Rep. Gilbert Ray Cisneros Jr. (D-CA) Sells COIN Stock
Financial Disclosure Report
Clerk of the House of Representatives • Legislative Resource Center • B81 Cannon Building • Washington, DC 20515
Filer Information
- Name:
- Rep. Gilbert Ray Cisneros Jr. (D)
- Status:
- Member — House
- Party:
- Democrat
Filing Information
- Filing Type:
- Periodic Transaction Report
- Filing Year:
- 2026
- Filing Date:
- Jul 2, 2026
Schedule B: Transactions
| Asset | Transaction | Date | Amount |
|---|---|---|---|
| Coinbase Global, Inc. ($COIN) | Sell | Jun 16, 2026 | $1,001 - $15,000 |
Summary of the filed report, not the original document.
Key Points
- Democratic Representative Gilbert Ray Cisneros Jr. sold shares of Coinbase Global, Inc. in a trade valued between $1,001 and $15,000, according to a House periodic transaction report filed on July 2, 2026.
- Coinbase shares closed at $169.27 on the day of the June 16 trade and recently traded around $175.64.
- Major institutional investors and insiders also adjusted positions, while analysts maintain a consensus buy rating with a mean target price of $212.15.
Since the trade, $COIN is down 6.5% after 1 week, down 5.2% after 1 month and up 2.3% to date (from the $169.27 close on Jun 16, 2026).
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Democratic Representative Gilbert Ray Cisneros Jr. sold shares of Coinbase Global, Inc. [COIN], according to a periodic transaction report filed with the House on July 2, 2026. The Democratic lawmaker from California disclosed that the transaction took place on June 16, 2026, falling within a reported value range of $1,001 to $15,000.
COIN
Coinbase Global, Inc.
Gilbert Ray Cisneros Jr. vs. the S&P 500
Hypothetical returns from Gilbert Ray Cisneros Jr.'s disclosed trades, not real profit or advice. How we model this.
Inside Rep. Gilbert Ray Cisneros Jr.'s Coinbase Trade
The stock trade executed by Representative Cisneros involves a value bracket typical of congressional disclosures under the STOCK Act rather than an exact dollar amount or share count. On the date of the trade, Coinbase closed at $169.27.
Other Institutional Activity in Coinbase Global, Inc.
Other major holders adjusted their positions around the same reporting period. Paradigm Operations LP reduced its holdings by 404,174 shares, ending with 3,185,297 shares valued at about $551,566,040. Meanwhile, ARK Investment Management, LLC grew its holdings by 138,344 shares, ending with 2,511,319 shares worth about $434,860,007.
Coinbase Global, Inc. Stock Up 1.6%
The company recently traded around $175.64, sitting above its June 16 closing price of $169.27.
Recent Earnings
Coinbase reported trailing twelve-month revenue of $6.04 billion alongside basic earnings per share of -$3.84. The company's next corporate earnings report is slated for October 29, 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.
Insider Buying and Selling at Coinbase Global, Inc.
Company insiders also transacted in shares during late summer. Officer Jennifer N Jones sold 2,062 shares on August 24 at $188.75 apiece for a total value of $389,202. Director Frederick R Wilson disposed of 10,000 shares on September 1 without a listed transaction price, totaling $1,789,295. Director Marc L Andreessen executed two separate sales, unloading 13,676 shares at $181.14 on September 8 for $2,477,260 and another 6,838 shares at $205.05 on September 21 for $1,402,132.
Analysts Set New Price Targets
Wall Street firms updated their views on the crypto platform recently. Baird maintained a Neutral stance with a $205 target on September 28. Piper Sandler kept a Neutral rating while lifting its target to $170 on October 2. Wells Fargo initiated coverage with an Equal-Weight rating and a $200 target on the same day. Barclays maintained its Underweight rating with a $149 target on October 7, while BTIG reiterated a Buy rating and a $240 target. The broader analyst community holds a consensus buy rating with a mean target price of $212.15.
About Coinbase Global, Inc.
Coinbase operates a prominent platform for digital assets, serving consumers, institutional traders, and developers within the cryptocurrency economy. The firm provides exchange infrastructure and financial accounts tailored to the digital asset market.
Bottom Line
Congressional stock disclosures provide a window into personal portfolio adjustments by lawmakers, though they reflect neither a formal investment recommendation nor an indicator of future company performance. Observers will look to the upcoming earnings release on October 29, 2026, for further financial updates.
Related Filing Alerts
Source: Gilbert Ray Cisneros Jr.'s STOCK Act disclosure on $COIN (Jun 16, 2026). Written by software, not financial advice. How we make alerts