From Nasdaq Corporation
May 08, 2025 4:36:00 pm:

Coinbase ($COIN) reported earnings of $1.94 per share, missing estimates by $0.22, with revenue of $2.03 billion, missing estimates by $143 million. Insider trading shows 346 open market trades in the past 6 months, with no purchases and 346 sales. CEO Brian Armstrong alone sold 1.65 million shares.

Hedge fund activity around Coinbase saw 584 institutions adding shares, while 395 decreased their positions. Notable moves include Jane Street Group adding 3.47 million shares and Toronto Dominion Bank adding 1.41 million shares. The largest decrease came from Sozo Ventures GP II, removing 1.08 million shares.

Government contracts to Coinbase totaled $6.98 million over the last year. Congressional trading of Coinbase stock saw 1 sale in the past 6 months. Analyst ratings revealed 4 buy ratings, with no sell ratings, and a median price target of $400. Analysts like JMP Securities and Benchmark issued positive ratings recently.

Read more at Nasdaq MarketSite: COINBASE Earnings Results: $COIN Reports Quarterly Earnings