Prudential PLC Buys 3,720 Shares of Coinbase Global, Inc. $COIN

Posted by Stanley Muller on Jun 7th, 2026

Prudential PLC lifted its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 38.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,506 shares of the cryptocurrency exchange’s stock after acquiring an additional 3,720 shares during the quarter. Prudential PLC’s holdings in Coinbase Global were worth $3,054,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in COIN. Norges Bank bought a new position in shares of Coinbase Global during the 4th quarter valued at approximately $656,744,000. Vanguard Group Inc. boosted its stake in Coinbase Global by 8.3% in the 3rd quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock worth $8,847,905,000 after purchasing an additional 2,007,930 shares during the period. Ruffer LLP bought a new position in Coinbase Global in the 4th quarter worth approximately $166,515,000. Artisan Partners Limited Partnership bought a new position in Coinbase Global in the 3rd quarter worth approximately $224,663,000. Finally, Anatole Investment Management Ltd bought a new position in Coinbase Global in the 2nd quarter worth approximately $98,698,000. 68.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

COIN has been the subject of several recent analyst reports. Weiss Ratings upgraded Coinbase Global from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. The Goldman Sachs Group upped their price target on Coinbase Global from $226.00 to $228.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Rothschild & Co Redburn upped their price target on Coinbase Global from $254.00 to $263.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Robert W. Baird dropped their price target on Coinbase Global from $160.00 to $142.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Needham & Company LLC dropped their price target on Coinbase Global from $230.00 to $220.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Nineteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $250.23.

Read Our Latest Stock Analysis on COIN

Insider Transactions at Coinbase Global

In other news, CFO Alesia J. Haas sold 10,020 shares of the company’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 transaction of $2,004,000.00. Following the sale, the chief financial officer directly owned 377,201 shares of the company’s stock, valued at $75,440,200. This represents a 2.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $181.54, for a total value of $1,815,400.00. Following the sale, the director directly owned 30,000 shares in the company, valued at $5,446,200. This trade represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 38,546 shares of company stock valued at $7,422,495 over the last 90 days. Insiders own 16.66% of the company’s stock.

Trending Headlines about Coinbase Global

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

Positive Sentiment: Coinbase is expanding into new products with its SpaceX pre-IPO perpetual futures launch for overseas users, a move that could open up a new, higher-margin trading category and support long-term growth. Article Title
Positive Sentiment: Coinbase and Better Mortgage completed the first U.S. Bitcoin-backed home loan approved by Fannie Mae, highlighting Coinbase’s push into real-world crypto utility and financial infrastructure. Article Title
Positive Sentiment: Coinbase CEO Brian Armstrong’s comments on U.S.-China competition reinforce the company’s long-term growth narrative and pro-innovation image. Article Title
Neutral Sentiment: Coinbase remains widely watched by investors, with high web traffic and analyst attention keeping the stock in focus, though this alone does not change fundamentals. Article Title
Negative Sentiment: Baird lowered its price target on Coinbase to $142 and flagged weak trading volumes, implying that crypto activity may stay soft for longer than bulls hoped. Article Title
Negative Sentiment: Bitcoin’s continued selloff and broader crypto weakness are pressuring Coinbase shares by reducing expected trading volume and investor risk appetite. Article Title
Negative Sentiment: A Coinbase director sold 10,000 shares in a pre-arranged transaction, which can add to cautious sentiment even if it was not a discretionary sale. Article Title

Coinbase Global Stock Down 7.1%

Shares of COIN opened at $152.40 on Friday. The stock has a market capitalization of $40.15 billion, a price-to-earnings ratio of 57.29, a price-to-earnings-growth ratio of 5.28 and a beta of 3.32. Coinbase Global, Inc. has a 1 year low of $139.36 and a 1 year high of $444.64. The business’s 50 day simple moving average is $186.06 and its 200-day simple moving average is $207.59. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.14 and a quick ratio of 2.14.

Coinbase Global (NASDAQ:COIN – Get Free Report) last issued its quarterly earnings data 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 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 firm’s revenue was down 30.5% on a year-over-year basis. During the same period last year, the company earned $0.24 earnings per share. As a group, equities analysts expect that Coinbase Global, Inc. will post 1.77 earnings per share for the current fiscal year.

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.