Sjbenen Advisory LLC Invests $13.55 Million in Coinbase Global, Inc. $COIN

Key Points

• Sjbenen Advisory LLC bought a new stake of 59,900 shares in Coinbase valued at about $13.55 million, making COIN roughly 7.5% of Sjbenen's holdings and its fourth-largest position.
• CFO Alesia J. Haas sold 364,600 shares for about $56.5 million, a transaction that reduced her direct ownership by 47.55%, and insiders have sold 438,120 shares (~$73.9M) in the last 90 days.
• Coinbase recently missed quarterly estimates (EPS $0.66 vs. $0.83 expected; revenue $1.78B vs. $1.86B) with revenue down 21.6% year-over-year, while analysts hold a mixed view—consensus rating "Hold" with an average target of $271.14.

Sjbenen Advisory LLC bought a new stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 59,900 shares of the cryptocurrency exchange's stock, valued at approximately $13,546,000. Coinbase Global makes up approximately 7.5% of Sjbenen Advisory LLC's holdings, making the stock its 4th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Coinbase Global by 8.3% during the third quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange's stock valued at $8,847,905,000 after purchasing an additional 2,007,930 shares during the period. Artisan Partners Limited Partnership bought a new stake in shares of Coinbase Global in the 3rd quarter valued at approximately $224,663,000. Baillie Gifford & Co. purchased a new position in shares of Coinbase Global in the 3rd quarter worth approximately $198,249,000. Assenagon Asset Management S.A. increased its position in shares of Coinbase Global by 1,647.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 507,318 shares of the cryptocurrency exchange's stock valued at $171,215,000 after purchasing an additional 478,281 shares during the last quarter. Finally, Rakuten Investment Management Inc. bought a new position in shares of Coinbase Global during the 3rd quarter valued at approximately $157,015,000. Institutional investors own 68.84% of the company's stock.

Insider Buying and Selling

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 2,750 shares of the company's stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $260.09, for a total value of $715,247.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Alesia J. Haas sold 364,600 shares of the firm'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 transaction of $56,494,770.00. Following the transaction, the chief financial officer directly owned 402,165 shares in the company, valued at approximately $62,315,466.75. This trade represents a 47.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 438,120 shares of company stock valued at $73,878,750 in the last 90 days. Company insiders own 16.56% of the company's stock.

Analysts Set New Price Targets

COIN has been the subject of a number of analyst reports. Jefferies Financial Group lowered their price target on Coinbase Global from $268.00 to $151.00 and set a "hold" rating for the company in a research report on Friday, February 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of Coinbase Global in a research report on Friday, January 9th. Mizuho reduced their target price on shares of Coinbase Global from $280.00 to $170.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 17th. UBS Group set a $264.00 target price on shares of Coinbase Global in a report on Friday, February 13th. Finally, Robert W. Baird lifted their price target on shares of Coinbase Global from $165.00 to $215.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 17th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, Coinbase Global has a consensus rating of "Hold" and an average target price of $271.14.

Coinbase Global News Roundup

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

• Positive Sentiment: New revenue/product initiatives: Coinbase partnered with Better to enable token‑backed, conforming mortgages (buyers can pledge BTC or USDC for down payments), which diversifies product offerings and could create new fees and custody flows. Better and Coinbase Launch the First Token-Backed, Conforming Mortgage
• Positive Sentiment: Street support remains: Goldman Sachs reaffirmed a Buy on COIN (lowered PT to $235 but keeps Buy), signaling analyst conviction that shares can recover as crypto markets stabilize. Goldman Sachs Sets COIN Target at $235
• Positive Sentiment: Venture and ecosystem bets: Coinbase Ventures participated in deals (e.g., Tazapay funding), keeping the firm engaged in infrastructure that can feed future product/pricing opportunities. Circle leads Tazapay extension as total Series B reaches $36M
• Neutral Sentiment: Institutional research / survey takeaways (Coinbase/EY): results on institutional allocations (e.g., interest in Solana/XRP) highlight Coinbase’s role supplying research and custody to big buyers but are indirect for near‑term revenue. Survey Shows Institutions Want Solana Over XRP And Dogecoin
• Negative Sentiment: Custody/insurance pain points: reporting that crypto thefts reached $2.7B and that Coinbase’s coverage limits have left some investors exposed — plus a published denial of a ~$100k claim — are fueling concerns about client protection and litigation/PR risk. Crypto Thefts Hit $2.7 Billion as Coinbase Coverage Limits Raise Investor Questions
• Negative Sentiment: Regulatory and legal friction: Coinbase continues to oppose parts of the Senate’s stablecoin/market‑structure talks and is engaged in lawsuits over prediction markets (Michigan), drawing regulatory scrutiny and potential constraints on core product strategies. Coinbase opposes latest crypto bill stablecoin compromise
• Negative Sentiment: User backlash over prediction‑market promos: reports of aggressive in‑app notifications promoting event bets have dented trust and raised consumer‑protection concerns that could attract regulatory attention. Coinbase users push back against prediction markets notifications

Coinbase Global Stock Performance

Shares of Coinbase Global stock opened at $161.14 on Monday. 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 stock's fifty day moving average is $187.42 and its two-hundred day moving average is $256.71. Coinbase Global, Inc. has a 52 week low of $139.36 and a 52 week high of $444.64. The company has a market capitalization of $42.55 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 2.79 and a beta of 3.70.

Coinbase Global (NASDAQ:COIN - Get Free Report) last released its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.17). The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.86 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The firm's revenue for the quarter was down 21.6% compared to the same quarter last year. During the same quarter last year, the business posted $4.68 earnings per share. As a group, analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

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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