From Nasdaq
May 29, 2025 6:28:00 pm:

Coinbase Global, Inc. (COIN) made history by being included in the S&P 500 index, marking it as the first cryptocurrency exchange to achieve this milestone. Users are optimistic about the stock’s recent rally and future growth potential. However, concerns about a cyberattack and regulatory scrutiny from the SEC are also being discussed, impacting investor confidence.

Congressional trading data shows that members of Congress have traded COIN stock 1 time in the past 6 months, with 0 purchases and 1 sale. Insider trading activity reveals that COIN insiders have traded the stock 155 times in the past 6 months, with 0 purchases and 155 sales. Notable executives like the CEO and CFO have made significant sales of shares.

Hedge fund activity around COIN stock has seen 572 institutional investors adding shares to their portfolio and 484 decreasing their positions in the most recent quarter. Some of the largest moves include FMR LLC and JANE STREET GROUP, LLC removing millions of shares from their portfolios. Government contracts have awarded $6,978,346 to COIN over the last year.

Analyst ratings for COIN have been positive, with 6 firms issuing buy ratings on the stock. Price targets for COIN have a median of $346.5, with recent targets ranging from $252.0 to $420.0. It’s important to note that this information is not financial advice and may contain inaccuracies.

Read more at Nasdaq: Coinbase Global, Inc. (COIN) Opinions on S&P 500 Inclusion