Coinbase Director Andreessen Sells $3.9 Million in Shares Amid Stock Decline
Marc L. Andreessen, a director at Coinbase Global, has sold approximately $3.9 million worth of the company’s Class A Common Stock over two days in early October 2026. On October 1, he disposed of 13,676 shares at $186.18 per share, followed by an additional 6,838 shares on October 2 at $198.0 per share. These transactions were executed under a Rule 10b5-1 trading plan, which Andreessen adopted in June 2026.
The sales come amid a significant decline in Coinbase’s stock, which has dropped roughly 50% over the past year. The stock is currently trading at $188.22, with InvestingPro analysis suggesting it may be overvalued at current levels. The stock’s high volatility is highlighted by its beta of 3.39.
Despite the sales, Andreessen still holds a substantial stake in Coinbase. He indirectly owns 1,108,972 shares through the LAMA Community Trust, where he and his spouse serve as trustees, and 2,568 shares through AD Holdings, LLC, though he disclaims beneficial ownership of the latter.
Recent developments around Coinbase include mixed analyst ratings and price targets. BofA Securities raised its price target to $203 from $174, maintaining a Buy rating due to higher earnings per share estimates for 2027 and 2028. Baird, however, reiterated a Neutral rating with a $130 target, citing regulatory changes like the SEC’s Innovation Exemption. Mizuho also maintained a Neutral rating with a $155 target, noting reduced trading fees for active traders on Coinbase Advanced.