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Coinbase CAO Sells $389K Worth of Stock Amid Insider Selling

Guavy AI Editorial Team
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Coinbase Global CAO Jennifer Jones sold $389,202.50 worth of stock on August 24th under a pre-arranged trading plan. The sale involved selling 2,062 shares at an average price of $188.75 per share.

The news comes as the company's stock continues to trade down, with prices reaching $181.78 on Wednesday. Despite this decline, Goldman Sachs reiterated its Buy rating and raised its price target to $196 for Coinbase Global.

The sale by Jones is one of several insider selling events in recent months, which could add to short-term investor caution.

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