Caprock Group LLC Makes New Investment in Coinbase Global, Inc. $COIN

Caprock Group LLC bought a new position in Coinbase Global, Inc. (NASDAQ:COIN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 19,617 shares of the cryptocurrency exchange’s stock, valued at approximately $6,621,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in COIN. REAP Financial Group LLC purchased a new stake in Coinbase Global in the third quarter worth $25,000. Evelyn Partners Investment Management Europe Ltd lifted its position in Coinbase Global by 92.3% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock valued at $29,000 after buying an additional 36 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of Coinbase Global during the 2nd quarter valued at $30,000. Salomon & Ludwin LLC grew its position in shares of Coinbase Global by 4,400.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock worth $30,000 after buying an additional 88 shares during the period. Finally, City State Bank purchased a new stake in shares of Coinbase Global in the 2nd quarter worth about $33,000. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global Trading Down 2.8%

NASDAQ:COIN opened at $162.51 on Wednesday. The stock has a market cap of $43.82 billion, a price-to-earnings ratio of 14.06 and a beta of 3.70. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.37. The company’s 50 day moving average price is $231.73 and its 200-day moving average price is $288.26. Coinbase Global, Inc. has a 52 week low of $142.58 and a 52 week high of $444.64.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on COIN shares. Cantor Fitzgerald lowered their price target on shares of Coinbase Global from $277.00 to $221.00 and set an “overweight” rating for the company in a research report on Monday. Argus reaffirmed a “hold” rating on shares of Coinbase Global in a research note on Tuesday, November 25th. Benchmark reiterated a “buy” rating on shares of Coinbase Global in a report on Friday, October 31st. Sanford C. Bernstein reissued an “outperform” rating and issued a $440.00 price target on shares of Coinbase Global in a research report on Tuesday, January 6th. Finally, Needham & Company LLC reduced their price objective on Coinbase Global from $400.00 to $290.00 and set a “buy” rating for the company in a research report on Monday, December 29th. Twenty equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $342.58.

More Coinbase Global News

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

• Positive Sentiment: Interactive Brokers launched Coinbase Derivatives nano and perpetual futures on its platform — this expands distribution for Coinbase’s derivatives business and could boost fee-based revenue and product adoption. Interactive Brokers expansion
• Positive Sentiment: Bitcoin recently stabilized near $70k with a brief positive Coinbase Premium — higher BTC prices and renewed on-platform demand tend to raise trading volumes and transaction revenue for COIN. Bitcoin Coinbase Premium
• Neutral Sentiment: Coinbase is sunsetting Base App’s creator rewards and Farcaster social feed to focus the app on trading — a product pivot that may streamline costs but also narrows the company’s “everything app” ambitions. Base App pivot
• Neutral Sentiment: Coinbase ran a divisive Super Bowl karaoke ad; marketing buzz can help brand awareness but has mixed capital markets impact versus fundamentals. Super Bowl ad
• Negative Sentiment: JPMorgan trimmed its COIN price target from $399 to $290 ahead of Q4 earnings — a sizable cut that adds selling pressure despite the bank keeping an overweight stance; markets often react negatively to big PT revisions right before earnings. JPMorgan price target cut
• Negative Sentiment: Cantor Fitzgerald also lowered its target (and other shops have adjusted forecasts), amplifying analyst-driven concern as Coinbase approaches its quarterly report. Analyst target moves
• Negative Sentiment: Regulatory and political friction is active: a critic labeled Coinbase “recalcitrant” over opposition to the Clarity Act and the White House is engaging on crypto market structure — heightening regulatory risk that investors price into COIN. Regulatory friction
• Negative Sentiment: High-profile voices are cautious: Jim Cramer publicly avoided COIN, and research flags slowing trading volumes and mixed revenue mix heading into earnings — both add to near-term downside risk. Cramer comment
• Negative Sentiment: Competitive pressure: data suggesting rivals (e.g., Hyperliquid) outpacing Coinbase in some areas raises concerns about market share and growth sustainability. Competition

Insiders Place Their Bets

In other Coinbase Global news, CFO Alesia J. Haas sold 364,600 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $154.95, for a total transaction of $56,494,770.00. Following the sale, the chief financial officer directly owned 402,165 shares in the company, valued at approximately $62,315,466.75. This trade represents a 47.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian Armstrong sold 40,000 shares of Coinbase Global stock in a transaction on Monday, November 17th. The stock was sold at an average price of $271.87, for a total value of $10,874,800.00. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 672,498 shares of company stock valued at $137,109,701. 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.