California State Teachers Retirement System Raises Stake in Coinbase Global, Inc. $COIN

Posted by Stanley Muller on Jul 31st, 2026

California State Teachers Retirement System raised its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN – Free Report) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 324,386 shares of the cryptocurrency exchange’s stock after acquiring an additional 5,758 shares during the period. California State Teachers Retirement System owned about 0.12% of Coinbase Global worth $56,641,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Coinbase Global in the 4th quarter valued at $656,744,000. Capital World Investors grew its holdings in shares of Coinbase Global by 847.2% during the 4th quarter. Capital World Investors now owns 1,536,534 shares of the cryptocurrency exchange’s stock valued at $347,472,000 after purchasing an additional 1,374,318 shares during the last quarter. Ruffer LLP purchased a new position in Coinbase Global in the 4th quarter worth $166,515,000. Southpoint Capital Advisors LP purchased a new position in Coinbase Global in the 1st quarter worth $104,766,000. Finally, Janus Henderson Group PLC lifted its stake in Coinbase Global by 2,597.8% in the fourth quarter. Janus Henderson Group PLC now owns 549,304 shares of the cryptocurrency exchange’s stock worth $124,221,000 after purchasing an additional 528,943 shares during the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors.

Coinbase Global Stock Performance

Shares of NASDAQ:COIN opened at $163.58 on Friday. The company has a market cap of $43.10 billion, a price-to-earnings ratio of 61.50, a price-to-earnings-growth ratio of 10.30 and a beta of 3.35. The company has a 50-day moving average price of $164.00 and a 200-day moving average price of $181.97. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.44. Coinbase Global, Inc. has a 12 month low of $139.18 and a 12 month high of $402.16.

Coinbase Global (NASDAQ:COIN – Get Free Report) last posted its earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($1.55). The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The firm’s revenue for the quarter was down 30.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 earnings per share. As a group, equities analysts anticipate that Coinbase Global, Inc. will post 1.42 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Jennifer N. Jones sold 2,051 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $158.15, for a total transaction of $324,365.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $159.09, for a total value of $1,590,900.00. Following the completion of the sale, the director directly owned 20,000 shares of the company’s stock, valued at $3,181,800. The trade was a 33.33% 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. In the last quarter, insiders have sold 30,627 shares of company stock worth $5,327,841. Corporate insiders own 16.66% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Coinbase Global from $252.00 to $290.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. B. Riley Financial lowered their target price on Coinbase Global from $243.00 to $203.00 and set a “neutral” rating for the company in a research note on Monday, June 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $208.00 target price on shares of Coinbase Global in a report on Wednesday, June 17th. Weiss Ratings upgraded Coinbase Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Finally, HC Wainwright decreased their price target on Coinbase Global from $350.00 to $310.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Coinbase Global has an average rating of “Hold” and a consensus price target of $233.61.

Check Out Our Latest Research Report on COIN

Trending Headlines about Coinbase Global

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

Positive Sentiment: Coinbase captured a record 10.3% share of global crypto trading volume, up from 9.1% in the first quarter, indicating that it is gaining market share even as overall industry activity weakens. The company also highlighted growth in derivatives, stablecoins, tokenized finance, prediction markets and subscription services. Coinbase Q2 results and record market share
Positive Sentiment: A Manhattan federal judge dismissed much of a customer lawsuit alleging Coinbase illegally sold unregistered securities, including claims involving matched customer transactions. The ruling could reduce legal exposure, although remaining claims may still create risk. Coinbase customer lawsuit ruling
Neutral Sentiment: Management is lobbying for the Senate’s CLARITY Act, which could establish clearer crypto-market rules and potentially make it easier for Coinbase to expand products and attract institutional and retail customers. Passage and timing remain uncertain. CLARITY Act implications for Coinbase
Negative Sentiment: Coinbase reported a GAAP net loss of $359.5 million, or $1.36 per diluted share, versus analysts’ expected loss of roughly $122 million, while revenue fell 18.5% year over year to $1.22 billion, below estimates near $1.29 billion to $1.31 billion. This marked the company’s third consecutive quarterly loss and its third straight revenue and earnings miss. Coinbase third-quarterly loss report
Negative Sentiment: Lower spot-crypto trading volumes and subdued market volatility reduced transaction revenue and outweighed gains in subscription and services revenue. The results raise doubts about whether Coinbase can quickly diversify beyond its traditional exchange business.

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.