Insider Selling: Coinbase Global (NASDAQ:COIN) Insider Sells 6,616 Shares of Stock

Key Points

• Coinbase insider Lawrence Brock sold 6,616 shares on May 22 at an average price of $189.01, for proceeds of about $1.25 million. After the sale, he retained 517 shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
• Coinbase stock fell 3.5% to $173.78, trading below both its 50-day moving average and 200-day moving average. The stock has also been volatile, with a 12-month range of $139.36 to $444.64.
• The company recently posted weaker-than-expected quarterly results, missing EPS estimates and generating $1.41 billion in revenue versus $1.49 billion expected. Despite that, analysts remain mixed-to-neutral overall, with a consensus Hold rating and an average target price of $252.20.

Coinbase Global, Inc. (NASDAQ:COIN) insider Lawrence Brock sold 6,616 shares of the company's stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $189.01, for a total value of $1,250,490.16. Following the transaction, the insider directly owned 517 shares in the company, valued at approximately $97,718.17. This represents a 92.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Coinbase Global Trading Down 3.5%

NASDAQ:COIN traded down $6.23 during trading hours on Wednesday, hitting $173.78. 8,114,096 shares of the stock were exchanged, compared to its average volume of 11,456,329. The company's 50 day moving average is $190.01 and its two-hundred day moving average is $214.09. Coinbase Global, Inc. has a twelve month low of $139.36 and a twelve month high of $444.64. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $45.78 billion, a P/E ratio of 65.33, a price-to-earnings-growth ratio of 6.62 and a beta of 3.38.

Coinbase Global (NASDAQ:COIN - Get Free Report) last posted 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). Coinbase Global had a return on equity of 4.06% and a net margin of 12.20%.The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the company posted $0.24 EPS. The firm's quarterly revenue was down 30.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Coinbase Global, Inc. will post 1.72 earnings per share for the current fiscal year.

More Coinbase Global News

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

• Positive Sentiment: Coinbase expanded its partnership with Standard Chartered to add multi-currency funding rails for institutional clients, which could improve global trading efficiency and deepen Coinbase’s institutional relationships. Coinbase Expands Global Currency Rails With Standard Chartered
• Positive Sentiment: Coinbase’s Base network launched Base MCP, a tool that lets AI agents like ChatGPT and Claude interact with crypto wallets and on-chain apps, supporting Coinbase’s push into AI-powered payments and agentic commerce. Base launches new tool to connect crypto wallets to AI agents
• Positive Sentiment: Coinbase also upgraded its U.S. Direct Deposit feature, allowing customers to automatically allocate paychecks across cash and crypto, which may help drive recurring buying and higher platform engagement. Coinbase Automates Crypto Investing via Upgraded Direct Deposit
• Neutral Sentiment: Several commentary pieces suggested COIN is trading in a range and that some investors are waiting for a clearer technical setup before buying. Stock Of The Day: Is This The New Range For Coinbase?
• Neutral Sentiment: Some articles focused on Coinbase’s role in broader crypto infrastructure, including AI integrations and blockchain-based financial systems, but these were more strategic than immediate revenue catalysts. Coinbase pushes further into AI payments with new MCP for Base network
• Negative Sentiment: Crypto-market articles pointed to weak Bitcoin demand, negative Coinbase Premium readings, and bearish seasonal/price-action signals, which can weigh on Coinbase because weaker crypto trading typically means lower exchange activity and softer revenue expectations. “Sell in May and Walk Away” Plays Out as Bitcoin Flashes Bearish Signals
• Negative Sentiment: One article argued that competitors and peers such as Interactive Brokers are gaining advantages in growth and valuation, reinforcing competition concerns around Coinbase’s long-term market position. Interactive Brokers Has 1 Big Edge Over Coinbase and Robinhood Most Investors Are Missing

Institutional Investors Weigh In On Coinbase Global

Several hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Coinbase Global in the fourth quarter valued at approximately $656,744,000. Vanguard Group Inc. grew its stake in shares of Coinbase Global by 8.3% during the third quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange's stock worth $8,847,905,000 after buying an additional 2,007,930 shares during the last quarter. Capital World Investors grew its stake in shares of Coinbase Global by 847.2% during the fourth quarter. Capital World Investors now owns 1,536,534 shares of the cryptocurrency exchange's stock worth $347,472,000 after buying an additional 1,374,318 shares during the last quarter. Ruffer LLP bought a new stake in shares of Coinbase Global during the fourth quarter worth $166,515,000. Finally, Artisan Partners Limited Partnership bought a new stake in shares of Coinbase Global in the third quarter worth $224,663,000. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on COIN shares. JPMorgan Chase & Co. raised their target price on Coinbase Global from $252.00 to $290.00 and gave the stock an "overweight" rating in a report on Tuesday, May 5th. Wedbush set a $224.00 target price on Coinbase Global in a report on Friday, May 8th. Canaccord Genuity Group lowered their target price on Coinbase Global from $400.00 to $300.00 and set a "buy" rating for the company in a report on Friday, February 13th. Cantor Fitzgerald increased their target price on Coinbase Global from $221.00 to $250.00 and gave the stock an "overweight" rating in a report on Tuesday, April 21st. Finally, Zacks Research upgraded Coinbase Global from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 14th. Nineteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $252.20.

Coinbase Global Company Profile

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.

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