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

Representative Jefferson Shreve (R-Indiana) recently sold shares of Coinbase Global, Inc. (NASDAQ:COIN). In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in Coinbase Global stock on March 31st. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

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

• Purchased $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Block (NYSE:XYZ) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of DuPont de Nemours (NYSE:DD) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of United Community Banks (NASDAQ:UCB) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of IDEX (NYSE:IEX) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of HNI (NYSE:HNI) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of ServiceNow (NYSE:NOW) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Constellation Energy (NASDAQ:CEG) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of Simon Property Group (NYSE:SPG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 3/31/2025.

Coinbase Global Stock Performance

NASDAQ COIN traded down $3.10 on Tuesday, reaching $173.49. The stock had a trading volume of 1,833,246 shares, compared to its average volume of 9,734,024. The firm has a fifty day moving average of $208.05 and a two-hundred day moving average of $242.29. The company has a market cap of $44.04 billion, a P/E ratio of 18.24 and a beta of 3.65. Coinbase Global, Inc. has a 1-year low of $142.58 and a 1-year high of $349.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $2.93. Coinbase Global had a net margin of 39.34% and a return on equity of 20.64%. On average, equities research analysts anticipate that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Insider Buying and Selling at Coinbase Global

In related news, CFO Alesia J. Haas sold 7,575 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $200.00, for a total value of $1,515,000.00. Following the transaction, the chief financial officer now owns 114,866 shares of the company’s stock, valued at $22,973,200. This represents a 6.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Armstrong sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $270.99, for a total value of $6,774,750.00. Following the transaction, the chief executive officer now directly owns 526 shares in the company, valued at approximately $142,540.74. This represents a 97.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 182,767 shares of company stock worth $48,326,134 in the last quarter. 23.43% of the stock is currently owned by company insiders.

Institutional Trading of Coinbase Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. acquired a new stake in shares of Coinbase Global during the 4th quarter worth approximately $25,000. Copia Wealth Management purchased a new stake in shares of Coinbase Global in the fourth quarter worth approximately $26,000. Wingate Wealth Advisors Inc. purchased a new position in Coinbase Global during the 4th quarter worth $27,000. Atala Financial Inc bought a new position in shares of Coinbase Global during the fourth quarter valued at about $27,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Coinbase Global by 365.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange’s stock worth $34,000 after buying an additional 106 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on COIN. Monness Crespi & Hardt set a $420.00 price objective on Coinbase Global in a report on Tuesday, February 18th. Barclays reduced their price objective on shares of Coinbase Global from $328.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Monday, April 7th. JMP Securities decreased their price objective on shares of Coinbase Global from $475.00 to $400.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $330.00 target price on shares of Coinbase Global in a report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods upped their price objective on Coinbase Global from $255.00 to $305.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 18th. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Coinbase Global currently has an average rating of “Moderate Buy” and a consensus target price of $298.74.

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

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.