Ehrsam Frederick Sells Shares of Coinbase Global, Inc.
Ehrsam Frederick sold 1,150 shares of Coinbase on June 16, 2026.
Key Points
- Ehrsam Frederick sold 1,150 shares of Coinbase Global, Inc. on June 16, 2026, with the stock trading at $164.92.
- Coinbase has a market cap of approximately $43.4 billion and a P/E ratio of 60.41, with shares trading between $139.36 and $444.65 over the past year.
- Analysts have set a mean price target of $229.74 for Coinbase, with recent ratings from firms like Benchmark reiterating a 'buy'.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
On June 16, 2026, Ehrsam Frederick, a notable insider, sold 1,150 shares of Coinbase Global, Inc. (NasdaqGS: COIN). This transaction didn't involve any planned sales under a Rule 10b5-1 plan, and the shares were traded at no specified price. Following this sale, the stock was trading at $164.92.
Insider Buying and Selling at Coinbase Global, Inc.
Several insider transactions took place at Coinbase on June 16, 2026. Gokul Rajaram acquired 1,234 shares, while Christa Davies sold 88 shares at an average price of $169.62. Kelly Kramer purchased 2,657 shares, and Marc Andreessen bought 2,303 shares. Paul Clement also sold 1,915 shares.
Other Institutional Activity in Coinbase Global, Inc.
BlackRock, Inc. reduced its holdings by 333,071 shares, leaving it with 16,745,406 shares valued at approximately $2.92 billion. Vanguard Capital Management LLC added 14,130,021 shares, ending with the same number of shares worth about $2.47 billion. Vanguard Portfolio Management LLC also increased its position by 9,488,390 shares, bringing its total to the same number of shares valued at $1.66 billion. State Street Corp trimmed its stake by 121,629 shares, now holding 9,360,220 shares worth $1.63 billion. Geode Capital Management, LLC slightly increased its holdings by 31,958 shares, totaling 6,130,020 shares valued at $1.07 billion.
Coinbase Global, Inc. Stock Down 8.6%
Shares of Coinbase Global, Inc. (NasdaqGS: COIN) traded around $164.92. The company boasts a market cap of approximately $43.4 billion and a P/E ratio of 60.41. The stock's 52-week range is between $139.36 and $444.65, with a 50-day moving average of $185.44 and a 200-day moving average of $238.82. Coinbase's beta is 3.32, indicating higher volatility compared to the market.
$COIN stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Coinbase reported revenue of about $6.29 billion, although it saw a revenue decline of approximately 30.8%. The company's net margin stood at 12.74%, with a return on equity of 6.69%. The next earnings report is expected on July 30, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
7 target cuts vs 2 raises.
-
EPS & revenue
EPS missed estimates by 559.7%. Revenue missed estimates by 9.0%.
-
Profit surprise
EBITDA missed sharply. Operating income missed sharply.
-
Pre-earnings setup
Expectations were about average.
-
Analyst signal
2 target raises, 7 target cuts.
-
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.
Analysts Set New Price Targets
On June 17, 2026, Benchmark reiterated a 'buy' rating for Coinbase with a price target of $270. Other firms like Baird and B. Riley Securities have maintained 'hold' ratings with targets of $142 and $203, respectively. The consensus target mean price is $229.74, with 30 analyst opinions suggesting a 'buy' recommendation.
About Coinbase Global, Inc.
Coinbase Global, Inc., headquartered in New York, operates a platform for crypto assets in the U.S. and internationally. Founded in 2012, the company provides a primary financial account for consumers in the crypto economy, a brokerage platform for institutions, and various products for developers. Led by CEO Brian Armstrong, Coinbase employs approximately 4,951 people.
Bottom Line
Ehrsam Frederick's sale of Coinbase shares is one of several insider transactions that occurred recently, reflecting ongoing activity among key stakeholders. With a significant market presence and a volatile stock performance, Coinbase remains a focal point for investors and analysts alike. Keep in mind that insider trades, like this one, are reported after they occur and may not reflect current positions.
Get Coinbase Global, Inc. alerts
New 13F filings, insider trades, and analyst moves on $COIN, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.