Teachers Retirement System of The State of Kentucky Raises Stock Holdings in Coinbase Global, Inc. $COIN

Key Points

• Teachers Retirement System of the State of Kentucky increased its position in Coinbase by 48.5% in Q4, adding 8,000 shares to hold 24,488 shares worth about $5.54 million.
• Coinbase missed quarterly estimates with $0.66 EPS versus a $0.83 consensus and reported $1.78 billion in revenue (down 21.6% year‑over‑year), reflecting softer trading volumes.
• Institutional ownership is high (~68.8%) and MarketBeat's consensus rating is a Hold with a $262.07 target, while insiders have been net sellers (CFO sold 10,020 shares; ~394,590 shares sold in the past 90 days).

Teachers Retirement System of The State of Kentucky raised its position in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 48.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,488 shares of the cryptocurrency exchange's stock after acquiring an additional 8,000 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Coinbase Global were worth $5,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of COIN. REAP Financial Group LLC purchased a new stake in shares of Coinbase Global during the 3rd quarter worth approximately $25,000. Palisade Asset Management LLC purchased a new stake in shares of Coinbase Global during the 3rd quarter worth approximately $29,000. Salomon & Ludwin LLC raised its holdings in shares of Coinbase Global by 4,400.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange's stock worth $30,000 after acquiring an additional 88 shares in the last quarter. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Coinbase Global during the 3rd quarter worth approximately $35,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of Coinbase Global during the 3rd quarter worth approximately $36,000. 68.84% of the stock is owned by hedge funds and other institutional investors.

Coinbase Global Price Performance

Shares of NASDAQ:COIN opened at $199.77 on Monday. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40. Coinbase Global, Inc. has a 12 month low of $139.36 and a 12 month high of $444.64. The company has a 50-day moving average price of $185.15 and a 200 day moving average price of $234.64. The company has a market cap of $52.76 billion, a price-to-earnings ratio of 45.51, a PEG ratio of 4.52 and a beta of 3.60.

Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.17). The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.86 billion. Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The firm's revenue was down 21.6% on a year-over-year basis. During the same period in the previous year, the business posted $4.68 EPS. As a group, equities research analysts predict that Coinbase Global, Inc. will post 2.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

COIN has been the topic of several recent research reports. Benchmark decreased their price objective on Coinbase Global from $421.00 to $267.00 and set a "buy" rating on the stock in a report on Friday, February 13th. JPMorgan Chase & Co. lowered their price target on shares of Coinbase Global from $399.00 to $290.00 and set an "overweight" rating for the company in a report on Tuesday, February 10th. Jefferies Financial Group increased their price target on shares of Coinbase Global from $151.00 to $181.00 and gave the company a "hold" rating in a report on Thursday, April 9th. HC Wainwright lowered their price target on shares of Coinbase Global from $425.00 to $350.00 and set a "buy" rating for the company in a report on Wednesday, February 11th. Finally, China Renaissance lowered their price target 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 investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Coinbase Global currently has a consensus rating of "Hold" and a consensus price target of $262.07.

Insider Transactions at Coinbase Global

In other Coinbase Global news, CFO Alesia J. Haas sold 10,020 shares of the firm's stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $200.00, for a total value of $2,004,000.00. Following the completion of the sale, the chief financial officer owned 377,201 shares of the company's stock, valued at $75,440,200. This trade represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 394,590 shares of company stock valued at $62,508,690 over the last ninety days. 16.56% of the stock is owned by company insiders.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Cantor Fitzgerald raised its price target on Coinbase, signaling analyst confidence in the company’s longer‑term outlook. Cantor Fitzgerald Raises Coinbase Price Target
• Positive Sentiment: Reports say institutional crypto inflows have surged, boosting trading volumes and custody demand—supportive for Coinbase’s revenue mix. Institutional Crypto Inflows Surge
• Positive Sentiment: Coinbase and Bybit announced cooperation on tokenized U.S. equities, which could expand product offerings and institutional execution capabilities. Coinbase and Bybit Tokenized Equities
• Positive Sentiment: Coinbase expanded USDC cross‑border payments with Nium (190+ countries), highlighting growth in payments and stablecoin use cases. Coinbase and Nium USDC Expansion
• Positive Sentiment: Product/market wins around XRP (survey interest and new institutional execution tools like Trade‑at‑Settlement for futures) may attract more institutional flow. Coinbase and XRP Institutional Moves
• Neutral Sentiment: Coinbase joined industry lobbying for the CLARITY Act and broader regulatory clarity—potentially positive long term but uncertain timing. CLARITY Act Push
• Neutral Sentiment: CEO commentary promoting Base and Coinbase’s quantum advisory notes raise the company’s tech/strategic narrative; useful context but not immediate revenue drivers. Base and Tech Commentary
• Negative Sentiment: Wisconsin sued Coinbase and other prediction‑market platforms alleging illegal sports betting; the suit seeks injunctions and adds state regulatory risk. Wisconsin Sues Prediction Markets
• Negative Sentiment: New York previously sued Coinbase over prediction markets and Coinbase moved part of its fight to federal court; accumulating litigation could increase legal costs and operational constraints. New York Prediction Market Suit
• Negative Sentiment: Department of Justice charges tied to insider trading on prediction markets and broader enforcement focus raise compliance and reputational risk for platforms. DOJ Insider Trading Charges
• Negative Sentiment: Binance.US cut spot trading fees to near zero, a competitive move that could pressure Coinbase’s trading revenue and margins. Binance.US Fee Cuts

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.

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