Longitude Cayman Ltd. Invests $1.88 Million in Coinbase Global, Inc. $COIN

Posted by Geri Gentry on Jun 12th, 2026

Longitude Cayman Ltd. bought a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 8,300 shares of the cryptocurrency exchange’s stock, valued at approximately $1,877,000. Coinbase Global accounts for about 0.8% of Longitude Cayman Ltd.’s portfolio, making the stock its 26th biggest position.

Several other institutional investors have also recently made changes to their positions in the business. Integrated Wealth Concepts LLC increased its holdings in Coinbase Global by 24.2% in the first quarter. Integrated Wealth Concepts LLC now owns 2,119 shares of the cryptocurrency exchange’s stock valued at $365,000 after buying an additional 413 shares in the last quarter. Empowered Funds LLC grew its position in shares of Coinbase Global by 25.8% in the first quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange’s stock valued at $1,478,000 after purchasing an additional 1,761 shares during the period. Focus Partners Wealth lifted its stake in Coinbase Global by 9.9% in the 1st quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange’s stock worth $896,000 after purchasing an additional 467 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Coinbase Global in the 2nd quarter worth approximately $285,000. Finally, Cerity Partners LLC lifted its stake in Coinbase Global by 8.6% in the 2nd quarter. Cerity Partners LLC now owns 17,694 shares of the cryptocurrency exchange’s stock worth $6,203,000 after purchasing an additional 1,402 shares in the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global Stock Up 4.2%

COIN stock opened at $160.43 on Friday. Coinbase Global, Inc. has a one year low of $139.36 and a one year high of $444.64. The stock has a market capitalization of $42.27 billion, a PE ratio of 60.31, a price-to-earnings-growth ratio of 4.90 and a beta of 3.32. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.14 and a current ratio of 2.14. The company has a fifty day moving average of $185.30 and a 200-day moving average of $204.61.

Coinbase Global (NASDAQ:COIN – Get Free Report) last released its earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing the consensus estimate of $0.06 by ($1.55). Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the business posted $0.24 EPS. The firm’s revenue was down 30.5% on a year-over-year basis. As a group, analysts expect that Coinbase Global, Inc. will post 1.93 EPS for the current year.

Coinbase Global News Summary

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

Positive Sentiment: Coinbase launched “Coinbase for Agents,” enabling AI assistants to trade crypto and make payments, opening a new potential growth channel for trading and payments activity. Coinbase launches tool to let AI agents manage trading and payments
Positive Sentiment: MassPay and Coinbase announced a stablecoin payout partnership, which could expand institutional and cross-border payment volume on Coinbase’s rails. MassPay and Coinbase Partner to Bring Stablecoin-Powered Payouts to Businesses Worldwide
Positive Sentiment: Bernstein said Coinbase could benefit from a World Cup-driven surge in prediction-market activity, pointing to potential user and volume growth. Coinbase eyes World Cup boost as prediction markets surge: Bernstein
Neutral Sentiment: Coverage of Coinbase CEO Brian Armstrong discussing perpetual approval adds context around crypto market structure, but it is not a clear immediate earnings driver. Coinbase CEO Armstrong Talks About Perpetual Approval: What Comes Next?
Negative Sentiment: Coinbase CAO Jennifer N. Jones sold shares in a pre-arranged 10b5-1 transaction, which may add a bit of caution even though it was routine. Coinbase Global, Inc. CAO Jennifer N. Jones Insider Transaction
Negative Sentiment: Some market commentary remains wary as Bitcoin weakness continues to pressure Coinbase sentiment because the stock is highly tied to crypto trading activity and overall digital-asset prices. As Bitcoin Prices Plunge, Wall Street Is Losing Faith in Coinbase Stock

Insiders Place Their Bets

In other news, insider Lawrence J. Brock sold 6,616 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $189.01, for a total value of $1,250,490.16. Following the completion of the transaction, the insider owned 517 shares in the company, valued at $97,718.17. This trade represents a 92.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 10,000 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $181.54, for a total transaction of $1,815,400.00. Following the completion of the transaction, the director owned 30,000 shares of the company’s stock, valued at $5,446,200. This represents a 25.00% decrease in their position. 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. Over the last three months, insiders have sold 40,597 shares of company stock worth $7,746,861. Insiders own 16.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on COIN. B. Riley Financial decreased their target price on shares of Coinbase Global from $243.00 to $203.00 and set a “neutral” rating on the stock in a report on Monday, June 1st. Needham & Company LLC cut their target price on shares of Coinbase Global from $230.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Wedbush set a $224.00 target price on shares of Coinbase Global in a research note on Friday, May 8th. Cantor Fitzgerald increased their price objective on shares of Coinbase Global from $221.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group increased their price objective on shares of Coinbase Global from $226.00 to $228.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Eighteen 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 company’s stock. Based on data from MarketBeat.com, Coinbase Global has a consensus rating of “Hold” and an average target price of $250.23.

Read Our Latest Stock Analysis on COIN

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.