Pursue Wealth Partners LLC Buys New Shares in Coinbase Global, Inc. $COIN

Pursue Wealth Partners LLC purchased 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 (SEC). The firm purchased 6,164 shares of the cryptocurrency exchange’s stock, valued at approximately $2,080,000. Coinbase Global accounts for approximately 1.1% of Pursue Wealth Partners LLC’s investment portfolio, making the stock its 27th biggest position.

Several other institutional investors have also recently made changes to their positions in COIN. Vanguard Group Inc. grew its stake in shares of Coinbase Global by 25.5% in the 2nd quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange’s stock valued at $8,484,964,000 after buying an additional 4,914,407 shares during the period. Geode Capital Management LLC grew its stake 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 acquiring an additional 1,755,146 shares during the period. Norges Bank bought a new stake in shares of Coinbase Global during the second quarter valued at approximately $1,044,354,000. Charles Schwab Investment Management Inc. raised its position in shares of Coinbase Global by 53.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock worth $510,284,000 after purchasing an additional 504,068 shares during the period. Finally, Legal & General Group Plc lifted its holdings 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 purchasing an additional 145,047 shares in the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global News Summary

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

• Positive Sentiment: Short‑term buying momentum: traders are buying the post‑earnings drop and the stock has bounced off prior support levels, leading to a sharp intraday rebound even after the Q4 miss. Read More.
• Positive Sentiment: Operational and product positives: Coinbase highlights doubling crypto trading market share in 2025, subscription strength and new initiatives (Agentic/AI wallets) that diversify revenue and address longer‑term growth. Read More.
• Neutral Sentiment: Analyst reaction is mixed: many firms cut price targets and trimmed estimates (wide dispersion of PTs), leaving both upside and downside scenarios for investors to weigh. Read More.
• Neutral Sentiment: Short‑interest data in some feeds shows 0 shares (days‑to‑cover 0.0) — the reporting appears unreliable and provides no clear short‑squeeze signal.
• Negative Sentiment: Q4 miss and first quarterly loss in two years: Coinbase reported a $667M net loss, revenue down ~21% Y/Y and EPS below estimates — the core trading business remains sensitive to crypto price moves. Read More.
• Negative Sentiment: Insider selling raises governance/sentiment concerns: reporting shows large stock sales by CEO Brian Armstrong (reported ~$550M) and a CFO sale (~$56M), which can weigh on investor confidence. Read More. Read More.
• Negative Sentiment: Operational hiccup: a brief platform outage affected buy/sell/transfer functionality around the earnings release, spotlighting execution risk. Read More.

Coinbase Global Trading Up 16.5%

NASDAQ COIN opened at $164.32 on Friday. 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 capitalization of $44.31 billion, a price-to-earnings ratio of 37.43 and a beta of 3.70. Coinbase Global, Inc. has a one year low of $139.36 and a one year high of $444.64. The business’s fifty day moving average is $224.49 and its 200-day moving average is $284.20.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.17). Coinbase Global had a return on equity of 9.01% and a net margin of 17.55%.The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the business earned $4.68 EPS. The company’s revenue for the quarter was down 21.6% on a year-over-year basis. Equities research analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Insider Transactions at Coinbase Global

In other Coinbase Global news, CFO Alesia J. Haas sold 364,600 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 402,165 shares in the company, valued at $62,315,466.75. This trade represents a 47.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian Armstrong sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $271.87, for a total transaction of $10,874,800.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 672,498 shares of company stock worth $137,109,701 over the last 90 days. 16.56% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on COIN. Bank of America raised shares of Coinbase Global from a “neutral” rating to a “buy” rating and set a $340.00 price objective on the stock in a research note on Thursday, January 8th. Oppenheimer decreased their price objective on Coinbase Global from $381.00 to $370.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Monness Crespi & Hardt downgraded Coinbase Global from a “buy” rating to a “neutral” rating and set a $120.00 price objective for the company. in a research note on Thursday. Mizuho set a $280.00 target price on Coinbase Global in a research report on Tuesday, December 16th. Finally, Rosenblatt Securities lowered their price target on Coinbase Global from $325.00 to $240.00 and set a “buy” rating for the company in a research report on Friday. Nineteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $291.85.

Coinbase Global Company 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.