Sterling Capital Management LLC Sells 5,149 Shares of Coinbase Global, Inc. $COIN

Posted by Brenda Bartman on Jun 30th, 2026

Sterling Capital Management LLC trimmed its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 42.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,949 shares of the cryptocurrency exchange’s stock after selling 5,149 shares during the period. Sterling Capital Management LLC’s holdings in Coinbase Global were worth $1,213,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. North Dakota State Investment Board purchased a new position in Coinbase Global in the 4th quarter worth approximately $1,626,000. Mizuho Markets Cayman LP bought a new position in Coinbase Global in the 4th quarter worth approximately $33,921,000. Harvest Portfolios Group Inc. grew its holdings in Coinbase Global by 21.7% during the 4th quarter. Harvest Portfolios Group Inc. now owns 376,578 shares of the cryptocurrency exchange’s stock valued at $85,159,000 after buying an additional 67,082 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in Coinbase Global by 303.6% during the 4th quarter. Axxcess Wealth Management LLC now owns 20,316 shares of the cryptocurrency exchange’s stock valued at $4,594,000 after buying an additional 15,282 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Coinbase Global by 1.4% during the fourth quarter. Legal & General Group Plc now owns 1,210,082 shares of the cryptocurrency exchange’s stock valued at $273,648,000 after buying an additional 16,298 shares during the last quarter. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Coinbase Global News Summary

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

Positive Sentiment: Bernstein said Robinhood, Coinbase, and DraftKings could challenge established prediction-market players like Kalshi and Polymarket by launching their own exchanges, highlighting a potentially new revenue stream for COIN. Article Title
Positive Sentiment: Coinbase is positioning itself to benefit from the rollout of the EU’s MiCA rules by trying to attract users leaving unlicensed exchanges such as Binance and Bybit, which could support international growth. Article Title
Positive Sentiment: Several articles highlighted Coinbase’s push into “agentic commerce,” stablecoin payments, and tokenized stock infrastructure, reinforcing the long-term bull case that COIN could become a key blockchain payments platform beyond crypto trading. Article Title
Neutral Sentiment: Coinbase remained a widely watched stock in Zacks coverage, but those pieces did not point to a specific near-term catalyst, mostly reflecting continued investor interest in the name. Article Title
Neutral Sentiment: Coinbase CEO Brian Armstrong’s comments on keeping AI spending low and limiting risky betting promotion in Base were more about operational discipline and reputational management than an immediate earnings driver. Article Title
Negative Sentiment: Bitcoin fell below key levels and crypto prices broadly weakened, which tends to pressure Coinbase because its trading volumes and investor sentiment are closely tied to crypto market direction. Article Title
Negative Sentiment: A Seeking Alpha piece argued that bullish investors are overlooking the weak reality behind the stock’s setup, suggesting skepticism about Coinbase’s near-term fundamentals and valuation. Article Title
Negative Sentiment: Base, Coinbase’s layer-2 network, disclosed a sequencer bug behind recent outages, adding operational risk and raising concerns about reliability of part of Coinbase’s broader ecosystem. Article Title

Insider Activity

In other Coinbase Global news, insider Paul Grewal sold 1,960 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $176.88, for a total transaction of $346,684.80. Following the sale, the insider directly owned 84,753 shares of the company’s stock, valued at $14,991,110.64. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alesia J. Haas sold 10,020 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $200.00, for a total value of $2,004,000.00. Following the sale, the chief financial officer directly owned 377,201 shares in the company, valued at $75,440,200. The trade was a 2.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 30,647 shares of company stock worth $5,740,941. 16.66% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 target price on shares of Coinbase Global in a research report on Wednesday, June 17th. President Capital lifted their price target on shares of Coinbase Global from $236.00 to $264.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price target on shares of Coinbase Global in a research note on Wednesday, June 17th. Sanford C. Bernstein cut their price objective on Coinbase Global from $440.00 to $330.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Finally, Barclays reaffirmed an “underweight” rating on shares of Coinbase Global in a report on Wednesday, June 17th. Eighteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $250.65.

View Our Latest Analysis on Coinbase Global

Coinbase Global Trading Up 1.7%

Shares of COIN opened at $151.65 on Tuesday. The stock has a market capitalization of $39.95 billion, a PE ratio of 57.01, a P/E/G ratio of 5.26 and a beta of 3.32. The company’s fifty day moving average is $180.78 and its 200 day moving average is $195.43. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.14 and a current ratio of 2.14. Coinbase Global, Inc. has a fifty-two week low of $139.18 and a fifty-two week high of $444.64.

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). Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the business earned $0.24 EPS. Coinbase Global’s revenue for the quarter was down 30.5% compared to the same quarter last year. Sell-side analysts expect that Coinbase Global, Inc. will post 1.74 earnings per share for the current fiscal year.

Coinbase Global 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.