Patient Capital Management LLC Lowers Stock Holdings in Coinbase Global, Inc. $COIN

Patient Capital Management LLC reduced its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 15.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 171,736 shares of the cryptocurrency exchange’s stock after selling 31,764 shares during the period. Coinbase Global comprises 2.3% of Patient Capital Management LLC’s holdings, making the stock its 20th largest position. Patient Capital Management LLC’s holdings in Coinbase Global were worth $57,959,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Evelyn Partners Investment Management Europe Ltd increased its holdings in Coinbase Global by 92.3% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock worth $29,000 after acquiring an additional 36 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Coinbase Global during the 2nd quarter worth about $30,000. Salomon & Ludwin LLC lifted its stake in Coinbase Global by 4,400.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock valued at $30,000 after buying an additional 88 shares in the last quarter. City State Bank acquired a new stake in Coinbase Global in the 2nd quarter worth about $33,000. Finally, Financial Gravity Companies Inc. purchased a new stake in Coinbase Global during the 2nd quarter worth approximately $34,000. 68.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Coinbase Global

In other news, Director Frederick Ernest Ehrsam III sold 1,375 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $250.27, for a total transaction of $344,121.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Alesia J. Haas sold 8,050 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $250.00, for a total value of $2,012,500.00. Following the completion of the sale, the chief financial officer owned 70,664 shares in the company, valued at $17,666,000. This represents a 10.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 820,587 shares of company stock valued at $240,717,580 over the last quarter. 16.56% 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: Bermuda partnership — Coinbase announced support for Bermuda’s plan to build a “fully on‑chain” national economy with Circle, using USDC and Coinbase’s Base infrastructure; this is a material commercialization and adoption opportunity for Coinbase’s on‑chain payments, tokenization tools and Base network. Bermuda partners with Coinbase and Circle for ‘fully onchain‘ economy
• Positive Sentiment: Analyst upgrade — Bank of America upgraded COIN to a Buy with a $340 target, citing expanded addressable market, product rollouts, and rising recurring revenue (stablecoin and services). This provides third‑party validation and a near‑term catalyst for investor interest. Bank of America Asserts Buy Rating on Coinbase
• Positive Sentiment: Tokenization / research narrative — Coinbase research and Institute papers promote tokenization as a structural growth theme (broader market access, “next financial supercycle”), supporting long‑term TAM expansion for Coinbase’s custody, tokenization tooling and Base network. Coinbase Signals Next Financial Supercycle
• Positive Sentiment: Brand / user acquisition push — Coinbase launched an NBA “Rookie Firsts” content series to deepen consumer engagement and youth adoption, which could support long‑term retail growth and engagement on Base. Coinbase Launches NBA Rookie Firsts Content Series
• Neutral Sentiment: Political/regulatory outreach — CEO Brian Armstrong publicly congratulated pro‑crypto governors and is vocally pushing for fair competition between banks and stablecoins; this keeps Coinbase in policy debates that could be positive if favorable rules follow, but outcomes remain uncertain. New governors Abigail Spanberger, Mikie Sherrill congratulated by Brian Armstrong
• Neutral Sentiment: Product / business positioning — Coinbase continues to promote tokenization and capital‑access narratives that could expand TAM; these are strategic positives but will take time to monetize at scale. Coinbase calls tokenization the key to wealth access
• Negative Sentiment: Share weakness / crypto correlation — COIN logged a notable intraday/closing decline and analysts point to Bitcoin weakness as a key pressure point; Coinbase still tracks crypto volumes and asset prices closely, so market volatility directly impacts revenue. COIN Suffers a Larger Drop Than the General Market
• Negative Sentiment: Security / reputation risk — A CNBC reader account detailed a sophisticated social‑engineering attempt to steal a Coinbase account; while Coinbase says it has protections, such stories can hurt trust and user retention if incidents rise. How my Coinbase account was almost stolen
• Negative Sentiment: Regulatory noise — Reports of tensions around the Clarity Act and Coinbase withdrawing support for a bill over draft issues add uncertainty around federal policy outcomes, which can amplify short‑term volatility. Coinbase denies White House split claims

Coinbase Global Stock Down 5.6%

Shares of COIN opened at $227.73 on Wednesday. The company’s 50-day moving average price is $253.71 and its 200 day moving average price is $309.42. Coinbase Global, Inc. has a 12-month low of $142.58 and a 12-month high of $444.64. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.37. The firm has a market cap of $61.41 billion, a P/E ratio of 19.70 and a beta of 3.70.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.40. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The business’s revenue for the quarter was up 55.1% on a year-over-year basis. During the same period last year, the business earned $0.28 earnings per share. On average, sell-side analysts forecast that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on COIN shares. Bank of America upgraded Coinbase Global from a “neutral” rating to a “buy” rating and set a $340.00 price target for the company in a research report on Thursday, January 8th. Monness Crespi & Hardt upgraded shares of Coinbase Global from a “neutral” rating to a “buy” rating and set a $375.00 target price for the company in a research report on Monday, November 10th. Piper Sandler decreased their price target on shares of Coinbase Global from $350.00 to $270.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. The Goldman Sachs Group raised shares of Coinbase Global from a “neutral” rating to a “buy” rating and set a $303.00 price objective for the company in a research note on Monday, January 5th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Coinbase Global from $404.00 to $399.00 and set an “overweight” rating for the company in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $362.68.

Coinbase Global 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.