After this morning's 5.7% surge to $290.63 per share, Coinbase Global might just keep moving past its target price of $298.68. With an average analyst rating of buy, and target prices from $150.0 to $400.0, the stock's next move is anyone's guess.
Coinbase Global's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.5%. The stock's short ratio is 0.88. The company's insiders own 2.41% 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 56.7%. In conclusion, we believe there is positive market sentiment regarding Coinbase Global.
Institutions Invested in Coinbase Global
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | Vanguard Group Inc | 9% | 18,419,097 | $5,353,142,251 |
| 2024-12-31 | Blackrock Inc. | 6% | 12,339,769 | $3,586,307,124 |
| 2024-09-30 | FMR, LLC | 3% | 6,746,568 | $1,960,755,090 |
| 2024-09-30 | Paradigm Operations LP | 2% | 4,515,596 | $1,312,367,687 |
| 2024-09-30 | State Street Corporation | 2% | 4,300,794 | $1,249,939,781 |
| 2024-12-31 | Geode Capital Management, LLC | 2% | 3,552,694 | $1,032,519,474 |
| 2024-09-30 | Jane Street Group, LLC | 2% | 3,095,948 | $899,775,382 |
| 2024-12-31 | ARK Investment Management, LLC | 1% | 3,034,645 | $881,958,891 |
| 2024-12-31 | Sumitomo Mitsui Trust Holdings, Inc. | 1% | 2,854,409 | $829,576,901 |
| 2024-12-31 | Nikko Asset Management Americas, Inc. | 1% | 2,428,618 | $705,829,261 |
