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'.
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 Snapshot
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.
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.
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.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.