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

Coinbase Global, Inc. (NASDAQ:COIN) CEO Brian Armstrong sold 40,000 shares of the business’s 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 filing with the SEC, which can be accessed through this hyperlink.

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 shares were 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 stock was 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 shares were 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 stock was 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 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 transaction of $8,886,750.00.

Coinbase Global Trading Down 2.3%

Shares of NASDAQ:COIN opened at $242.30 on Wednesday. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $289.59 and its 200 day moving average price is $318.85. The company has a market cap of $65.33 billion, a PE ratio of 20.96 and a beta of 3.69. Coinbase Global, Inc. has a fifty-two week low of $142.58 and a fifty-two week high of $444.64.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 EPS for the quarter, beating the consensus estimate 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 net margin of 41.99% and a return on equity of 15.70%. Coinbase Global’s revenue was up 55.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 earnings per share. Sell-side analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Key Coinbase Global News

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

• Positive Sentiment: Acquisition accelerates new revenue stream: Coinbase agreed to buy prediction‑market startup The Clearing Company to expand its “Everything Exchange” strategy — a move that could create a new fees-and‑engagement business beyond spot crypto trading if it scales. Coinbase doubles down on prediction markets (Reuters)
• Positive Sentiment: Institutional stablecoin use case: Klarna partnered with Coinbase to integrate USDC funding for short‑term institutional financing — this increases institutional flows and custody/use of USDC on Coinbase rails. Klarna partners with Coinbase (Bitcoin.com)
• Positive Sentiment: Product expansion and distribution: Coinbase is enabling businesses to mint stablecoins and is backing third‑party USDC on‑ramps (e.g., Bitget/Alchemy Pay zero‑fee on‑ramp), which could widen transaction volumes and platform stickiness. Coinbase to allow businesses to create stablecoins (Crowdfund Insider) Bitget/Alchemy Pay on‑ramp (GlobeNewswire)
• Positive Sentiment: Large investor interest: ARK Invest’s Cathie Wood increased exposure to COIN, a vote of confidence that can attract momentum traders and institutional attention. Cathie Wood increases COIN position (Invezz)
• Neutral Sentiment: Tokenization & analyst coverage: Industry pieces compare Coinbase to other tokenization providers and analysts remain mixed; these narratives matter for long‑term valuation but are less likely to move the stock immediately absent concrete monetization metrics. Tokenization comparison (CoinJournal) Trending stock coverage (Zacks)
• Negative Sentiment: Insider sales by CEO and director: CEO Brian Armstrong sold 40,000 shares (~$10.0M) on Dec. 22 (SEC Form 4) and Director Fred Ehrsam disclosed recent sales — large insider dispositions can spook investors even if pre‑scheduled or diversification‑driven. Armstrong Form 4 (SEC) Ehrsam Form 4 (SEC)
• Negative Sentiment: Regulatory/legal friction: Coinbase sued Michigan arguing sports‑betting law shouldn’t bar prediction markets — litigation and state‑by‑state pushback increase execution risk for the new business line and could limit rollout. Coinbase sues over Michigan rules (MLive)
• Negative Sentiment: Market skepticism: Several outlets highlight investor skepticism about how quickly Coinbase can monetize and scale these new initiatives — that skepticism can cap short‑term multiple expansion until results appear. Ambitious pivot faces skepticism (Aktiencheck)

Institutional Trading of Coinbase Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. lifted its holdings in shares of Coinbase Global by 672.2% in the second quarter. Bessemer Group Inc. now owns 1,166 shares of the cryptocurrency exchange’s stock valued at $408,000 after purchasing an additional 1,015 shares in the last quarter. SP Asset Management LLC acquired a new position in Coinbase Global during the second quarter valued at $360,000. Kera Capital Partners Inc. lifted its stake in Coinbase Global by 3.0% in the 2nd quarter. Kera Capital Partners Inc. now owns 36,960 shares of the cryptocurrency exchange’s stock worth $12,954,000 after acquiring an additional 1,085 shares in the last quarter. Parallel Advisors LLC lifted its stake in Coinbase Global by 102.6% in the 2nd quarter. Parallel Advisors LLC now owns 10,665 shares of the cryptocurrency exchange’s stock worth $3,738,000 after acquiring an additional 5,402 shares in the last quarter. Finally, New York Life Investment Management LLC boosted its position in Coinbase Global by 890.8% during the 2nd quarter. New York Life Investment Management LLC now owns 31,479 shares of the cryptocurrency exchange’s stock worth $11,033,000 after acquiring an additional 28,302 shares during the period. 68.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. 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 price target for the company. HC Wainwright raised shares of Coinbase Global from a “sell” rating to a “buy” rating and upped their price objective for the stock from $300.00 to $425.00 in a report on Thursday, October 30th. Monness Crespi & Hardt raised shares of Coinbase Global from a “neutral” rating to a “buy” rating and set a $375.00 target price on the stock in a research note on Monday, November 10th. China Renaissance boosted their price target on shares of Coinbase Global from $444.60 to $479.30 in a research report on Monday, November 3rd. Finally, The Goldman Sachs Group set a $294.00 price objective on shares of Coinbase Global and gave the company a “neutral” rating in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $383.54.

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.