Coinbase Global (NASDAQ:COIN) CEO Sells $10,006,000.00 in Stock

Coinbase Global, Inc. (NASDAQ:COIN) CEO Brian Armstrong sold 40,000 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $250.15, for a total value of $10,006,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible 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 shares were sold at an average price of $257.31, for a total value of $10,292,400.00.
• On Monday, December 8th, Brian Armstrong sold 40,000 shares of Coinbase Global stock. The stock was sold at an average price of $273.86, for a total value of $10,954,400.00.
• On Monday, November 17th, Brian Armstrong sold 40,000 shares of Coinbase Global stock. The shares were sold at an average price of $271.87, for a total value 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 transaction of $10,874,800.00.
• On Monday, November 10th, Brian Armstrong sold 25,000 shares of Coinbase Global stock. The stock was sold at an average price of $320.67, for a total transaction of $8,016,750.00.
• On Monday, November 3rd, Brian Armstrong sold 25,000 shares of Coinbase Global stock. The stock was sold at an average price of $337.49, for a total transaction of $8,437,250.00.
• On Monday, October 13th, Brian Armstrong sold 25,000 shares of Coinbase Global stock. The shares were sold at an average price of $361.32, for a total transaction of $9,033,000.00.
• On Thursday, October 2nd, Brian Armstrong sold 25,000 shares of Coinbase Global stock. The stock was sold at an average price of $355.47, for a total value of $8,886,750.00.

Coinbase Global Trading Down 1.0%

NASDAQ:COIN opened at $239.85 on Friday. Coinbase Global, Inc. has a 12-month low of $142.58 and a 12-month high of $444.64. The firm has a market cap of $64.67 billion, a PE ratio of 20.75 and a beta of 3.69. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average price of $285.85 and a 200 day moving average price of $317.75.

Coinbase Global (NASDAQ:COIN) last posted its quarterly 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. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. Coinbase Global had a return on equity of 15.70% and a net margin of 41.99%.Coinbase Global’s revenue for the quarter was up 55.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 EPS. Sell-side analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coinbase Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COIN. Triumph Capital Management purchased a new position in shares of Coinbase Global during the third quarter worth approximately $312,000. Sherman Porfolios LLC acquired a new stake in Coinbase Global during the 3rd quarter worth $200,000. Keel Point LLC grew its position in Coinbase Global by 32.2% during the 3rd quarter. Keel Point LLC now owns 829 shares of the cryptocurrency exchange’s stock worth $280,000 after purchasing an additional 202 shares during the last quarter. FNY Investment Advisers LLC increased its stake in Coinbase Global by 124.6% in the third quarter. FNY Investment Advisers LLC now owns 4,216 shares of the cryptocurrency exchange’s stock valued at $1,422,000 after purchasing an additional 2,339 shares during the period. Finally, New Mexico Educational Retirement Board increased its stake in Coinbase Global by 5.5% in the third quarter. New Mexico Educational Retirement Board now owns 9,600 shares of the cryptocurrency exchange’s stock valued at $3,240,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 68.84% of the company’s stock.

More Coinbase Global News

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

• Positive Sentiment: Analysts and commentators point to prediction markets and asset tokenization as two scalable new revenue engines that could materially expand Coinbase’s fee base and platform engagement over time — a common bullish thesis cited in recent buy-side pieces. Predictions Markets and Tokenization are 2 Massive Growth Drivers (Yahoo)
• Positive Sentiment: Multiple outlets (24/7 Wall St., 247WallSt) repeat the same thesis that Coinbase sits well-positioned to capture tokenization flows and prediction‑market activity — coverage that can attract momentum buyers if execution or initial metrics validate the thesis. 24/7 Wall St. prediction markets/tokenization
• Neutral Sentiment: Analyst consensus remains constructive but mixed: Market data aggregator shows a consensus rating of “Moderate Buy” with a wide range of price targets — supportive for medium-term sentiment but not a catalyst without clearer earnings or monetization evidence. Average “Moderate Buy” rating (American Banking News)
• Neutral Sentiment: Benzinga and other market‑sentiment pieces show mixed investor positioning and chatter — useful for gauging short-term flows but not definitive on fundamentals. Market sentiment overview (Benzinga)
• Neutral Sentiment: Short-interest data published for December appears anomalous/erroneous (zero shares, NaN change, 0 days-to-cover) — treat as unreliable until exchanges/clearing report corrected figures. (No source link; internal data note.)
• Negative Sentiment: CEO Brian Armstrong sold 40,000 shares (~$10.0M) on Dec. 22; director Fred Ehrsam also disclosed sales — recurring large insider disposals are pressuring sentiment and can trigger short‑term selling even if preplanned. Insider sales report (InsiderTrades)
• Negative Sentiment: Regulatory/legal headwinds: Philippine ISPs blocked access to Coinbase after central‑bank warnings about unlicensed platforms, and Coinbase is litigating in Michigan over prediction‑market rules — these actions increase execution and compliance risk for new products and can limit geographic rollouts. Philippine ISP block (Blockonomi) Michigan lawsuit (MLive)
• Negative Sentiment: Sell-side and independent bearish takes (e.g., Seeking Alpha) argue that both fundamentals and technicals are rolling over — narratives that can accelerate outflows if momentum traders and quant funds pick up the signals. Seeking Alpha sell thesis
• Negative Sentiment: Press pieces note shares are under pressure despite product wins (Solana‑Base bridge, prediction‑market push), underscoring a market skeptical about near‑term monetization—this skepticism is likely the primary driver of today’s weakness. MSN coverage of share pressure

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on COIN shares. Redburn Partners set a $417.00 price objective on shares of Coinbase Global in a report on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Coinbase Global in a research note on Tuesday, October 14th. Jefferies Financial Group reaffirmed a “hold” rating and set a $384.00 price objective on shares of Coinbase Global in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft assumed coverage on Coinbase Global in a research report on Wednesday, December 17th. They set a “buy” rating and a $340.00 target price on the stock. Finally, Barclays decreased their target price on Coinbase Global from $357.00 to $291.00 and set an “equal weight” rating for the company in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $383.54.

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.