Kelly Kramer Buys Shares of Coinbase Global, Inc.
Kelly Kramer purchased 2,657 shares of Coinbase Global, Inc. on June 16, 2026.
Key Points
- Kelly Kramer acquired 2,657 shares of Coinbase Global, Inc. (COIN) on June 16, 2026, with shares trading at $164.92.
- Coinbase has a market cap of $43.45 billion, a P/E ratio of 60.41, and its stock ranges between $139.36 and $444.65 over 52 weeks.
- Benchmark reiterated a buy rating with a $270 target, while analysts' consensus suggests a target mean price of $229.74.
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On June 16, 2026, Kelly Kramer bought 2,657 shares of Coinbase Global, Inc. (NasdaqGS: COIN). The shares were acquired at a price of $0.0, according to a recent filing, though the market price was around $164.92 at the time.
Other Institutional Activity in Coinbase
BlackRock, Inc. trimmed its holdings in Coinbase by 333,071 shares, bringing its total to 16,745,406 shares worth about $2.92 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both significantly increased their positions, adding 14,130,021 shares and 9,488,390 shares, respectively, with the former now holding shares valued at $2.47 billion. State Street Corp reduced its stake by 121,629 shares, holding 9,360,220 shares worth approximately $1.63 billion. Geode Capital Management, LLC added 31,958 shares, ending with 6,130,020 shares valued at around $1.07 billion.
Coinbase Global, Inc. Stock Down 8.6%
Shares of NasdaqGS:COIN are trading near $164.92. Coinbase Global, Inc. boasts a market cap of $43.45 billion and a P/E ratio of 60.41. The stock has a 52-week low of $139.36 and a high of $444.65. Its 50-day moving average is $185.44, while the 200-day moving average stands at $238.82. The company maintains a current ratio of 2.14 and a quick ratio of 1.18, with a debt-to-equity ratio of 59.08.
$COIN stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Coinbase reported revenue of $6.29 billion, though it saw a revenue decline of 30.8%. The company achieved a net margin of 12.74% and 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.
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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 were active at Coinbase. Rajaram Gokul bought 1,234 shares, while Frederick Ernest III sold 1,150 shares. Christa Davies sold 88 shares at an average price of $169.62. Kelly Kramer acquired 2,657 shares, and Marc Andreessen purchased 2,303 shares. Paul Clement sold 1,915 shares.
Analysts Set New Price Targets
On June 17, 2026, Benchmark reiterated its buy rating for Coinbase with a price target of $270. Earlier in June, Baird maintained a hold rating with a $142 target. The consensus among analysts is a buy, with a mean target price of $229.74 based on 30 opinions.
About Coinbase Global, Inc.
Coinbase Global, Inc. operates a platform for buying, selling, and managing crypto assets both in the U.S. and internationally. Founded in 2012, the company offers consumers a primary financial account in the crypto economy and provides institutions with a brokerage platform featuring a pool of liquidity across the crypto marketplace. Headquartered in New York, NY, Coinbase is led by CEO Brian Armstrong and employs around 4,951 people.
Bottom Line
Kelly Kramer's recent share purchase is part of a broader pattern of insider transactions at Coinbase Global, Inc. Investors often watch such moves for potential insights, though it's important to remember that these transactions are disclosed after they occur. Coinbase remains a key player in the crypto sector, with its stock being closely followed by institutional investors and analysts alike.
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