Concentric Capital Strategies LP Buys 44,067 Shares of Coinbase Global, Inc. $COIN

Concentric Capital Strategies LP lifted its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 190.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,169 shares of the cryptocurrency exchange’s stock after buying an additional 44,067 shares during the period. Coinbase Global comprises about 1.0% of Concentric Capital Strategies LP’s holdings, making the stock its 12th largest position. Concentric Capital Strategies LP’s holdings in Coinbase Global were worth $22,669,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in Coinbase Global by 8.3% in the 3rd quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock valued at $8,847,905,000 after buying an additional 2,007,930 shares during the last quarter. Norges Bank purchased a new position in Coinbase Global during the 2nd quarter worth $1,044,354,000. Charles Schwab Investment Management Inc. boosted its holdings in Coinbase Global by 53.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock worth $510,284,000 after acquiring an additional 504,068 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Coinbase Global by 5.0% in the 3rd quarter. Legal & General Group Plc now owns 1,193,784 shares of the cryptocurrency exchange’s stock worth $402,890,000 after acquiring an additional 57,164 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Coinbase Global by 1.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 783,273 shares of the cryptocurrency exchange’s stock worth $264,320,000 after acquiring an additional 8,636 shares in the last quarter. Institutional investors own 68.84% of the company’s stock.

Key Coinbase Global News

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

• Positive Sentiment: Bitcoin’s rally and stronger spot/ETF flows are driving trading activity and a Coinbase price premium, which should help COIN’s transaction revenue. Key Bitcoin price levels to watch as BTC nears new monthly highs
• Positive Sentiment: Short interest in COIN has reportedly doubled this year, raising the potential for a short squeeze if bullish flows continue — a technical/positioning tailwind for the stock. Coinbase Short Interest Doubles In 2026: S3 Data Shows Elevated Potential For Short Squeeze
• Positive Sentiment: Product expansion: Coinbase launched regulated crypto and index futures across 26 European countries, widening its addressable market and revenue opportunities outside the U.S. COIN Broadens Reach With Europe Futures: Is it Making a Global Push?
• Neutral Sentiment: Stablecoin adoption and TradFi pilots (Aon’s pilot) are expanding the payments use case; Coinbase is participating in some pilots, which could broaden non-trading revenue but also elevates competition from stablecoin issuers like Circle. Crypto Biz: Circle stock defies Wall Street and digital asset selloff
• Neutral Sentiment: Regulatory clarity moves: the CFTC’s new prediction market rules affect Coinbase’s product set and open a 45‑day comment period — could increase compliance costs but also reduce legal uncertainty if finalized. CFTC Unveils Prediction Market Regulations Impacting Kalshi, Polymarket, and Coinbase
• Neutral Sentiment: Company messaging: Coinbase executives publicly denied allegations they lobbied against a Bitcoin de minimis tax exemption — reduces rumor-driven regulatory uncertainty but leaves the broader policy debate unresolved. Coinbase execs deny lobbying against Bitcoin de minimis tax exemption
• Negative Sentiment: Negative headlines and positioning risks: media coverage highlights insider share sales and commentary (e.g., Jim Cramer recommending Bitcoin over COIN), which can weigh on sentiment and valuation multiples. Coinbase (COIN) Stock Faces Mounting Pressure as Cramer Recommends Bitcoin Over Shares
• Negative Sentiment: Ongoing controversy about alleged lobbying around BTC tax rules (despite denials) keeps regulatory and reputational risk on investors’ radars. Is Coinbase Sabotaging Bitcoin De Minimis Tax Exemption In Favor Of Stablecoins?

Analyst Ratings Changes

COIN has been the topic of a number of recent analyst reports. BTIG Research dropped their price target on shares of Coinbase Global from $340.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Citigroup reduced their price objective on shares of Coinbase Global from $505.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, February 6th. President Capital dropped their target price on shares of Coinbase Global from $472.00 to $236.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. China Renaissance cut their target price on Coinbase Global from $301.50 to $223.20 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Finally, HC Wainwright reduced their target price on Coinbase Global from $425.00 to $350.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Nineteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Coinbase Global has a consensus rating of “Hold” and an average price target of $270.51.

Insiders Place Their Bets

In related news, CEO Brian Armstrong sold 40,000 shares of Coinbase Global stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $248.96, for a total value of $9,958,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $250.27, for a total value of $344,121.25. The disclosure for this sale is available in the SEC filing. Insiders sold 476,920 shares of company stock valued at $84,194,452 over the last ninety days. 16.56% of the stock is currently owned by insiders.

Coinbase Global Stock Performance

NASDAQ COIN opened at $195.53 on Friday. The company has a market capitalization of $51.64 billion, a PE ratio of 44.54, a price-to-earnings-growth ratio of 3.40 and a beta of 3.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34. Coinbase Global, Inc. has a 52-week low of $139.36 and a 52-week high of $444.64. The company has a 50-day simple moving average of $198.54 and a 200 day simple moving average of $265.44.

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

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.