Coinbase Global plummeted to $297.2 per share this afternoon, but it remains 15.43% above its mean target price of $257.48. There may still be room for more downwards movement — even after today's -4.8% drop. Analysts are giving the Large-Cap Diversified Financial stock on average rating of buy, with target prices ranging from $150.0 to $400.0 per share.
Coinbase Global's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 4.4%. The stock's short ratio is 0.84. The company's insiders own 2.19% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 56.4%. In conclusion, we believe there is mixed market sentiment regarding Coinbase Global.
Institutions Invested in Coinbase Global
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 9% | 18,290,295 | $5,435,912,178 |
| 2024-09-30 | Blackrock Inc. | 6% | 11,327,117 | $3,366,441,779 |
| 2024-09-30 | FMR, LLC | 3% | 6,746,568 | $2,005,093,474 |
| 2024-09-30 | Paradigm Operations LP | 2% | 4,515,596 | $1,342,044,143 |
| 2024-09-30 | State Street Corporation | 2% | 4,300,794 | $1,278,204,560 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 3,425,619 | $1,018,100,803 |
| 2024-09-30 | ARK Investment Management, LLC | 2% | 3,241,198 | $963,290,514 |
| 2024-09-30 | Sumitomo Mitsui Trust Holdings, Inc. | 2% | 3,201,106 | $951,375,092 |
| 2024-09-30 | Jane Street Group, LLC | 2% | 3,095,948 | $920,121,924 |
| 2024-09-30 | Nikko Asset Management Americas, Inc. | 1% | 2,789,219 | $828,961,453 |
