Clearbridge Investments LLC Decreases Position in Coinbase Global, Inc. $COIN

Posted by Geri Gentry on Jun 11th, 2026

Clearbridge Investments LLC cut its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 20.4% during the fourth quarter, HoldingsChannel reports. The firm owned 41,759 shares of the cryptocurrency exchange’s stock after selling 10,716 shares during the quarter. Clearbridge Investments LLC’s holdings in Coinbase Global were worth $9,443,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. West Family Investments Inc. raised its position in Coinbase Global by 3.3% during the third quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock valued at $347,000 after purchasing an additional 33 shares during the period. GW&K Investment Management LLC raised its position in Coinbase Global by 32.2% during the third quarter. GW&K Investment Management LLC now owns 152 shares of the cryptocurrency exchange’s stock valued at $51,000 after purchasing an additional 37 shares during the period. Bridgewater Advisors Inc. raised its position in Coinbase Global by 1.2% during the third quarter. Bridgewater Advisors Inc. now owns 3,307 shares of the cryptocurrency exchange’s stock valued at $1,116,000 after purchasing an additional 38 shares during the period. Formidable Asset Management LLC raised its position in Coinbase Global by 2.2% during the fourth quarter. Formidable Asset Management LLC now owns 2,074 shares of the cryptocurrency exchange’s stock valued at $469,000 after purchasing an additional 44 shares during the period. Finally, L2 Asset Management LLC raised its position in Coinbase Global by 5.0% during the third quarter. L2 Asset Management LLC now owns 965 shares of the cryptocurrency exchange’s stock valued at $326,000 after purchasing an additional 46 shares during the period. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Coinbase Global Trading Down 1.0%

COIN opened at $153.97 on Thursday. The stock’s fifty day moving average is $185.58 and its two-hundred day moving average is $205.18. The company has a market capitalization of $40.56 billion, a P/E ratio of 57.88, a PEG ratio of 4.95 and a beta of 3.32. Coinbase Global, Inc. has a 52 week low of $139.36 and a 52 week high of $444.64. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.44.

Coinbase Global (NASDAQ:COIN – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing the consensus estimate of $0.06 by ($1.55). The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The company’s revenue for the quarter was down 30.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 earnings per share. Analysts forecast that Coinbase Global, Inc. will post 1.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on COIN. Bank of America decreased their price objective on Coinbase Global from $288.00 to $234.00 in a research report on Thursday, April 2nd. UBS Group set a $264.00 price target on Coinbase Global in a report on Friday, February 13th. Citizens Jmp reduced their price target on Coinbase Global from $400.00 to $355.00 and set a “market outperform” rating on the stock in a report on Friday, April 10th. HC Wainwright reduced their price target on Coinbase Global from $350.00 to $310.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Monness Crespi & Hardt reiterated a “sell” rating on shares of Coinbase Global in a report on Friday, June 5th. Eighteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $250.23.

Get Our Latest Stock Report on Coinbase Global

Key Coinbase Global News

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

Positive Sentiment: Coinbase is featured in Mastercard’s new AI-agent payments push, alongside Ripple and other major crypto firms, which highlights Coinbase’s role in emerging payments infrastructure and could support longer-term growth. Mastercard Taps Coinbase, Ripple and Crypto Firms for AI Agent Payments
Positive Sentiment: Coinbase executives said institutions, family offices, and sovereign funds are still buying Bitcoin on weakness, signaling durable demand in the crypto market and reinforcing a constructive backdrop for Coinbase’s trading and institutional businesses. Institutional Conviction Remains Strong Despite Bitcoin Downturn, According to Coinbase Executive
Positive Sentiment: Coinbase continues to expand stablecoin and payments products, including a card concept for users who can’t access traditional credit, which could broaden its customer base and deepen ecosystem usage. Coinbase Card Lets Credit Insecure Customers Use Crypto as Collateral
Neutral Sentiment: New market-structure developments around Pyth indexes and tokenized 24/7 pricing show the industry is innovating, but the direct impact on Coinbase’s near-term earnings remains unclear. Pyth unveils continuous pricing indexes for US stocks and commodities
Neutral Sentiment: Coinbase CAO Jennifer Jones sold 2,051 shares under a pre-arranged 10b5-1 plan; the sale is routine, but insider selling can still add some investor caution. Coinbase Global, Inc. CAO Jennifer N. Jones Insider Transaction
Negative Sentiment: Articles focused on Bitcoin’s recent weakness and skepticism toward Coinbase stock are weighing on sentiment, since COIN remains highly tied to crypto prices and trading activity. As Bitcoin Prices Plunge, Wall Street Is Losing Faith in Coinbase Stock
Negative Sentiment: Competitive pressure is also building, with rivals expanding tokenized stock and commodity derivatives offerings in Europe, which could intensify competition in Coinbase-adjacent crypto trading products. OKX expands X-Perps in Europe with Magnificent 7, gold and oil futures

Insider Activity at Coinbase Global

In other Coinbase Global news, insider Lawrence J. Brock sold 6,616 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $189.01, for a total transaction of $1,250,490.16. Following the transaction, the insider directly owned 517 shares in the company, valued at $97,718.17. This trade represents a 92.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,051 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $158.15, for a total value of $324,365.65. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 40,597 shares of company stock worth $7,746,861 over the last three months. Corporate insiders own 16.66% of the company’s stock.

Coinbase Global Company Profile

(Free Report)

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.