Coinbase Global (NASDAQ:COIN) Director Sells $347,627.50 in Stock

December 23, 2025 by InsiderTrades.com

Key Points

Director sale: Frederick Ernest Ehrsam III sold 1,375 Coinbase shares on Dec. 18 at $252.82 for $347,627.50, part of a recent string of large insider disposals (including 277,074 shares on Nov. 6 for ~$85.9M).
Strategic expansion: Coinbase is broadening beyond core exchange services — it agreed to buy The Clearing Company to push prediction markets, struck a Klarna deal to use USDC for institutional funding, and plans to allow businesses to create stablecoins.
Market view: COIN opened at $247.90 (up 1.1%), has a market cap of about $66.8B and a P/E of 21.4, and carries a consensus analyst rating of "Moderate Buy" with a $383.54 price target.

Coinbase Global, Inc. (NASDAQ:COIN) Director Frederick Ernest Ehrsam III sold 1,375 shares of the company's stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $252.82, for a total transaction of $347,627.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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Frederick Ernest Ehrsam III also recently made the following trade(s):

On Tuesday, December 9th, Frederick Ernest Ehrsam III sold 2,750 shares of Coinbase Global stock. The stock was sold at an average price of $280.27, for a total value of $770,742.50.
On Thursday, December 4th, Frederick Ernest Ehrsam III sold 4,125 shares of Coinbase Global stock. The stock was sold at an average price of $274.06, for a total value of $1,130,497.50.
On Thursday, November 20th, Frederick Ernest Ehrsam III sold 2,750 shares of Coinbase Global stock. The shares were sold at an average price of $260.33, for a total value of $715,907.50.
On Monday, November 10th, Frederick Ernest Ehrsam III sold 55,688 shares of Coinbase Global stock. The stock was sold at an average price of $321.81, for a total value of $17,920,955.28.
On Friday, November 7th, Frederick Ernest Ehrsam III sold 19,927 shares of Coinbase Global stock. The stock was sold at an average price of $288.77, for a total transaction of $5,754,319.79.
On Thursday, November 6th, Frederick Ernest Ehrsam III sold 277,074 shares of Coinbase Global stock. The shares were sold at an average price of $309.92, for a total transaction of $85,870,774.08.

Coinbase Global Stock Up 1.1%

Shares of COIN stock opened at $247.90 on Tuesday. Coinbase Global, Inc. has a 12-month low of $142.58 and a 12-month high of $444.64. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average of $291.57 and a 200-day moving average of $318.91. The company has a market capitalization of $66.84 billion, a price-to-earnings ratio of 21.44 and a beta of 3.69.

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Coinbase Global (NASDAQ:COIN - Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The cryptocurrency exchange reported $1.44 EPS for the quarter, beating the consensus estimate of $1.04 by $0.40. The business had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.77 billion. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The firm's revenue was up 55.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 EPS. As a group, equities research analysts predict that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of COIN. REAP Financial Group LLC acquired a new stake in Coinbase Global in the 3rd quarter valued at about $25,000. Evelyn Partners Investment Management Europe Ltd raised its stake 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 valued at $29,000 after buying an additional 36 shares during the period. Palisade Asset Management LLC acquired a new stake in shares of Coinbase Global in the third quarter valued at approximately $29,000. Cullen Frost Bankers Inc. acquired a new position in shares of Coinbase Global during the 2nd quarter worth approximately $30,000. Finally, Salomon & Ludwin LLC increased its holdings 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 last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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Several research firms have commented on COIN. Wall Street Zen cut Coinbase Global from a "hold" rating to a "sell" rating in a research note on Saturday, November 22nd. UBS Group set a $340.00 price objective on shares of Coinbase Global in a research report on Wednesday, December 17th. Barclays decreased their target price on shares of Coinbase Global from $357.00 to $291.00 and set an "equal weight" rating for the company in a research report on Friday, December 12th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Coinbase Global in a research report on Wednesday, December 17th. They set a "buy" rating and a $340.00 price target on the stock. Finally, Benchmark restated a "buy" rating on shares of Coinbase Global in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $383.54.

Get Our Latest Research Report on COIN

More Coinbase Global News

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

Positive Sentiment: Acquisition: Coinbase agreed to buy prediction‑markets startup The Clearing Company as it pushes its “Everything Exchange” strategy — this accelerates a new product line (prediction markets) that could generate fees and user engagement beyond core crypto trading. Coinbase doubles down on prediction markets (Reuters)
Positive Sentiment: Klarna partnership: Coinbase struck a deal to let Klarna and other institutions use USDC for short‑term funding, widening institutional use cases for Coinbase’s custody and settlement services and potentially boosting USDC volumes on the platform. Klarna partners with Coinbase (Blockonomi)
Positive Sentiment: Product expansion: Coinbase plans to allow businesses to create stablecoins and is enabling third‑party on‑ramps (e.g., Bitget/Alchemy Pay zero‑fee USDC on‑ramp backed by Coinbase) — moves that broaden addressable market and encourage transaction flow through Coinbase rails. Coinbase to allow businesses to create stablecoins (Crowdfund Insider) Bitget/Alchemy Pay zero‑fee on‑ramp (GlobeNewswire)
Neutral Sentiment: Market narrative: Analysts and press frame these moves as part of Coinbase’s push to be an “Everything Exchange” and to capture growing stablecoin demand — a longer‑term positive if adoption follows, but benefits hinge on monetization and regulatory outcomes. M&A/strategy coverage (TipRanks)
Neutral Sentiment: Macro/regulatory context: Industry lobbying (Blockchain Association) pushed back on proposals to widen stablecoin yield restrictions — a policy outcome that could materially affect stablecoin use economics if it changes, but status remains uncertain. Stablecoin policy pushback (Bitcoinist)
Negative Sentiment: Legal risk: Coinbase sued Michigan, arguing state sports‑betting laws don’t apply to prediction markets — this underscores near‑term regulatory/legal friction that could cause fines, restrictions or product rollbacks in certain states. Coinbase sues over Michigan rules (MLive)
Negative Sentiment: Insider sale: Director Frederick Ehrsam sold 1,375 shares at ~$252.82 on Dec. 18 (SEC Form 4 filed) — a modest-sized sale relative to Coinbase’s market cap but sometimes perceived negatively by investors watching insider activity. Director Form 4 (SEC)

About Coinbase Global

(Get Free Report)

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.