Coinbase Global, Inc. $COIN Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 143.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 15,952 shares of the cryptocurrency exchange’s stock after acquiring an additional 9,389 shares during the period. Illinois Municipal Retirement Fund’s holdings in Coinbase Global were worth $5,384,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Varma Mutual Pension Insurance Co grew its holdings in shares of Coinbase Global by 21.9% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 37,800 shares of the cryptocurrency exchange’s stock worth $12,757,000 after acquiring an additional 6,800 shares during the last quarter. Caisse Des Depots ET Consignations acquired a new position in shares of Coinbase Global in the 3rd quarter valued at $2,110,000. Savvy Advisors Inc. increased its stake in Coinbase Global by 14.6% in the 3rd quarter. Savvy Advisors Inc. now owns 3,950 shares of the cryptocurrency exchange’s stock worth $1,333,000 after purchasing an additional 504 shares in the last quarter. Cibc World Market Inc. raised its holdings in Coinbase Global by 1.6% during the 3rd quarter. Cibc World Market Inc. now owns 36,410 shares of the cryptocurrency exchange’s stock worth $12,288,000 after buying an additional 591 shares during the period. Finally, Caprock Group LLC acquired a new stake in Coinbase Global during the 3rd quarter worth about $6,621,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insider Activity at Coinbase Global

In related news, CEO Brian Armstrong sold 40,000 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $248.96, for a total value of $9,958,400.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Alesia J. Haas sold 364,600 shares of Coinbase Global stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $154.95, for a total transaction of $56,494,770.00. Following the completion of the sale, the chief financial officer owned 402,165 shares of the company’s stock, valued at $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. In the last quarter, insiders sold 672,498 shares of company stock valued at $137,109,701. 16.56% of the stock is owned by corporate insiders.

Coinbase Global News Summary

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

• Positive Sentiment: Short‑term buying momentum: traders are buying the post‑earnings drop and the stock has bounced off prior support levels, leading to a sharp intraday rebound even after the Q4 miss. Read More.
• Positive Sentiment: Operational and product positives: Coinbase highlights doubling crypto trading market share in 2025, subscription strength and new initiatives (Agentic/AI wallets) that diversify revenue and address longer‑term growth. Read More.
• Neutral Sentiment: Analyst reaction is mixed: many firms cut price targets and trimmed estimates (wide dispersion of PTs), leaving both upside and downside scenarios for investors to weigh. Read More.
• Neutral Sentiment: Short‑interest data in some feeds shows 0 shares (days‑to‑cover 0.0) — the reporting appears unreliable and provides no clear short‑squeeze signal.
• Negative Sentiment: Q4 miss and first quarterly loss in two years: Coinbase reported a $667M net loss, revenue down ~21% Y/Y and EPS below estimates — the core trading business remains sensitive to crypto price moves. Read More.
• Negative Sentiment: Insider selling raises governance/sentiment concerns: reporting shows large stock sales by CEO Brian Armstrong (reported ~$550M) and a CFO sale (~$56M), which can weigh on investor confidence. Read More. Read More.
• Negative Sentiment: Operational hiccup: a brief platform outage affected buy/sell/transfer functionality around the earnings release, spotlighting execution risk. Read More.

Coinbase Global Trading Up 16.5%

NASDAQ COIN opened at $164.32 on Friday. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.37. Coinbase Global, Inc. has a 1-year low of $139.36 and a 1-year high of $444.64. The firm’s fifty day simple moving average is $224.49 and its 200-day simple moving average is $284.81. The company has a market capitalization of $44.31 billion, a PE ratio of 37.43 and a beta of 3.70.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings data on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). Coinbase Global had a net margin of 17.55% and a return on equity of 9.01%. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business posted $4.68 EPS. Coinbase Global’s revenue for the quarter was down 21.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Monness Crespi & Hardt downgraded shares of Coinbase Global from a “buy” rating to a “neutral” rating and set a $120.00 target price on the stock. in a research report on Thursday. Robert W. Baird set a $165.00 price objective on shares of Coinbase Global in a research note on Friday. Rothschild & Co Redburn reduced their target price on Coinbase Global from $404.00 to $403.00 and set a “buy” rating for the company in a report on Friday, January 16th. JPMorgan Chase & Co. decreased their target price on Coinbase Global from $399.00 to $290.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Erste Group Bank lowered Coinbase Global from a “buy” rating to a “hold” rating in a research report on Thursday, November 20th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Coinbase Global presently has an average rating of “Moderate Buy” and an average price target of $291.85.

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.