Coastal Financial Corporation's CEO Sells Shares

Core Insights - Coastal Financial Corporation (CCB) is a financial institution operating in a competitive market, recently highlighted by a significant stock transaction involving CEO Eric M. Sprink [1] Transaction Details - On January 16, 2026, Eric M. Sprink sold 3,000 shares of CCB at an average price of $117.60, totaling $352,800 [2] - Following the sale, Sprink retains 182,884 shares valued at approximately $21.5 million, representing a 1.61% decrease in his holdings [3] Stock Performance - The insider selling coincided with a 1.7% decrease in Coastal Financial's stock price, which opened at $116.94 and is currently at $113.04, reflecting a decrease of 0.57% or $0.65 [4] - The stock has traded between $112.13 and $114.86 today, with a market capitalization of approximately $1.71 billion [4] Historical Stock Data - Over the past year, Coastal Financial's stock has fluctuated with a high of $120.05 and a low of $76.11 [5] - The company has a price-to-earnings ratio of 37.01 and a beta of 0.89, indicating moderate volatility compared to the market [5]