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CEO Eric Sprink sold shares worth $949,000 as Coastal Financial's stock rose despite below-expected earnings and revenue.
On January 2, 2026, Coastal Financial CEO Eric Sprink sold 8,349 shares at an average price of $113.73, reducing his stake by 3.96% to 202,662 shares, valued at about $23.05 million.
The sale was reported in an SEC filing.
The company’s stock rose to $115.11 on January 6, with above-average trading volume.
Coastal Financial reported fourth-quarter earnings of $0.88 per share, slightly below the $0.89 estimate, and revenue of $52.89 million, well below the $133.44 million analysts expected.
The company has a market cap of $1.74 billion, a price-to-earnings ratio of 36.43, and a debt-to-equity ratio of 0.10.
Analysts maintain a consensus “Buy” rating with a target price of $125.17.
El CEO Eric Sprink vendió acciones por valor de $949,000 mientras las acciones de Coastal Financial subieron a pesar de ganancias e ingresos por debajo de lo esperado.