Coinbase Global, Inc. $COIN Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 11.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 245,923 shares of the cryptocurrency exchange’s stock after selling 32,088 shares during the quarter. Principal Financial Group Inc.’s holdings in Coinbase Global were worth $82,996,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COIN. Vanguard Group Inc. boosted its stake in shares of Coinbase Global by 25.5% during the 2nd quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange’s stock worth $8,484,964,000 after acquiring an additional 4,914,407 shares in the last quarter. Geode Capital Management LLC grew its holdings in Coinbase Global by 46.1% in the second quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock valued at $1,940,805,000 after purchasing an additional 1,755,146 shares during the last quarter. Norges Bank purchased a new position in shares of Coinbase Global in the second quarter valued at $1,044,354,000. Charles Schwab Investment Management Inc. raised its stake in shares of 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 buying an additional 504,068 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Coinbase Global by 14.6% in the 2nd quarter. Legal & General Group Plc now owns 1,136,620 shares of the cryptocurrency exchange’s stock worth $398,374,000 after buying an additional 145,047 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Coinbase Global Stock Performance

NASDAQ:COIN opened at $179.66 on Wednesday. The firm has a 50-day moving average of $242.09 and a two-hundred day moving average of $296.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40. The stock has a market cap of $48.44 billion, a P/E ratio of 15.54 and a beta of 3.70. Coinbase Global, Inc. has a 1-year low of $142.58 and a 1-year high of $444.64.

Insider Activity at Coinbase Global

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 277,074 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $309.92, for a total transaction of $85,870,774.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Emilie Choi sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $310.88, for a total value of $31,088,000.00. Following the completion of the transaction, the chief operating officer directly owned 187,802 shares in the company, valued at approximately $58,383,885.76. The trade was a 34.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 795,587 shares of company stock valued at $232,280,330. Insiders own 16.56% of the company’s stock.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Coinbase launched a U.S.-regulated prediction market platform through its CFTC-regulated arm — a new product line that could drive trading volume and fees if it scales. Coinbase Launches Prediction Market Across US as SUBBD Explodes
• Positive Sentiment: Ark Invest (Cathie Wood) added Coinbase to its purchases, signaling institutional interest that can support near-term demand for the stock. Cathie Wood Loads Up On Coinbase, Circle, Robinhood
• Positive Sentiment: Analyst commentary (MarketBeat) frames Coinbase’s pivot into derivatives/prediction markets (and its Deribit integration) as a strategic revenue diversification away from spot trading. That thesis supports upside if trading churn rises. From Holding to Hedging: The “Crypto Casino” Trade Is Taking Over
• Neutral Sentiment: Regulatory clarity efforts (push for the CLARITY Act and expanded CFTC authority) could help Coinbase long term, but legislative timing and scope remain uncertain. SEC’s Paul Atkins Pushes Congress to Sign CLARITY Act
• Negative Sentiment: Nevada’s Gaming Control Board filed a civil enforcement action seeking to stop Coinbase from offering certain event/sports contracts in the state and asked for injunctive relief — a material legal risk that could restrict the rollout and raise compliance costs. Nevada authorities file lawsuit against Coinbase over unlicensed wagering
• Negative Sentiment: Newly released DOJ emails and reporting suggest Jeffrey Epstein held an early Coinbase stake and realized large gains — a reputational issue that may pressure sentiment and invite further scrutiny. Jeffrey Epstein Was an Early Investor in Coinbase, Emails Reveal
• Negative Sentiment: Broader crypto weakness — Bitcoin sliding to fresh 2026 lows — is depressing trading volumes across exchanges and has pressured Coinbase shares as part of the sector decline. Bitcoin Dropped to Prices Last Seen in 2024 as Crypto-Linked Stocks Extended Falls

Wall Street Analysts Forecast Growth

Several research firms have recently commented on COIN. Raymond James Financial reiterated a “market perform” rating on shares of Coinbase Global in a research report on Thursday, January 8th. Cantor Fitzgerald began coverage on shares of Coinbase Global in a research note on Tuesday, January 27th. They set an “overweight” rating and a $277.00 price objective for the company. UBS Group set a $340.00 target price on Coinbase Global in a research report on Wednesday, December 17th. The Goldman Sachs Group raised their price target on shares of Coinbase Global from $303.00 to $310.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, President Capital boosted their price objective on Coinbase Global from $401.00 to $472.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $356.27.

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.