Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Coinbase Global, Inc. (NASDAQ:COIN)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Coinbase Global, Inc. (NASDAQ:COIN). In a filing disclosed on March 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in Coinbase Global stock on February 12th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Thermon Group (NYSE:THR) on 3/2/2026.
• Purchased $1,001 – $15,000 in shares of Federal Signal (NYSE:FSS) on 3/2/2026.
• Purchased $1,001 – $15,000 in shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 2/24/2026.
• Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 2/24/2026.
• Purchased $1,001 – $15,000 in shares of Micron Technology (NASDAQ:MU) on 2/24/2026.
• Sold $1,001 – $15,000 in shares of Oracle (NYSE:ORCL) on 2/24/2026.
• Purchased $1,001 – $15,000 in shares of Champion Homes (NYSE:SKY) on 2/23/2026.
• Sold $1,001 – $15,000 in shares of Tri Pointe Homes (NYSE:TPH) on 2/23/2026.
• Sold $1,001 – $15,000 in shares of Xiaomi (OTCMKTS:XIACF) on 2/20/2026.

Coinbase Global Trading Down 2.6%

COIN stock traded down $5.13 during trading on Thursday, hitting $193.50. The company had a trading volume of 2,850,247 shares, compared to its average volume of 12,479,142. The stock has a market cap of $51.10 billion, a PE ratio of 44.13, a PEG ratio of 3.46 and a beta of 3.70. The business has a 50-day moving average of $200.02 and a 200-day moving average of $266.71. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40. Coinbase Global, Inc. has a one year low of $139.36 and a one year high of $444.64.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.17). The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.86 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The firm’s revenue for the quarter was down 21.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.68 EPS. Research analysts predict that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Product adoption — Coinbase launched “Agentic Wallets” for AI agents and the company cited heavy transaction activity (50M+ transactions), signaling new product-led revenue channels and developer engagement. AI Agents Set to Dominate Crypto Payments
• Positive Sentiment: Institutional flows — a large ETH transfer (~$19.5M) to Coinbase Prime from Bitmine highlights continued institutional custody and trading usage on Coinbase Prime. That supports trading and custody revenue potential. Bitmine Transfers ETH to Coinbase Prime
• Neutral Sentiment: CEO commentary — Brian Armstrong reiterated bullish views on Bitcoin’s long‑term scarcity and utility, useful for PR and investor confidence but with limited near‑term financial impact. Brian Armstrong Says Mining Next 1 Million Bitcoin…
• Neutral Sentiment: Short‑interest reports appear inconsistent (values reported as 0/NaN), suggesting the published increase may be a data glitch rather than a true change in market sentiment—monitor for corrected data from exchanges/brokers.
• Negative Sentiment: Regulatory/reputational risk — allegations that Coinbase is lobbying against a Bitcoin de minimis tax exemption to favor stablecoin‑friendly rules have surfaced on crypto social channels; if amplified, this could attract regulatory scrutiny and harm trust among Bitcoin‑centric users. Is Coinbase Sabotaging Bitcoin De Minimis Tax Exemption…
• Negative Sentiment: Analyst/valuation pressure — recent coverage highlights COIN lagging industry returns YTD, a “rich” valuation and declining earnings estimates; those points increase downside risk if crypto trading volumes soften. COIN Lags Industry YTD, Trades at Premium
• Negative Sentiment: Market perception — high‑profile commentators (e.g., Jim Cramer) suggesting investors “just buy Bitcoin” instead of Coinbase can shift investor preference away from exchange equities toward direct crypto exposure. Jim Cramer on Coinbase Global

Insider Activity at Coinbase Global

In related news, CEO Brian Armstrong sold 40,000 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $248.96, for a total transaction of $9,958,400.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Alesia J. Haas sold 10,020 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the completion of the transaction, the chief financial officer owned 397,171 shares of the company’s stock, valued at $79,434,200. This trade represents a 2.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 476,920 shares of company stock worth $84,194,452. Company insiders own 16.56% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on COIN. JPMorgan Chase & Co. lowered their target price on shares of Coinbase Global from $399.00 to $290.00 and set an “overweight” rating for the company in a research note on Tuesday, February 10th. Piper Sandler cut their price target on shares of Coinbase Global from $270.00 to $150.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. The Goldman Sachs Group increased their price target on Coinbase Global from $264.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, March 6th. President Capital dropped their price objective on Coinbase Global from $472.00 to $236.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Finally, Rosenblatt Securities cut their target price on Coinbase Global from $325.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Nineteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $270.51.

Institutional Trading of Coinbase Global

Several institutional investors and hedge funds have recently modified their holdings of COIN. REAP Financial Group LLC purchased a new stake in shares of Coinbase Global in the third quarter valued at about $25,000. MV Capital Management Inc. bought a new stake in Coinbase Global during the fourth quarter worth $27,000. Evelyn Partners Investment Management Europe Ltd boosted its position in Coinbase Global by 92.3% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock worth $29,000 after purchasing an additional 36 shares during the last quarter. Palisade Asset Management LLC purchased a new position in Coinbase Global in the third quarter valued at approximately $29,000. Finally, Salomon & Ludwin LLC grew its stake in shares of Coinbase Global by 4,400.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock worth $30,000 after acquiring an additional 88 shares during the period. 68.84% of the stock is owned by hedge funds and other institutional investors.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.