Penserra Capital Management LLC Has $13.75 Million Stock Position in Coinbase Global, Inc. $COIN

Penserra Capital Management LLC cut its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 15.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,747 shares of the cryptocurrency exchange’s stock after selling 7,175 shares during the period. Penserra Capital Management LLC’s holdings in Coinbase Global were worth $13,751,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Westside Investment Management Inc. grew its position in Coinbase Global by 27.6% in the third quarter. Westside Investment Management Inc. now owns 583 shares of the cryptocurrency exchange’s stock valued at $199,000 after acquiring an additional 126 shares during the period. Hartford Investment Management Co. boosted its stake in shares of Coinbase Global by 3.9% in the 3rd quarter. Hartford Investment Management Co. now owns 13,248 shares of the cryptocurrency exchange’s stock valued at $4,471,000 after purchasing an additional 498 shares in the last quarter. Callan Family Office LLC boosted its stake in shares of Coinbase Global by 16.3% in the 3rd quarter. Callan Family Office LLC now owns 6,017 shares of the cryptocurrency exchange’s stock valued at $2,031,000 after purchasing an additional 843 shares in the last quarter. Tsfg LLC grew its holdings in shares of Coinbase Global by 12.3% in the 3rd quarter. Tsfg LLC now owns 910 shares of the cryptocurrency exchange’s stock worth $307,000 after purchasing an additional 100 shares during the last quarter. Finally, Atlantic Union Bankshares Corp increased its position in shares of Coinbase Global by 526.2% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 263 shares of the cryptocurrency exchange’s stock worth $89,000 after purchasing an additional 221 shares in the last quarter. Institutional investors own 68.84% of the company’s stock.

Coinbase Global Stock Down 6.1%

NASDAQ:COIN opened at $168.63 on Thursday. The company has a market cap of $45.47 billion, a price-to-earnings ratio of 14.59 and a beta of 3.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.40 and a current ratio of 2.40. The stock’s fifty day moving average price is $240.17 and its two-hundred day moving average price is $295.78. Coinbase Global, Inc. has a 52-week low of $142.58 and a 52-week high of $444.64.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Nevada judge refused an emergency temporary restraining order, allowing Coinbase to keep offering its prediction markets while the company prepares a response — a near-term legal win that reduces the chance of an immediate shutdown of the product. Coinbase fends off Nevada’s emergency bid to halt prediction markets
• Positive Sentiment: Coinbase has rolled out Coinbase Predict across all 50 U.S. states (partnering with Kalshi and operating through its CFTC‑regulated arm), expanding product mix beyond spot trading — a strategic move to diversify revenue away from spot-fee sensitivity. Coinbase Launches Prediction Market Platform Across All 50 U.S. States
• Neutral Sentiment: Coinbase is expected to report quarterly earnings on Thursday — this calendar event can amplify moves (positive or negative) depending on guidance for trading volumes, non‑trading revenue and margin trends. Coinbase Global (COIN) Expected to Announce Quarterly Earnings on Thursday
• Neutral Sentiment: Company initiatives such as security/industry coordination (Crypto ISAC push) and ongoing product expansion are being highlighted in coverage — these support long‑term credibility but are unlikely to move the stock near term versus legal/regulatory noise. Coinbase’s Crypto ISAC Push Puts Security And Valuation In Focus
• Negative Sentiment: The Coinbase Premium gap has fallen to yearly lows, a on‑chain/market signal that U.S. institutional demand for BTC (via Coinbase) is weakening versus global retail — this suggests ETF/institutional outflows that can reduce trading volumes and fee revenue. Coinbase premium hits yearly low, hinting at institutional selling
• Negative Sentiment: Nevada’s Gaming Control Board filed a civil enforcement action alleging Coinbase offered unlicensed wagering via event contracts — even though the TRO was denied, the lawsuit introduces regulatory risk and potential state‑by‑state restrictions that could limit product availability and invite fines or injunctions. Nevada authorities file lawsuit against Coinbase over unlicensed wagering
• Negative Sentiment: Broader crypto weakness — Bitcoin pullbacks and negative sentiment toward crypto-linked equities — is pressuring COIN shares as trading volumes and investor risk appetite retrench. Market reports show Coinbase stock has already slid in response to these forces. Coinbase Stock Slips As Bitcoin Pullback Hits Crypto Sentiment

Insider Activity at Coinbase Global

In other news, CEO Brian Armstrong sold 40,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $271.87, for a total value of $10,874,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederick Ernest Ehrsam III sold 55,688 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $321.81, for a total value of $17,920,955.28. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 508,513 shares of company stock worth $143,394,956. 16.56% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

COIN has been the topic of several research analyst reports. Barclays decreased their price objective on shares of Coinbase Global from $291.00 to $258.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 8th. B. Riley boosted their target price on Coinbase Global from $185.00 to $243.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Jefferies Financial Group dropped their price target on Coinbase Global from $367.00 to $268.00 and set a “hold” rating for the company in a report on Monday, January 12th. Wall Street Zen downgraded Coinbase Global from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Finally, Raymond James Financial reissued a “market perform” rating on shares of Coinbase Global in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $353.69.

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.