Coinbase Global (NASDAQ:COIN) CEO Brian Armstrong Sells 40,000 Shares

Coinbase Global, Inc. (NASDAQ:COIN) CEO Brian Armstrong sold 40,000 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $250.15, for a total transaction of $10,006,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Brian Armstrong also recently made the following trade(s):

• On Wednesday, November 26th, Brian Armstrong sold 40,000 shares of Coinbase Global stock. The stock was sold at an average price of $257.31, for a total transaction of $10,292,400.00.
• On Monday, December 8th, Brian Armstrong sold 40,000 shares of Coinbase Global stock. The shares were sold at an average price of $273.86, for a total transaction of $10,954,400.00.
• On Monday, November 17th, Brian Armstrong sold 40,000 shares of Coinbase Global stock. The stock was sold at an average price of $271.87, for a total transaction of $10,874,800.00.
• On Monday, November 17th, Brian Armstrong sold 40,000 shares of Coinbase Global stock. The stock was sold at an average price of $271.87, for a total value of $10,874,800.00.
• On Monday, November 10th, Brian Armstrong sold 25,000 shares of Coinbase Global stock. The shares were sold at an average price of $320.67, for a total value of $8,016,750.00.
• On Monday, November 3rd, Brian Armstrong sold 25,000 shares of Coinbase Global stock. The shares were sold at an average price of $337.49, for a total value of $8,437,250.00.
• On Monday, October 13th, Brian Armstrong sold 25,000 shares of Coinbase Global stock. The stock was sold at an average price of $361.32, for a total value of $9,033,000.00.
• On Thursday, October 2nd, Brian Armstrong sold 25,000 shares of Coinbase Global stock. The shares were sold at an average price of $355.47, for a total value of $8,886,750.00.

Coinbase Global Price Performance

Shares of COIN traded down $5.60 during trading hours on Tuesday, reaching $242.30. 6,930,953 shares of the company traded hands, compared to its average volume of 10,756,959. The stock has a fifty day simple moving average of $291.57 and a 200 day simple moving average of $318.91. Coinbase Global, Inc. has a fifty-two week low of $142.58 and a fifty-two week high of $444.64. The stock has a market capitalization of $65.33 billion, a PE ratio of 20.96 and a beta of 3.69. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.37.

Coinbase Global (NASDAQ:COIN) last released its earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.40. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the firm earned $0.28 EPS. The firm’s quarterly revenue was up 55.1% on a year-over-year basis. As a group, research analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Coinbase Global

A number of large investors have recently modified their holdings of the stock. Cadent Capital Advisors LLC boosted its holdings in Coinbase Global by 1.0% in the 2nd quarter. Cadent Capital Advisors LLC now owns 3,162 shares of the cryptocurrency exchange’s stock worth $1,108,000 after acquiring an additional 30 shares during the period. Ameriflex Group Inc. lifted its position in shares of Coinbase Global by 20.0% during the second quarter. Ameriflex Group Inc. now owns 180 shares of the cryptocurrency exchange’s stock worth $68,000 after purchasing an additional 30 shares in the last quarter. Capital Advisors Wealth Management LLC boosted its stake in shares of Coinbase Global by 2.0% in the third quarter. Capital Advisors Wealth Management LLC now owns 1,549 shares of the cryptocurrency exchange’s stock valued at $523,000 after purchasing an additional 30 shares during the period. Elevation Wealth Partners LLC grew its holdings in Coinbase Global by 37.6% during the 3rd quarter. Elevation Wealth Partners LLC now owns 117 shares of the cryptocurrency exchange’s stock valued at $39,000 after purchasing an additional 32 shares in the last quarter. Finally, West Family Investments Inc. increased its stake in Coinbase Global by 3.3% during the 3rd quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock worth $347,000 after buying an additional 33 shares during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on COIN. Erste Group Bank cut Coinbase Global from a “buy” rating to a “hold” rating in a report on Thursday, November 20th. Rothschild & Co Redburn decreased their target price on shares of Coinbase Global from $417.00 to $404.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Citigroup reaffirmed a “market outperform” rating on shares of Coinbase Global in a research report on Thursday, December 18th. Monness Crespi & Hardt raised shares of Coinbase Global from a “neutral” rating to a “buy” rating and set a $375.00 price target on the stock in a research note on Monday, November 10th. Finally, Rosenblatt Securities lifted their price target on shares of Coinbase Global from $450.00 to $470.00 in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $383.54.

Coinbase Global News Summary

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

• Positive Sentiment: Acquisition: Coinbase agreed to buy prediction‑markets startup The Clearing Company, accelerating its push to become an “Everything Exchange” and diversifying fee pools beyond spot crypto trading — a potential long‑term revenue and engagement driver. Coinbase doubles down on prediction markets (Reuters)
• Positive Sentiment: Institutional stablecoin use case: Klarna has struck a deal to use USDC for short‑term institutional funding via Coinbase rails — this could lift custody, settlement volumes and USDC flow through Coinbase services. Klarna partners with Coinbase (Bitcoin.com)
• Positive Sentiment: Product expansion/tighter rails: Coinbase is enabling businesses to issue stablecoins and is backing third‑party on‑ramps (e.g., Bitget/Alchemy Pay zero‑fee USDC on‑ramp) — moves that expand addressable transaction flow and could raise platform volumes if monetized. Coinbase to allow businesses to create stablecoins (Crowdfund Insider) Bitget/Alchemy Pay on‑ramp (GlobeNewswire)
• Positive Sentiment: Notable investor interest: Reports that Cathie Wood/ARK increased COIN exposure have been cited as supporting demand and positive sentiment for the name. Cathie Wood increases COIN (Invezz)
• Neutral Sentiment: Analyst/market narrative: Coverage is mixed—some firms reiterate buy/neutral ratings while others trim targets; media frames these moves as strategy to capture stablecoin growth and tokenization, but monetization and regulation will determine impact. Wall Street views (InsiderMonkey)
• Neutral Sentiment: Tokenization commentary: Industry pieces contrast Coinbase’s distribution/access role with other tokenization players — signals strategic interest but not an immediate revenue read. Tokenization of stocks (CoinJournal)
• Negative Sentiment: Legal/regulatory risk: Coinbase sued Michigan arguing state sports‑betting laws don’t apply to prediction markets — that highlights near‑term legal friction and potential state‑level restrictions for the new product line. Coinbase sues over Michigan rules (MLive)
• Negative Sentiment: Insider selling: Director Frederick Ehrsam sold 1,375 shares (~$252.82 avg) in mid‑December (filed on Form 4); while small relative to market cap, investors sometimes interpret repeated insider sales cautiously. Director Form 4 (SEC)

About Coinbase Global

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.