Coinbase Global (NASDAQ:COIN) Insider Lawrence Brock Sells 6,616 Shares

Coinbase Global, Inc. (NASDAQ:COIN) insider Lawrence Brock sold 6,616 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider owned 517 shares of the company’s stock, valued at $97,718.17. This represents a 92.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Coinbase Global Price Performance

Shares of COIN stock opened at $173.78 on Thursday. The stock has a 50 day moving average of $189.42 and a two-hundred day moving average of $213.23. The company has a current ratio of 2.14, a quick ratio of 2.34 and a debt-to-equity ratio of 0.44. Coinbase Global, Inc. has a 12 month low of $139.36 and a 12 month high of $444.64. The company has a market capitalization of $45.78 billion, a P/E ratio of 65.33, a P/E/G ratio of 6.44 and a beta of 3.38.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the company posted $0.24 earnings per share. The company’s quarterly revenue was down 30.5% on a year-over-year basis. As a group, equities analysts expect that Coinbase Global, Inc. will post 1.72 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on COIN. Monness Crespi & Hardt reissued a “sell” rating and issued a $110.00 target price (down from $115.00) on shares of Coinbase Global in a report on Friday, May 8th. The Goldman Sachs Group increased their target price on Coinbase Global from $225.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Rothschild & Co Redburn increased their target price on Coinbase Global from $254.00 to $263.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Barclays dropped their target price on Coinbase Global from $140.00 to $107.00 and set an “underweight” rating for the company in a report on Friday, May 8th. Finally, Piper Sandler dropped their target price on Coinbase Global from $180.00 to $170.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Nineteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $252.20.

Institutional Investors Weigh In On Coinbase Global

A number of hedge funds and other institutional investors have recently bought and sold shares of COIN. Norges Bank acquired a new stake in Coinbase Global during the 4th quarter valued at $656,744,000. Vanguard Group Inc. increased its holdings in Coinbase Global by 8.3% during the 3rd quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock valued at $8,847,905,000 after purchasing an additional 2,007,930 shares in the last quarter. Capital World Investors increased its holdings in Coinbase Global by 847.2% during the 4th 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. Ruffer LLP acquired a new stake in Coinbase Global during the 4th quarter valued at $166,515,000. Finally, Artisan Partners Limited Partnership acquired a new stake in Coinbase Global during the 3rd quarter valued at $224,663,000. 68.84% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Coinbase expanded its institutional fiat infrastructure through a partnership with Standard Chartered, adding multi-currency funding support in six major currencies. The move should make deposits, withdrawals, and settlement easier for global institutional clients and could support longer-term trading volume. Coinbase, Standard Chartered Partner to Add 6 Currency Access
• Positive Sentiment: Coinbase also pushed further into AI-linked crypto payments with Base MCP, a tool that lets AI assistants like ChatGPT and Claude interact with wallets and execute on-chain actions. That could help position Coinbase’s Base network in an emerging “agentic commerce” trend. Base launches new tool to connect crypto wallets to AI agents
• Positive Sentiment: Coinbase upgraded its U.S. Direct Deposit product, allowing customers to automatically split paychecks between cash and crypto. This could improve user engagement and make recurring investing easier. Coinbase Automates Crypto Investing via Upgraded Direct Deposit
• Neutral Sentiment: Several commentary pieces suggest COIN may be stuck in a trading range and that valuations remain dependent on sustained crypto-market momentum rather than just product announcements. Stock Of The Day: Is This The New Range For Coinbase?
• Neutral Sentiment: Analysts also highlighted weakness in Bitcoin demand and negative Coinbase Premium signals, which point to softer crypto buying interest and can weigh on Coinbase’s near-term trading and transaction outlook. Sell in May and Walk Away” Plays Out as Bitcoin Flashes Bearish Signals
• Negative Sentiment: Insider selling from Lawrence J. Brock may be read cautiously by investors, even though the transaction was made under a pre-arranged trading plan. Coinbase Global Price Performance

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.