Posted 12/2/2023, 10:04:49 AM
Coinbase Legal Chief Sells Shares, Raising Investor Concerns About Valuation
- Coinbase Global's Chief Legal Officer Paul Grewal sold 10,000 company shares on November 29, 2023, sparking investor attention
- Grewal oversees legal affairs, policy, compliance for Coinbase; has history in law and tech industry
- Coinbase operates a major cryptocurrency exchange platform for buying, selling digital currencies
- Insider sell transactions outnumber buys 11 to 58 over past year, indicating potential lack of confidence
- Coinbase shares trade significantly above estimated intrinsic value, sparking valuation concerns given insider sells