{
  "id": 12717729,
  "title": "Ginkgo Bioworks CFO Steven Coen sells $36,045 in stock",
  "url": "https://urgent.news/2026/10/07/ginkgo-bioworks-cfo-steven-coen-sells-36-045-in-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T21:31:00.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/ginkgo-bioworks-cfo-steven-coen-sells-36045-in-stock-93CH-4937587"
  },
  "original_language": "en",
  "account": null,
  "summary": "CFO of Ginkgo Bioworks, Steven Coen, sold 2,403 shares of the company's Class A Common Stock on October 5, 2026, for a total of $36,045, with each share sold at $15.00. The transaction adhered to a pre-approved sales plan to comply with Rule 10b5-1 under the Securities Exchange Act of 1934. Despite the stock's current price of $11.47, which is below the transaction price, it is considered undervalued according to InvestingPro's analysis. Following the sale, Coen's beneficial ownership of Ginkgo Bioworks Holdings, Inc. Class A Common Stock increased to 49,448 shares. Ginkgo Bioworks reported a revenue decline in its Q2 2026 financial results, with revenue falling to $20 million, a 48% decrease from the previous year, while maintaining an adjusted loss of $0.92 per share, better than expected. The company continues to invest in autonomous labs and reported having $389 million in total liquidity, with a cash burn guidance of $125 million to $150 million for the year. Analysts have expressed concerns about Ginkgo's growth trajectory, with some downgrading the stock and reducing price targets.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Porch group CFO Shawn Tabak sells $162k in common stock",
        "url": "https://urgent.news/2026/10/07/porch-group-cfo-shawn-tabak-sells-162k-in-common-stock",
        "published": "2026-10-07T22:37:04.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}