11,400 Shares in Coinbase Global, Inc. $COIN Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN) during the 1st quarter, Holdings Channel.com reports. The fund acquired 11,400 shares of the cryptocurrency exchange’s stock, valued at approximately $1,991,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new position in shares of Coinbase Global during the 4th quarter worth about $656,744,000. Capital World Investors increased its stake in Coinbase Global by 847.2% in the fourth quarter. Capital World Investors now owns 1,536,534 shares of the cryptocurrency exchange’s stock valued at $347,472,000 after acquiring an additional 1,374,318 shares during the period. Ruffer LLP acquired a new position in Coinbase Global in the fourth quarter worth about $166,515,000. Janus Henderson Group PLC raised its position in Coinbase Global by 2,597.8% in the fourth quarter. Janus Henderson Group PLC now owns 549,304 shares of the cryptocurrency exchange’s stock worth $124,221,000 after purchasing an additional 528,943 shares in the last quarter. Finally, Cria Inc. bought a new position in Coinbase Global during the fourth quarter worth about $111,184,000. 68.84% of the stock is currently owned by institutional investors.

Insider Transactions at Coinbase Global

In other Coinbase Global news, insider Lawrence J. Brock sold 6,616 shares of Coinbase Global stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $189.01, for a total value of $1,250,490.16. Following the completion of the transaction, the insider owned 517 shares in the company, valued at approximately $97,718.17. The trade was a 92.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,051 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $158.15, for a total value of $324,365.65. 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 30,647 shares of company stock worth $5,740,941. 16.66% of the stock is owned by company insiders.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Coinbase is gaining visibility from the launch of Open USD, a new stablecoin backed by more than 140 companies including Visa, Mastercard, BlackRock, Stripe, and Coinbase. The initiative could expand Coinbase’s role in payments, stablecoin infrastructure, and institutional crypto adoption. 140 Firms Including Coinbase and Ripple Launch the New Open USD Stablecoin
• Positive Sentiment: Coinbase also announced a partnership with Spiko to support USDC and EURC payments for European regulated treasury funds, showing continued progress in real-world stablecoin use cases and Base network adoption. Spiko links EU regulated T-bill funds to Coinbase stablecoin rails
• Neutral Sentiment: Coinbase Institutional Strategy Head John D’Agostino said more than 40 countries have committed to bitcoin in some form, reinforcing the long-term bull case for crypto demand, though the comments are more macro commentary than a direct business catalyst. Coinbase Institutional Head: ‘Over 40 Countries Commit to Buying Bitcoin’
• Negative Sentiment: Coinbase’s Base blockchain suffered an outage that briefly halted consensus and interrupted transactions, raising questions about network reliability and centralization risk. Coinbase (COIN) Faces Questions After Base Outage Halts Its Blockchain Network
• Negative Sentiment: Broader crypto sentiment remains weak, with bitcoin trading lower and multiple articles pointing to ongoing pressure in digital assets. That backdrop can weigh on Coinbase because its trading revenue is tied to crypto activity and prices. Bitcoin Holds Below $60,000 as Cryptos Slide

Coinbase Global Stock Performance

NASDAQ COIN opened at $146.19 on Wednesday. The firm has a market cap of $38.52 billion, a price-to-earnings ratio of 54.96, a PEG ratio of 5.35 and a beta of 3.32. The company has a 50 day moving average of $179.58 and a 200-day moving average of $194.52. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.44. Coinbase Global, Inc. has a 1-year low of $139.18 and a 1-year high of $444.64.

Coinbase Global (NASDAQ:COIN) last posted its earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The business’s revenue was down 30.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 EPS. On average, equities analysts forecast that Coinbase Global, Inc. will post 1.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

COIN has been the topic of a number of recent research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $240.00 price objective on shares of Coinbase Global in a report on Wednesday, June 17th. Citizens Jmp cut their target price on Coinbase Global from $400.00 to $355.00 and set a “market outperform” rating for the company in a research report on Friday, April 10th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price target on shares of Coinbase Global in a research note on Wednesday, June 17th. Monness Crespi & Hardt reiterated a “sell” rating on shares of Coinbase Global in a research report on Friday, June 5th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Coinbase Global in a research note on Wednesday, June 17th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $250.65.

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.