Pinkerton Wealth LLC Takes Position in Coinbase Global, Inc. $COIN

Pinkerton Wealth LLC bought a new position in Coinbase Global, Inc. (NASDAQ:COIN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,014 shares of the cryptocurrency exchange’s stock, valued at approximately $1,017,000.

A number of other large investors have also recently made changes to their positions in COIN. REAP Financial Group LLC bought a new stake in Coinbase Global in the third quarter worth about $25,000. Evelyn Partners Investment Management Europe Ltd boosted its position 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 period. Salomon & Ludwin LLC grew its stake in shares of Coinbase Global by 4,400.0% during the third quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock valued at $30,000 after buying an additional 88 shares during the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of Coinbase Global in the second quarter worth approximately $34,000. Finally, MV Capital Management Inc. raised its holdings in shares of Coinbase Global by 215.6% in the second quarter. MV Capital Management Inc. now owns 101 shares of the cryptocurrency exchange’s stock worth $35,000 after buying an additional 69 shares during the period. 68.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Brian Armstrong sold 40,000 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $248.96, for a total transaction of $9,958,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederick Ernest Ehrsam III sold 2,750 shares of Coinbase Global stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $260.09, for a total transaction of $715,247.50. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 476,920 shares of company stock worth $84,194,452 in the last 90 days. 16.56% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

COIN has been the subject of a number of recent analyst reports. Bank of America upgraded Coinbase Global from a “neutral” rating to a “buy” rating and set a $340.00 price objective for the company in a report on Thursday, January 8th. Citigroup decreased their target price on Coinbase Global from $505.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft set a $250.00 target price on shares of Coinbase Global in a research note on Friday, February 13th. Rosenblatt Securities cut their price target on shares of Coinbase Global from $325.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Finally, China Renaissance decreased their price objective on shares of Coinbase Global from $301.50 to $223.20 and set a “buy” rating for the company in a report on Monday, February 23rd. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Coinbase Global currently has an average rating of “Hold” and an average target price of $270.51.

Coinbase Global Trading Up 1.3%

Shares of NASDAQ COIN opened at $199.79 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.34. The stock has a market capitalization of $52.76 billion, a P/E ratio of 45.51, a price-to-earnings-growth ratio of 3.06 and a beta of 3.70. Coinbase Global, Inc. has a 1-year low of $139.36 and a 1-year high of $444.64. The business has a fifty day moving average price of $201.27 and a 200 day moving average price of $268.06.

Coinbase Global (NASDAQ:COIN) last posted its 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). The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. Coinbase Global’s revenue for the quarter was down 21.6% on a year-over-year basis. During the same quarter last year, the firm earned $4.68 EPS. Equities research analysts expect that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Aon completed a proof-of-concept that settled insurance premium payments using stablecoins (USDC on Ethereum and PYUSD on Solana) with Coinbase and Paxos, signaling real-world payment use of Coinbase rails and potential new B2B volume/fees. Aon Announces First Stablecoin Insurance Premium Payment
• Positive Sentiment: Coinbase launched regulated crypto and equity-index futures across 26 European countries (up to 10x leverage), expanding product offering and revenue mix in regulated markets. This widens addressable trading volumes and institutional flows. Coinbase rolls out crypto futures trading in 26 European countries
• Positive Sentiment: Coinbase expanded its “Everything Exchange” decentralized trading integration to users in 84 countries, increasing access to on‑chain tokens and long‑term product stickiness for retail and developer ecosystems. Coinbase Opens 84 Countries to ‘Everything Exchange’ Ecosystem
• Positive Sentiment: Sell‑side support: Cantor Fitzgerald issued a Buy on COIN, providing an analyst endorsement that can bolster investor sentiment. Coinbase Global (COIN) Receives a Buy from Cantor Fitzgerald
• Neutral Sentiment: Rothschild & Co Redburn trimmed its price target modestly to $277 from $288 — still a large implied upside, so the move is more of a calibration than a negative signal. Rothschild & Co Redburn adjusts price target on Coinbase Global
• Neutral Sentiment: CEO commentary continues to push a long-term narrative (stablecoin wallets as payment rails for AI agents), which is supportive for strategy but more developmental than immediately revenue‑generating. Stablecoin wallets are the “credit cards” powering the AI agent economy
• Neutral Sentiment: Reported short‑interest data showed anomalous/zero values (likely a data glitch), so don’t read into it as a fresh positioning signal today.
• Negative Sentiment: CFO disclosed a roughly $2.0M stock sale — insider selling can create short‑term sentiment pressure even if sales are routine or for diversification. Coinbase Global (NASDAQ:COIN) CFO Sells $2,004,000.00 in Stock
• Negative Sentiment: Political/regulatory risk: a key U.S. crypto market‑structure bill that could help Coinbase is reported to be stalled by political fights, creating uncertainty around favorable federal regulation. Crypto Regulation Bill in Jeopardy as Trump Ultimatum and Bank Fight Stall Progress

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.