Flputnam Investment Management Co. Raises Stock Position in Coinbase Global, Inc. $COIN

Flputnam Investment Management Co. grew its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 499.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,514 shares of the cryptocurrency exchange’s stock after purchasing an additional 69,575 shares during the quarter. Flputnam Investment Management Co.’s holdings in Coinbase Global were worth $28,185,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Coinbase Global by 25.5% in the second quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange’s stock worth $8,484,964,000 after buying an additional 4,914,407 shares in the last quarter. Geode Capital Management LLC boosted its position in Coinbase Global by 46.1% during the 2nd quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock valued at $1,940,805,000 after acquiring an additional 1,755,146 shares in the last quarter. Norges Bank purchased a new position in shares of Coinbase Global during the 2nd quarter worth approximately $1,044,354,000. Amundi raised its position in shares of Coinbase Global by 44.1% in the 1st quarter. Amundi now owns 1,574,434 shares of the cryptocurrency exchange’s stock worth $268,850,000 after acquiring an additional 481,786 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Coinbase Global by 53.0% in 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 in the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors.

Coinbase Global Price Performance

COIN opened at $245.12 on Friday. The firm has a market cap of $66.09 billion, a PE ratio of 21.20 and a beta of 3.69. The stock has a 50-day moving average price of $293.75 and a 200-day moving average price of $318.45. Coinbase Global, Inc. has a 1 year low of $142.58 and a 1 year high of $444.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, October 30th. The cryptocurrency exchange reported $1.44 EPS for the quarter, beating the consensus estimate of $1.04 by $0.40. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. Coinbase Global’s revenue for the quarter was up 55.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. Sell-side analysts predict that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Lawrence J. Brock sold 5,902 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $250.58, for a total transaction of $1,478,923.16. Following the sale, the insider owned 497 shares in the company, valued at $124,538.26. This represents a 92.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brian Armstrong sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $273.86, for a total transaction of $10,954,400.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 791,804 shares of company stock valued at $240,485,568. Company insiders own 16.56% of the company’s stock.

Analyst Upgrades and Downgrades

COIN has been the topic of several research reports. HC Wainwright upgraded Coinbase Global from a “sell” rating to a “buy” rating and lifted their price target for the company from $300.00 to $425.00 in a research report on Thursday, October 30th. Monness Crespi & Hardt raised Coinbase Global from a “neutral” rating to a “buy” rating and set a $375.00 price objective for the company in a research report on Monday, November 10th. BTIG Research reaffirmed a “buy” rating and issued a $420.00 target price on shares of Coinbase Global in a research report on Thursday. B. Riley lifted their price target on shares of Coinbase Global from $185.00 to $243.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Finally, China Renaissance boosted their price objective on shares of Coinbase Global from $444.60 to $479.30 in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $383.54.

Coinbase Global News Roundup

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

• Positive Sentiment: Coinbase rolled out stock trading, Kalshi-powered prediction markets, derivatives and tokenization features as part of an “everything exchange” strategy—this materially broadens addressable market and revenue streams. Reuters: Coinbase pushes into stock trading
• Positive Sentiment: Launched “Coinbase Custom Stablecoins” to help businesses issue dollar-backed tokens (and a separate Klarna collaboration to enable USDC funding), which could create recurring institutional fees and custody revenue. PYMNTS: Coinbase launches stablecoin-as-a-service
• Positive Sentiment: Klarna partnership to introduce USDC funding options expands payment rails and brings potential customer flow from a major fintech partner. TipRanks: Klarna partners with Coinbase
• Positive Sentiment: Base app launched in 140+ countries and TRON integration with Base enables broader token access on Coinbase’s Layer 2, supporting user growth and on‑chain activity. Bitcoin.com: Base app goes live Newsfile: TRON integrates with Base
• Neutral Sentiment: Deutsche Bank initiated coverage with a buy and BTIG reaffirmed a buy and high price target—supportive analyst views but not immediate fundamental change. MSN: Deutsche Bank initiates coverage
• Negative Sentiment: Coinbase filed lawsuits in Michigan, Illinois and Connecticut challenging state attempts to block prediction markets—this defends the new business line but creates near-term legal and regulatory uncertainty. PYMNTS: Coinbase files lawsuits
• Negative Sentiment: An 800,000 BTC wallet restructuring by Coinbase distorted on‑chain UTXO metrics and led some outlets to report misleading selling activity—this spurred short‑term market noise and scrutiny. Blockonomi: Wallet restructuring distorted data
• Negative Sentiment: Insider selling by CFO Alesia Haas was disclosed (recent Form 4 filings), and a shareholder outreach notice from Halper Sadeh suggests potential investor litigation—both can weigh on sentiment. SEC Form 4: Insider sale GlobeNewswire: Halper Sadeh notice

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.