Pinkerton Wealth LLC Makes New $1.02 Million Investment in Coinbase Global, Inc. $COIN

Pinkerton Wealth LLC purchased a new position in Coinbase Global, Inc. (NASDAQ:COIN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,014 shares of the cryptocurrency exchange’s stock, valued at approximately $1,017,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COIN. Integrated Wealth Concepts LLC lifted its stake in shares of Coinbase Global by 24.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,119 shares of the cryptocurrency exchange’s stock valued at $365,000 after buying an additional 413 shares in the last quarter. Empowered Funds LLC boosted its holdings in Coinbase Global by 25.8% in the 1st quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange’s stock worth $1,478,000 after buying an additional 1,761 shares during the period. Focus Partners Wealth increased its stake in Coinbase Global by 9.9% in the 1st quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange’s stock worth $896,000 after buying an additional 467 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Coinbase Global in the 2nd quarter worth $285,000. Finally, Modera Wealth Management LLC bought a new stake in Coinbase Global during the second quarter valued at about $240,000. 68.84% of the stock is owned by hedge funds and other institutional investors.

Coinbase Global Stock Performance

Shares of NASDAQ:COIN opened at $199.79 on Tuesday. The firm has a fifty day simple moving average of $201.27 and a two-hundred day simple moving average of $268.06. Coinbase Global, Inc. has a 52 week low of $139.36 and a 52 week high of $444.64. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $52.76 billion, a P/E ratio of 45.51, a PEG ratio of 3.06 and a beta of 3.70.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.17). The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The firm’s quarterly revenue was down 21.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.68 earnings per share. On average, analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Coinbase Global News Roundup

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

• Positive Sentiment: Aon completed a proof-of-concept that settled insurance premium payments using stablecoins (USDC on Ethereum and PYUSD on Solana) with Coinbase and Paxos, signaling real-world payment use of Coinbase rails and potential new B2B volume/fees. Aon Announces First Stablecoin Insurance Premium Payment
• Positive Sentiment: Coinbase launched regulated crypto and equity-index futures across 26 European countries (up to 10x leverage), expanding product offering and revenue mix in regulated markets. This widens addressable trading volumes and institutional flows. Coinbase rolls out crypto futures trading in 26 European countries
• Positive Sentiment: Coinbase expanded its “Everything Exchange” decentralized trading integration to users in 84 countries, increasing access to on‑chain tokens and long‑term product stickiness for retail and developer ecosystems. Coinbase Opens 84 Countries to ‘Everything Exchange’ Ecosystem
• Positive Sentiment: Sell‑side support: Cantor Fitzgerald issued a Buy on COIN, providing an analyst endorsement that can bolster investor sentiment. Coinbase Global (COIN) Receives a Buy from Cantor Fitzgerald
• Neutral Sentiment: Rothschild & Co Redburn trimmed its price target modestly to $277 from $288 — still a large implied upside, so the move is more of a calibration than a negative signal. Rothschild & Co Redburn adjusts price target on Coinbase Global
• Neutral Sentiment: CEO commentary continues to push a long-term narrative (stablecoin wallets as payment rails for AI agents), which is supportive for strategy but more developmental than immediately revenue‑generating. Stablecoin wallets are the “credit cards” powering the AI agent economy
• Neutral Sentiment: Reported short‑interest data showed anomalous/zero values (likely a data glitch), so don’t read into it as a fresh positioning signal today.
• Negative Sentiment: CFO disclosed a roughly $2.0M stock sale — insider selling can create short‑term sentiment pressure even if sales are routine or for diversification. Coinbase Global (NASDAQ:COIN) CFO Sells $2,004,000.00 in Stock
• Negative Sentiment: Political/regulatory risk: a key U.S. crypto market‑structure bill that could help Coinbase is reported to be stalled by political fights, creating uncertainty around favorable federal regulation. Crypto Regulation Bill in Jeopardy as Trump Ultimatum and Bank Fight Stall Progress

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. HC Wainwright lowered their price objective on Coinbase Global from $425.00 to $350.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Needham & Company LLC decreased their target price on Coinbase Global from $290.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Coinbase Global in a report on Friday, January 9th. Argus restated a “hold” rating on shares of Coinbase Global in a research note on Tuesday, November 25th. Finally, Benchmark cut their price objective on shares of Coinbase Global from $421.00 to $267.00 and set a “buy” rating for the company in a report on Friday, February 13th. Nineteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $270.51.

Insider Buying and Selling at Coinbase Global

In other news, Director Frederick Ernest Ehrsam III sold 1,375 shares of Coinbase Global stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $250.27, for a total value of $344,121.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Alesia J. Haas sold 10,020 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $200.00, for a total value of $2,004,000.00. Following the transaction, the chief financial officer directly owned 397,171 shares in the company, valued at approximately $79,434,200. This represents a 2.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 476,920 shares of company stock worth $84,194,452 over the last ninety days. Company insiders own 16.56% of the company’s stock.

About Coinbase Global

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.