Rep. Jefferson Shreve Sells Coinbase Global, Inc. (NASDAQ:COIN) Stock

Posted by Francis Steltz on Jul 24th, 2025

Representative Jefferson Shreve (R-Indiana) recently sold shares of Coinbase Global, Inc. (NASDAQ:COIN). In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Coinbase Global stock on May 12th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

Sold $15,001 – $50,000 in shares of Hubbell (NYSE:HUBB) on 5/12/2025.
Sold $50,001 – $100,000 in shares of Trane Technologies (NYSE:TT) on 5/12/2025.
Sold $15,001 – $50,000 in shares of RTX (NYSE:RTX) on 5/12/2025.
Sold $50,001 – $100,000 in shares of NiSource (NYSE:NI) on 5/12/2025.
Sold $50,001 – $100,000 in shares of Johnson & Johnson (NYSE:JNJ) on 5/12/2025.
Sold $15,001 – $50,000 in shares of AppLovin (NASDAQ:APP) on 5/12/2025.
Sold $15,001 – $50,000 in shares of Fiserv (NYSE:FI) on 5/12/2025.
Sold $15,001 – $50,000 in shares of CNO Financial Group (NYSE:CNO) on 5/12/2025.
Sold $50,001 – $100,000 in shares of Cboe Global Markets (NASDAQ:CBOE) on 5/12/2025.
Sold $15,001 – $50,000 in shares of Lam Research (NASDAQ:LRCX) on 5/12/2025.

Coinbase Global Stock Down 1.6%

Shares of Coinbase Global stock opened at $397.81 on Thursday. Coinbase Global, Inc. has a 1 year low of $142.58 and a 1 year high of $444.65. The business has a 50-day moving average of $312.06 and a two-hundred day moving average of $254.32. The company has a market capitalization of $101.00 billion, a P/E ratio of 74.50, a price-to-earnings-growth ratio of 30.83 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.

Coinbase Global (NASDAQ:COIN – Get Free Report) last released its earnings results on Thursday, May 8th. The cryptocurrency exchange reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($0.24). The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.22 billion. Coinbase Global had a return on equity of 20.25% and a net margin of 21.14%. The business’s revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.53 EPS. As a group, equities analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Institutional Investors Weigh In On Coinbase Global

Several institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its position in Coinbase Global by 4.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,592 shares of the cryptocurrency exchange’s stock valued at $2,210,000 after purchasing an additional 356 shares during the last quarter. Principal Securities Inc. raised its position in Coinbase Global by 35.3% during the 4th quarter. Principal Securities Inc. now owns 1,032 shares of the cryptocurrency exchange’s stock valued at $256,000 after purchasing an additional 269 shares during the last quarter. CIBC Asset Management Inc raised its position in Coinbase Global by 14.6% during the 4th quarter. CIBC Asset Management Inc now owns 7,980 shares of the cryptocurrency exchange’s stock valued at $1,981,000 after purchasing an additional 1,018 shares during the last quarter. Truist Financial Corp raised its position in Coinbase Global by 18.8% during the 4th quarter. Truist Financial Corp now owns 6,577 shares of the cryptocurrency exchange’s stock valued at $1,633,000 after purchasing an additional 1,040 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in Coinbase Global by 39.4% during the 4th quarter. D.A. Davidson & CO. now owns 8,218 shares of the cryptocurrency exchange’s stock valued at $2,041,000 after purchasing an additional 2,324 shares during the last quarter. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Frederick Ernest Ehrsam III sold 30,167 shares of the stock in a transaction that occurred 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 completion of the transaction, the director owned 10,417 shares of the company’s stock, valued at approximately $2,632,167.56. This represents a 74.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Armstrong sold 336,265 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $362.61, for a total value of $121,933,051.65. Following the completion of the transaction, the chief executive officer directly owned 526 shares of the company’s stock, valued at $190,732.86. This represents a 99.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,208,340 shares of company stock valued at $439,997,456 in the last ninety days. 17.65% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

COIN has been the subject of several research reports. JPMorgan Chase & Co. dropped their price target on Coinbase Global from $276.00 to $215.00 and set a “neutral” rating for the company in a report on Friday, May 9th. Sanford C. Bernstein lifted their price objective on Coinbase Global from $310.00 to $510.00 and gave the company an “outperform” rating in a report on Wednesday, June 25th. Monness Crespi & Hardt raised Coinbase Global from a “neutral” rating to a “buy” rating and set a $300.00 price objective for the company in a report on Tuesday, May 13th. The Goldman Sachs Group lifted their price objective on Coinbase Global from $239.00 to $268.00 and gave the company a “neutral” rating in a report on Monday, July 7th. Finally, China Renaissance initiated coverage on Coinbase Global in a report on Tuesday, June 17th. They issued a “buy” rating and a $353.30 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Coinbase Global currently has an average rating of “Moderate Buy” and an average target price of $320.06.

View Our Latest Stock Report on Coinbase Global

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.