Robeco Institutional Asset Management B.V. Sells 204,694 Shares of Coinbase Global, Inc. $COIN

Key Points

• Robeco Institutional Asset Management cut its Coinbase stake by 39.7%, selling 204,694 shares in Q4 and now holds 311,014 shares worth about $70.33 million (≈0.12% of COIN).
• Coinbase missed quarterly expectations, reporting EPS of $0.66 versus $0.83 expected and revenue of $1.78B versus $1.86B expected, with revenue down 21.6% year-over-year.
• Significant insider and institutional activity: insiders sold 396,745 shares (~$63.6M) in the last 90 days (including a CFO sale), insiders own 16.56% of the company, institutional ownership is 68.84%, and analysts' average rating is "Hold" with a $260.11 average price target.

Robeco Institutional Asset Management B.V. reduced its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 39.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 311,014 shares of the cryptocurrency exchange's stock after selling 204,694 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.12% of Coinbase Global worth $70,333,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of COIN. Integrated Wealth Concepts LLC increased its holdings in Coinbase Global by 24.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,119 shares of the cryptocurrency exchange's stock valued at $365,000 after acquiring an additional 413 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Coinbase Global by 25.8% in the 1st quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange's stock worth $1,478,000 after buying an additional 1,761 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Coinbase Global by 9.9% in the 1st quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange's stock worth $896,000 after buying an additional 467 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Coinbase Global in the 2nd quarter worth $285,000. Finally, Cerity Partners LLC grew its stake in shares of Coinbase Global by 8.6% in the 2nd quarter. Cerity Partners LLC now owns 17,694 shares of the cryptocurrency exchange's stock worth $6,203,000 after buying an additional 1,402 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors.

Coinbase Global Price Performance

Coinbase Global stock opened at $167.85 on Monday. The stock has a market cap of $44.33 billion, a price-to-earnings ratio of 38.23, a price-to-earnings-growth ratio of 3.73 and a beta of 3.60. 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, Inc. has a 1 year low of $139.36 and a 1 year high of $444.64. The firm has a 50-day moving average of $178.41 and a two-hundred day moving average of $245.67.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Compass Point dropped their price objective on shares of Coinbase Global from $190.00 to $140.00 and set a "sell" rating for the company in a research note on Friday, February 20th. President Capital dropped their price target on shares of Coinbase Global from $472.00 to $236.00 and set a "buy" rating for the company in a research note on Wednesday, February 25th. Robert W. Baird dropped their price target on shares of Coinbase Global from $215.00 to $200.00 and set a "neutral" rating for the company in a research note on Wednesday, April 1st. BTIG Research dropped their price target on shares of Coinbase Global from $340.00 to $280.00 and set a "buy" rating for the company in a research note on Friday, February 13th. Finally, UBS Group set a $264.00 price target on shares of Coinbase Global in a research note on Friday, February 13th. Nineteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $260.11.

Trending Headlines about Coinbase Global

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 Activity

In other news, CFO Alesia J. Haas sold 9,950 shares of the business's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $201.60, for a total value of $2,005,920.00. Following the completion of the sale, the chief financial officer owned 387,221 shares in the company, valued at approximately $78,063,753.60. The trade was a 2.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of the business's stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $250.27, for a total transaction of $344,121.25. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 396,745 shares of company stock valued at $63,576,559. Company insiders own 16.56% of the company's stock.

About Coinbase Global

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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