partnership may support broader adoption of Coinbase’s services and more efficient payments. PNC Bank tests turning USDC payments into dollar deposits
• Positive Sentiment: Coinbase also began allowing eligible U.S. users, excluding New York, to borrow USDC against tokenized gold (PAXG). The new collateral option expands its lending products, though its financial contribution is not yet clear. Coinbase Users Can Now Borrow USDC Against Tokenized Gold
• Neutral Sentiment: PNC did not disclose the pilot’s fees, settlement benchmarks, or number of participating clients, making its near-term revenue potential difficult to assess. PNC Bank tests turning USDC payments into dollar deposits
• Negative Sentiment: Recent reports point to a roughly 16% decline since Coinbase’s Oct. 29 earnings, citing a weak quarter alongside Bitcoin’s slide and broader crypto-market selling. COIN has recently traded near its 52-week low, so market sentiment may outweigh the new business catalysts in the near term. Coinbase Just Hit a New 52-Week Low After Losing 16% Since Earnings
• Negative Sentiment: Freedom Broker reduced its price target for COIN, adding to cautious analyst sentiment. Coinbase Global Stock Gets Price Target Reduction from Freedom Broker

Wall Street Analysts Forecast Growth

A number of analysts recently commented on COIN shares. Keefe, Bruyette & Woods dropped their target price on shares of Coinbase Global from $237.00 to $221.00 and set an "outperform" rating on the stock in a report on Tuesday, November 3rd. Raymond James Financial assumed coverage on shares of Coinbase Global in a report on Wednesday, July 22nd. They set a "market perform" rating for the company. Zacks Research upgraded shares of Coinbase Global from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 9th. Weiss Ratings raised Coinbase Global from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, October 8th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $200.00 price objective on shares of Coinbase Global in a research report on Thursday, October 29th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, Coinbase Global currently has an average rating of "Hold" and an average price target of $209.88.

Coinbase Global Stock Performance

Coinbase Global stock opened at $136.10 on Tuesday. The firm's 50 day simple moving average is $174.50 and its 200-day simple moving average is $175.81. The company has a market cap of $35.91 billion, a P/E ratio of -48.09 and a beta of 3.35. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.42 and a quick ratio of 2.42. Coinbase Global, Inc. has a fifty-two week low of $131.10 and a fifty-two week high of $324.80.

Insider Activity

In other Coinbase Global news, CFO Alesia Haas sold 39,030 shares of the business's stock in a transaction on Monday, September 21st. The shares were sold at an average price of $205.24, for a total transaction of $8,010,517.20. Following the sale, the chief financial officer directly owned 345,376 shares of the company's stock, valued at $70,884,970.24. The trade was a 10.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer Jones sold 2,062 shares of the business's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $188.75, for a total transaction of $389,202.50. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 92,120 shares of company stock valued at $17,968,544. 16.66% of the stock is currently owned by company insiders.

Coinbase Global Profile

Coinbase Global operates a cryptocurrency platform serving individual consumers, businesses and institutional clients. Its services include buying, selling and holding digital assets, as well as trading tools and cryptocurrency custody services.

The company also offers products for developers and businesses building on blockchain networks, including Base, its Ethereum layer-2 network. Coinbase supports the USDC stablecoin through its partnership with Circle and provides services such as staking and payment infrastructure.

Founded in 2012 by Brian Armstrong and Fred Ehrsam, Coinbase is headquartered in the United States and serves customers in the U.S.

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