Marc Andreessen Sells Shares of Coinbase Global, Inc.
On June 16, Marc Andreessen sold 1,150 shares of Coinbase Global, Inc.
Key Points
- Marc Andreessen sold 1,150 shares of Coinbase Global, Inc. on June 16, 2026.
- Shares of Coinbase Global, Inc. (NasdaqGS:COIN) are trading at $164.92 with a market cap of about $43.4 billion.
- Benchmark reiterated a buy rating on Coinbase with a $270 price target on June 17, 2026.
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Marc Andreessen sold 1,150 shares of Coinbase Global, Inc. (NasdaqGS:COIN) on June 16, 2026. The transaction wasn't part of a pre-planned trading program. Currently, Coinbase shares are trading around $164.92.
Other Institutional Activity in Coinbase Global, Inc.
Several institutional investors have also adjusted their positions in Coinbase Global, Inc. BlackRock, Inc. reduced its holdings by 333,071 shares, leaving it with about 16.7 million shares valued at approximately $2.92 billion. Vanguard Capital Management LLC added 14.1 million shares, bringing its total to the same number, valued at $2.47 billion. Vanguard Portfolio Management LLC acquired a similar amount, ending with 9.5 million shares worth about $1.66 billion. Meanwhile, State Street Corp decreased its stake by 121,629 shares to hold 9.36 million shares, valued at $1.63 billion. Geode Capital Management, LLC slightly increased its position by 31,958 shares, ending with 6.13 million shares valued at $1.07 billion.
Coinbase Global, Inc. Stock Down 7.7%
Coinbase Global, Inc. (NasdaqGS:COIN) is trading near $164.92. The company has a market cap of approximately $43.4 billion and a P/E ratio of 60.4. Its forward P/E is 33.3, and the stock has a high beta of 3.32, indicating significant volatility. The 52-week range is between $139.36 and $444.65. The 50-day moving average is $185.44, and the 200-day moving average is $238.82. The company's current ratio stands at 2.14, with a quick ratio of 1.18 and a debt-to-equity ratio of 59.08.
$COIN stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
In its latest earnings report, Coinbase Global, Inc. recorded revenue of approximately $6.29 billion, with a revenue decline of 30.8%. The company's net margin was 12.7%, and it reported an EPS of $2.73. Return on equity stood at 6.7%. The next earnings report is expected on July 30, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
7 target cuts vs 2 raises.
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EPS & revenue
EPS missed estimates by 559.7%. Revenue missed estimates by 9.0%.
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Profit surprise
EBITDA missed sharply. Operating income missed sharply.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
2 target raises, 7 target cuts.
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Earnings quality
Gross margin down 5.6 points. Operating margin down 33.7 points. Negative free cash flow.
Earnings Call Summary
Coinbase reported $1.4 billion in Q1 revenue, down 21 percent from Q4 due to a crypto market decline of over 20 percent. Despite tough conditions, the company reached an all-time high in crypto trading market share and posted its 12th straight quarter of native asset inflows. The Everything Exchange strategy is working, with derivatives generating $200 million annualized revenue and prediction markets hitting $100 million annualized revenue in just two months. Management emphasized strong fundamentals in stablecoins, with $19 billion in average USDC held and 10x growth in stablecoin transactions on the Base blockchain.
Guidance Coinbase expects subscription and services revenue between $565 million and $645 million in the next quarter, up from current levels. Operating expenses for Q2 are expected between $820 million and $870 million, down 4 to 9 percent from Q1. Full year adjusted expenses should come in between $4.3 billion and $4.6 billion, roughly $500 million lower than exit rates from late 2025.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Insider Buying and Selling at Coinbase Global, Inc.
On June 16, 2026, several insiders at Coinbase Global, Inc. made stock transactions. Besides Marc Andreessen's sale, Rajaram Gokul bought 1,234 shares, while Ehrsam Frederick Ernest III sold 1,150 shares. Christa Davies sold 88 shares at an average price of $169.62. Kelly Kramer purchased 2,657 shares, and Paul Clement sold 1,915 shares.
Analysts Set New Price Targets
On June 17, 2026, Benchmark reiterated a buy rating for Coinbase Global, Inc., setting a price target of $270. Other firms like Baird, B. Riley Securities, and Mizuho have maintained hold ratings with targets ranging from $142 to $203. The consensus recommendation for the stock is a buy, with a mean target price of $229.74 based on 30 analyst opinions.
About Coinbase Global, Inc.
Coinbase Global, Inc. operates a platform for buying, selling, and managing crypto assets. Based in New York, it serves both consumers and institutions worldwide. The company offers a brokerage platform, a primary financial account for crypto users, and a suite of products for developers. Founded in 2012, Coinbase is led by CEO Brian Armstrong and employs around 4,951 people.
Bottom Line
Marc Andreessen's recent sale of Coinbase shares is part of a broader trend of insider activity. Investors keep a close eye on such trades for insights into insider sentiment. However, it's important to remember that these transactions are backward-looking snapshots and may not reflect the current positions or future outlook of the insiders involved.
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