Coinbase Global, Inc. $COIN Shares Bought by Sunpointe LLC

Sunpointe LLC boosted its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 369.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,358 shares of the cryptocurrency exchange’s stock after buying an additional 2,643 shares during the quarter. Sunpointe LLC’s holdings in Coinbase Global were worth $1,133,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in COIN. SP Asset Management LLC purchased a new position in Coinbase Global during the second quarter valued at approximately $360,000. Vanguard Group Inc. grew its stake in shares of Coinbase Global by 8.3% during the 3rd quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock worth $8,847,905,000 after purchasing an additional 2,007,930 shares during the period. Atria Investments Inc purchased a new position in shares of Coinbase Global during the 2nd quarter valued at approximately $1,137,000. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Coinbase Global in the 3rd quarter valued at $14,491,000. Finally, FengHe Fund Management Pte. Ltd. boosted its holdings in 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 in the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors.

More Coinbase Global News

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

• Positive Sentiment: President Trump met privately with CEO Brian Armstrong and publicly backed crypto-friendly legislation (the CLARITY/market-structure push), lifting hopes for U.S. rules that could expand stablecoin yields and reduce regulatory friction for Coinbase. Coinbase Teams Up With The White House Against Wall Street
• Positive Sentiment: Broader crypto strength — Bitcoin’s rally toward the low $70k area and renewed ETF inflows — is boosting trading volumes and sentiment for exchange stocks, benefiting Coinbase’s core revenue prospects. Bitcoin tops $71,000 as ETF inflows return
• Positive Sentiment: Institutional distribution gains: Ripple Prime clients now have access to Coinbase Derivatives contracts cleared by Nodal Clear, signaling growing institutional adoption of Coinbase’s derivatives product suite. Ripple Prime taps Coinbase derivatives
• Positive Sentiment: Product expansion: Coinbase launched U.S. stock trading inside its platform, widening non-crypto revenue channels (stocks/ETFs) and supporting the company’s strategy to smooth out cycle-driven trading revenue. Coinbase Launches U.S. Stock Trading
• Neutral Sentiment: Company narrative: Analysts and commentary highlight Coinbase’s push to diversify revenue (staking, custody, USDC, stock trading) and longer-term themes like tokenized equities; these are strategic positives but will take time to materially move results. Coinbase Diversifies Revenue Streams
• Neutral Sentiment: Short-interest data in feeds looks unreliable (zero/NaN figures reported); no clear short-squeeze signal from that data today. (Data caveat — treat with caution.)
• Negative Sentiment: New derivative shareholder lawsuits name CEO Brian Armstrong and multiple directors/executives, seeking damages and clawbacks tied to alleged disclosure and compliance failures — this raises potential legal costs, governance scrutiny and headline risk. Coinbase Board, Including CEO, Faces New Lawsuit
• Negative Sentiment: Insider selling / executive stock moves: reports that a top company officer (CLO) sold millions in stock amid the litigation add near-term selling pressure and negative optics. Coinbase CLO offloads millions in stock amid new lawsuit
• Negative Sentiment: Regulatory friction: stablecoin yield language is dominating U.S. market-structure talks and remains unresolved; earlier amendments prompted Coinbase to withdraw support — the policy fight could produce outcomes that help or hurt Coinbase’s stablecoin ambitions. Stablecoin Yield Fight Threatens U.S. Crypto Market Structure Bill

Coinbase Global Trading Down 1.5%

Shares of COIN opened at $205.71 on Friday. Coinbase Global, Inc. has a 52-week low of $139.36 and a 52-week high of $444.64. The stock has a market cap of $54.32 billion, a PE ratio of 46.86, a price-to-earnings-growth ratio of 3.00 and a beta of 3.70. The firm’s fifty day moving average is $202.74 and its two-hundred day moving average is $270.11. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.40.

Coinbase Global (NASDAQ:COIN) last posted its quarterly 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). Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the business posted $4.68 earnings per share. The business’s quarterly revenue was down 21.6% on a year-over-year basis. Research analysts forecast that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on COIN shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Coinbase Global in a report on Friday, January 9th. Canaccord Genuity Group reduced their price target on Coinbase Global from $400.00 to $300.00 and set a “buy” rating for the company in a report on Friday, February 13th. Argus reiterated a “hold” rating on shares of Coinbase Global in a research report on Tuesday, November 25th. JPMorgan Chase & Co. cut their price objective on Coinbase Global from $399.00 to $290.00 and set an “overweight” rating for the company in a research report on Tuesday, February 10th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $440.00 target price on shares of Coinbase Global in a research report on Tuesday, January 6th. Nineteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Coinbase Global presently has an average rating of “Hold” and a consensus target price of $270.67.

Insiders Place Their Bets

In other news, CEO Brian Armstrong sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $273.86, for a total transaction of $10,954,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frederick Ernest Ehrsam III sold 2,750 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $260.09, for a total value of $715,247.50. The SEC filing for this sale provides additional information. Insiders have sold 509,650 shares of company stock valued at $93,915,594 in the last ninety days. 16.56% of the stock is currently owned by corporate insiders.

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.