Rep. Gilbert Ray Cisneros, Jr. Sells Coinbase Global, Inc. (NASDAQ:COIN) Shares

Key Points

• Rep. Gilbert Ray Cisneros Jr. sold between $1,001 and $15,000 of Coinbase shares on August 18, according to a congressional disclosure.
• Coinbase reported a quarterly loss of $1.36 per share and revenue of $1.22 billion, missing analyst estimates; revenue declined 18.5% year over year. The stock opened at $175.26, while analysts’ average rating was “Hold” with a $218.74 price target.
• Other Coinbase insiders have also sold shares, including Director Marc Andreessen, who sold approximately $2.5 million under a pre-arranged trading plan. Meanwhile, institutional ownership remains substantial at 68.84%.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Coinbase Global, Inc. (NASDAQ:COIN). In a filing disclosed on September 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Coinbase Global stock on August 18th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of DoorDash NASDAQ: DASH on 8/28/2026.
• Purchased $15,001 - $50,000 in shares of Quanta Services NYSE: PWR on 8/27/2026.
• Purchased $15,001 - $50,000 in shares of Eaton NYSE: ETN on 8/27/2026.
• Sold $15,001 - $50,000 in shares of NIKE NYSE: NKE on 8/27/2026.
• Sold $1,001 - $15,000 in shares of Phreesia NYSE: PHR on 8/26/2026.
• Purchased $1,001 - $15,000 in shares of Wheaton Precious Metals NYSE: WPM on 8/26/2026.
• Purchased $1,001 - $15,000 in shares of Walmart NASDAQ: WMT on 8/26/2026.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 8/26/2026.
• Sold $15,001 - $50,000 in shares of Lamar Advertising NASDAQ: LAMR on 8/25/2026.
• Sold $1,001 - $15,000 in shares of Phreesia NYSE: PHR on 8/25/2026.

Coinbase Global Price Performance

NASDAQ COIN opened at $175.26 on Friday. Coinbase Global, Inc. has a 1 year low of $139.11 and a 1 year high of $402.16. The business's fifty day moving average is $165.43 and its two-hundred day moving average is $175.91. The stock has a market capitalization of $46.24 billion, a P/E ratio of -45.64 and a beta of 3.39. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.42 and a current ratio of 2.42.

Coinbase Global (NASDAQ:COIN - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.92). The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.29 billion. Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%.The business's revenue was down 18.5% compared to the same quarter last year. During the same period in the prior year, the business earned $5.14 earnings per share. On average, research analysts forecast that Coinbase Global, Inc. will post -0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on COIN. Citigroup reiterated a "market outperform" rating on shares of Coinbase Global in a research report on Friday, July 31st. Canaccord Genuity Group restated a "buy" rating and set a $300.00 price objective on shares of Coinbase Global in a report on Friday, July 31st. Benchmark reduced their price objective on shares of Coinbase Global from $270.00 to $230.00 and set a "buy" rating for the company in a research note on Friday, July 31st. Morgan Stanley began coverage on shares of Coinbase Global in a report on Thursday. They set an "equal weight" rating and a $250.00 price target on the stock. Finally, Mizuho set a $155.00 price target on shares of Coinbase Global in a research report on Friday, July 31st. Eighteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $218.74.

Insider Buying and Selling at Coinbase Global

In other news, CAO Jennifer N. Jones sold 2,062 shares of the company's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $188.75, for a total transaction of $389,202.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Marc L. Andreessen sold 13,676 shares of Coinbase Global stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $181.14, for a total value of $2,477,270.64. Following the completion of the sale, the director owned 1,136,324 shares of the company's stock, valued at approximately $205,833,729.36. The trade was a 1.19% 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. In the last ninety days, insiders have sold 70,806 shares of company stock worth $11,307,687. Insiders own 16.66% of the company's stock.

Institutional Investors Weigh In On Coinbase Global

A number of hedge funds and other institutional investors have recently made changes to their positions in COIN. California State Teachers Retirement System lifted its position in shares of Coinbase Global by 14,352.9% during the second quarter. California State Teachers Retirement System now owns 46,883,279 shares of the cryptocurrency exchange's stock worth $6,853,867,000 after purchasing an additional 46,558,893 shares in the last quarter. Norges Bank acquired a new stake in shares of Coinbase Global in the fourth quarter valued at approximately $656,744,000. Capital World Investors increased its holdings in shares of Coinbase Global by 847.2% in the fourth 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 in the last quarter. Bank of New York Mellon Corp bought a new position in Coinbase Global in the 2nd quarter worth approximately $142,995,000. Finally, Southpoint Capital Advisors LP bought a new position in Coinbase Global in the 1st quarter worth approximately $104,766,000. 68.84% of the stock is 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: Bitcoin rallied and broader risk appetite improved, providing a direct tailwind for Coinbase because trading activity, transaction revenue and investor sentiment are closely tied to crypto prices. Coinbase’s recent market-share gains and growing derivatives, stablecoin and prediction-market businesses may be reinforcing the move. Coinbase gains as bitcoin rallies and broader risk appetite improves
• Positive Sentiment: Coinbase partnered with payments infrastructure provider Moov to bring stablecoin acceptance, settlement and real-time funding to more than 1,000 U.S. community banks and credit unions. The deal could expand Coinbase’s institutional distribution and create future transaction, custody and payments revenue. Coinbase partners with Moov to boost community bank stablecoin capabilities
• Positive Sentiment: CEO Brian Armstrong said stablecoin payments could become a major growth engine and reiterated that Bitcoin could reach $400,000 by 2030. These comments support Coinbase’s long-term growth narrative, although they are projections rather than new financial results. Coinbase CEO confident stablecoin payments will fuel growth
• Positive Sentiment: Zacks upgraded Coinbase from “strong sell” to “hold,” modestly improving the recent ratings backdrop.
• Neutral Sentiment: Management said crypto regulation could advance through SEC and CFTC rulemaking even if the Senate’s CLARITY Act stalls. This reduces the risk of an outright legislative setback, but the upcoming vote remains a source of uncertainty. Coinbase and Grayscale say crypto rules will advance with or without CLARITY
• Neutral Sentiment: Morgan Stanley initiated coverage at Equal Weight with a $250 price target, recognizing Coinbase’s broader “Everything Exchange” strategy while warning that earnings remain highly exposed to crypto-market volatility. Morgan Stanley rates Coinbase as Hold equivalent
• Negative Sentiment: Director Marc Andreessen sold approximately $2.5 million of COIN under a pre-arranged Rule 10b5-1 plan. The transaction was relatively small compared with his remaining stake but may weigh modestly on sentiment. SEC insider transaction filing
• Negative Sentiment: Coinbase’s latest quarter showed an EPS and revenue miss, with revenue declining year over year, highlighting the company’s continuing sensitivity to crypto-cycle weakness and trading volumes.
• Negative Sentiment: Reports that White House adviser Kevin Hassett held up to $5 million in Coinbase shares while involved in crypto-policy discussions could renew conflict-of-interest and regulatory scrutiny concerns. Hassett kept Coinbase stake as crypto policy changed

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Coinbase Global Company Profile

Coinbase Global, Inc operates a digital asset and cryptocurrency platform serving retail users, institutions, developers and ecosystem partners. Through its exchange, customers can buy, sell, convert, store and transfer a range of cryptocurrencies and other digital assets. The company also provides an advanced trading platform for more experienced users and services designed for institutional trading and market access.

Its product offerings include custodial services, institutional prime brokerage and custody, staking services, a self-custody wallet, and tools that enable developers and businesses to build applications using blockchain networks.

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