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Director Ehrsam Frederick Ernest III, via The Frederick Ernest Ehrsam III Living Trust, reported selling 2,750 shares of Coinbase Global Inc. NASDAQ:COIN Class A Common Stock on November 20, 2025. The sales amounted to approximately $715,913, with prices ranging from $260.279 to $260.7964. The transaction occurred as COIN trades at $255.90, representing a 22.36 P/E ratio and a notably low PEG ratio of 0.19, suggesting potential undervaluation relative to growth prospects according to InvestingPro analysis.
On the same day, Ehrsam also converted 2,750 shares of Class B Common Stock into Class A Common Stock. This transaction comes amid significant price volatility for Coinbase, which has seen an 8.92% decline over the past week despite maintaining strong fundamentals with a current market capitalization of $69.31 billion. InvestingPro identifies 11 additional investment insights for COIN, including profitability metrics and detailed financial health scores, available through the comprehensive Pro Research Report.
In other recent news, Coinbase has announced plans to launch a new platform for pre-listing token sales, allowing individual investors to purchase digital tokens before they are listed on the exchange. This platform will host approximately one token sale monthly, with an algorithm determining token allocation to investors. Additionally, Coinbase has entered into an agreement to acquire Vector, an onchain trading platform built on Solana, to expand its support for the Solana trading ecosystem. This acquisition will integrate Vector’s technology into Coinbase’s consumer trading experience.
In terms of analyst activity, Erste Group recently downgraded Coinbase’s stock rating from Buy to Hold, citing concerns about the impact of Bitcoin ETFs on the company’s revenue streams. Conversely, Monness Crespi Hardt upgraded Coinbase’s stock rating to Buy, highlighting the potential for stablecoin commercialization and its benefits in cross-border B2B payments. Meanwhile, the broader cryptocurrency market experienced a decline as Bitcoin fell below the $100,000 mark, affecting major crypto companies, including Coinbase. These developments reflect the dynamic environment in which Coinbase operates.
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