Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Coinbase Global, Inc. NASDAQ: COIN. In a filing disclosed on July 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Coinbase Global stock on June 24th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Zoom Communications NASDAQ: ZM on 6/25/2025.
- Purchased $1,001 - $15,000 in shares of Circle Internet Group NYSE: CRCL on 6/24/2025.
- Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 6/23/2025.
- Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 6/13/2025.
- Sold $1,001 - $15,000 in shares of Atlassian NASDAQ: TEAM on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of ServiceTitan NASDAQ: TTAN on 6/11/2025.
- Sold $1,001 - $15,000 in shares of Datadog NASDAQ: DDOG on 6/11/2025.
- Sold $1,001 - $15,000 in shares of GitLab NASDAQ: GTLB on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/11/2025.
- Sold $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 6/11/2025.
Coinbase Global Stock Up 2.2%
Coinbase Global stock traded up $9.03 during trading hours on Friday, reaching $419.78. The stock had a trading volume of 27,962,527 shares, compared to its average volume of 11,072,439. The company has a market cap of $106.57 billion, a price-to-earnings ratio of 78.61, a PEG ratio of 30.30 and a beta of 3.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.52 and a quick ratio of 2.52. The business's 50 day moving average price is $297.88 and its 200-day moving average price is $250.10. Coinbase Global, Inc. has a 52 week low of $142.58 and a 52 week high of $444.41.
Coinbase Global (NASDAQ:COIN - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The cryptocurrency exchange reported $1.94 earnings per share for the quarter, missing analysts' consensus estimates of $2.18 by ($0.24). Coinbase Global had a return on equity of 20.25% and a net margin of 21.14%. The business had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $2.22 billion. During the same quarter in the previous year, the firm posted $2.53 EPS. Coinbase Global's revenue was up 24.2% on a year-over-year basis. Sell-side analysts anticipate that Coinbase Global, Inc. will post 7.22 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Coinbase Global during the 2nd quarter valued at approximately $9,397,000. EWA LLC purchased a new position in shares of Coinbase Global during the 2nd quarter valued at approximately $413,000. FengHe Fund Management Pte. Ltd. lifted its position in shares of Coinbase Global by 136.3% during the 2nd quarter. FengHe Fund Management Pte. Ltd. now owns 31,900 shares of the cryptocurrency exchange's stock valued at $11,181,000 after buying an additional 18,400 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Coinbase Global by 84.0% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 257,217 shares of the cryptocurrency exchange's stock valued at $90,152,000 after buying an additional 117,405 shares in the last quarter. Finally, BSW Wealth Partners purchased a new position in shares of Coinbase Global during the 2nd quarter valued at approximately $231,000. 68.84% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Coinbase Global
In other news, CEO Brian Armstrong sold 336,265 shares of Coinbase Global stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $362.61, for a total transaction of $121,933,051.65. Following the transaction, the chief executive officer owned 526 shares in the company, valued at $190,732.86. The trade was a 99.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frederick Ernest Ehrsam III sold 30,167 shares of Coinbase Global stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $252.68, for a total value of $7,622,597.56. Following the transaction, the director owned 10,417 shares in the company, valued at approximately $2,632,167.56. This represents a 74.33% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,245,915 shares of company stock worth $447,462,456. Insiders own 17.65% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on COIN shares. Keefe, Bruyette & Woods boosted their price target on Coinbase Global from $183.00 to $205.00 and gave the stock a "market perform" rating in a research note on Friday, May 9th. Citigroup restated an "outperform" rating on shares of Coinbase Global in a research note on Monday. Compass Point upgraded Coinbase Global from a "sell" rating to a "neutral" rating and set a $195.00 price target on the stock in a research note on Monday, May 12th. Needham & Company LLC dropped their price target on Coinbase Global from $330.00 to $270.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Finally, Barclays boosted their price target on Coinbase Global from $202.00 to $359.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $313.10.
Get Our Latest Analysis on COIN
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Coinbase Global
(
Get Free Report)
Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.
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