Bitcoin Depot Inc. (NASDAQ:BTM) COO Sells $87,500.00 in Stock

Bitcoin Depot Inc. (NASDAQ:BTM) COO Christopher Scott Buchanan sold 50,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $1.75, for a total value of $87,500.00. Following the sale, the chief operating officer now owns 351,276 shares in the company, valued at approximately $614,733. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Christopher Scott Buchanan also recently made the following trade(s):

• On Wednesday, March 20th, Christopher Scott Buchanan sold 14,512 shares of Bitcoin Depot stock. The shares were sold at an average price of $2.48, for a total value of $35,989.76.

Bitcoin Depot Stock Performance

BTM stock opened at $1.95 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 2.13. The stock has a 50-day moving average price of $2.12 and a two-hundred day moving average price of $2.32. Bitcoin Depot Inc. has a 1 year low of $1.36 and a 1 year high of $10.85.

Bitcoin Depot (NASDAQ:BTM) last announced its earnings results on Monday, April 15th. The company reported ($0.50) EPS for the quarter. The company had revenue of $148.41 million for the quarter. Analysts expect that Bitcoin Depot Inc. will post 0.13 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Meteora Capital LLC acquired a new position in shares of Bitcoin Depot during the 3rd quarter worth approximately $902,000. Shaolin Capital Management LLC bought a new position in shares of Bitcoin Depot in the third quarter valued at $11,244,000. Saba Capital Management L.P. bought a new position in shares of Bitcoin Depot in the third quarter valued at $305,000. Cowen AND Company LLC acquired a new position in Bitcoin Depot during the third quarter worth $35,000. Finally, Kepos Capital LP bought a new stake in Bitcoin Depot during the third quarter worth $368,000. 9.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on BTM. B. Riley dropped their price objective on Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating for the company in a report on Tuesday, March 26th. HC Wainwright cut their price objective on Bitcoin Depot from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Tuesday, March 26th.

Bitcoin Depot Company Profile

Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. It provides users to buy and sell bitcoin, litecoin, and ethereum cryptocurrencies; and engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering and through its website over the counter trade.