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

Caprock Group LLC acquired a new position in Coinbase Global, Inc. (NASDAQ:COIN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,617 shares of the cryptocurrency exchange’s stock, valued at approximately $6,621,000.

A number of other institutional investors also recently made changes to their positions in the business. REAP Financial Group LLC purchased a new position in Coinbase Global in the 3rd quarter worth $25,000. Evelyn Partners Investment Management Europe Ltd grew its stake in shares of 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 last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Coinbase Global in the second quarter worth about $30,000. Salomon & Ludwin LLC increased its holdings in shares of Coinbase Global by 4,400.0% in the third 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 bought a new stake in shares of Coinbase Global in the 2nd quarter valued at about $33,000. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global Price Performance

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

Insider Buying and Selling

In related news, CEO Brian Armstrong sold 40,000 shares of Coinbase Global stock in a transaction on Monday, January 5th. The shares were sold at an average price of $248.96, for a total value of $9,958,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Alesia J. Haas sold 364,600 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $154.95, for a total transaction of $56,494,770.00. Following the transaction, the chief financial officer directly owned 402,165 shares in the company, valued at approximately $62,315,466.75. The trade was a 47.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 672,498 shares of company stock valued at $137,109,701 over the last quarter. 16.56% of the stock is owned by company insiders.

Key Stories Impacting Coinbase Global

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on COIN. B. Riley Financial raised their price target on Coinbase Global from $185.00 to $243.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Piper Sandler lowered their price objective on Coinbase Global from $350.00 to $270.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Mizuho set a $280.00 target price on shares of Coinbase Global in a report on Tuesday, December 16th. Raymond James Financial reaffirmed a “market perform” rating on shares of Coinbase Global in a research note on Thursday, January 8th. Finally, Rosenblatt Securities upped their price target on shares of Coinbase Global from $450.00 to $470.00 in a report on Friday, October 31st. Twenty investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $342.58.

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.