Coinbase Global, Inc. $COIN Stock Position Boosted by California Public Employees Retirement System

California Public Employees Retirement System grew its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 8.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 359,766 shares of the cryptocurrency exchange’s stock after buying an additional 26,975 shares during the quarter. California Public Employees Retirement System owned about 0.13% of Coinbase Global worth $121,417,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. REAP Financial Group LLC acquired a new position in shares of Coinbase Global during the third quarter valued at approximately $25,000. Evelyn Partners Investment Management Europe Ltd lifted its position in Coinbase Global by 92.3% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock worth $29,000 after purchasing an additional 36 shares during the period. Salomon & Ludwin LLC boosted its stake in Coinbase Global by 4,400.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock valued at $30,000 after purchasing an additional 88 shares in the last quarter. Financial Gravity Companies Inc. acquired a new position in shares of Coinbase Global during the 2nd quarter valued at $34,000. Finally, Foster Dykema Cabot & Partners LLC acquired a new position in shares of Coinbase Global during the 3rd quarter valued at $35,000. 68.84% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Bitcoin’s rally and stronger spot/ETF flows are driving trading activity and a Coinbase price premium, which should help COIN’s transaction revenue. Key Bitcoin price levels to watch as BTC nears new monthly highs
• Positive Sentiment: Short interest in COIN has reportedly doubled this year, raising the potential for a short squeeze if bullish flows continue — a technical/positioning tailwind for the stock. Coinbase Short Interest Doubles In 2026: S3 Data Shows Elevated Potential For Short Squeeze
• Positive Sentiment: Product expansion: Coinbase launched regulated crypto and index futures across 26 European countries, widening its addressable market and revenue opportunities outside the U.S. COIN Broadens Reach With Europe Futures: Is it Making a Global Push?
• Neutral Sentiment: Stablecoin adoption and TradFi pilots (Aon’s pilot) are expanding the payments use case; Coinbase is participating in some pilots, which could broaden non-trading revenue but also elevates competition from stablecoin issuers like Circle. Crypto Biz: Circle stock defies Wall Street and digital asset selloff
• Neutral Sentiment: Regulatory clarity moves: the CFTC’s new prediction market rules affect Coinbase’s product set and open a 45‑day comment period — could increase compliance costs but also reduce legal uncertainty if finalized. CFTC Unveils Prediction Market Regulations Impacting Kalshi, Polymarket, and Coinbase
• Neutral Sentiment: Company messaging: Coinbase executives publicly denied allegations they lobbied against a Bitcoin de minimis tax exemption — reduces rumor-driven regulatory uncertainty but leaves the broader policy debate unresolved. Coinbase execs deny lobbying against Bitcoin de minimis tax exemption
• Negative Sentiment: Negative headlines and positioning risks: media coverage highlights insider share sales and commentary (e.g., Jim Cramer recommending Bitcoin over COIN), which can weigh on sentiment and valuation multiples. Coinbase (COIN) Stock Faces Mounting Pressure as Cramer Recommends Bitcoin Over Shares
• Negative Sentiment: Ongoing controversy about alleged lobbying around BTC tax rules (despite denials) keeps regulatory and reputational risk on investors’ radars. Is Coinbase Sabotaging Bitcoin De Minimis Tax Exemption In Favor Of Stablecoins?

Coinbase Global Stock Up 1.2%

Shares of Coinbase Global stock opened at $195.53 on Monday. Coinbase Global, Inc. has a 12-month low of $139.36 and a 12-month high of $444.64. The firm has a market capitalization of $51.64 billion, a PE ratio of 44.54, a price-to-earnings-growth ratio of 3.44 and a beta of 3.70. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.40. The stock’s fifty day moving average is $198.54 and its 200-day moving average is $264.83.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.86 billion. Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The company’s revenue for the quarter was down 21.6% compared to the same quarter last year. During the same quarter last year, the business earned $4.68 EPS. Equities analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Insider Buying and Selling at Coinbase Global

In other news, CFO Alesia J. Haas sold 10,020 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the sale, the chief financial officer owned 397,171 shares in the company, valued at $79,434,200. The trade was a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $250.27, for a total transaction of $344,121.25. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 469,545 shares of company stock valued at $82,226,458. 16.56% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $250.00 price objective on Coinbase Global in a report on Friday, February 13th. Compass Point lowered their target price on Coinbase Global from $190.00 to $140.00 and set a “sell” rating on the stock in a report on Friday, February 20th. Erste Group Bank downgraded shares of Coinbase Global from a “buy” rating to a “hold” rating in a report on Thursday, November 20th. Sanford C. Bernstein restated an “outperform” rating and set a $440.00 price objective on shares of Coinbase Global in a research report on Tuesday, January 6th. Finally, Argus reaffirmed a “hold” rating on shares of Coinbase Global in a research note on Tuesday, November 25th. Nineteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Coinbase Global presently has an average rating of “Hold” and an average target price of $270.51.

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.