Christopher Scott Buchanan Sells 7,000 Shares of Bitcoin Depot (NASDAQ:BTM) Stock

Key Points

• Christopher Scott Buchanan, COO of Bitcoin Depot, sold 7,000 shares at an average price of $3.82, decreasing his position by 4.99%. After the sale, he still holds 133,276 shares valued at approximately $509,114.32.
• Bitcoin Depot has experienced fluctuations in its stock price, peaking at a 52-week high of $6.88, while recently trading at $3.85.
• Various analysts have given Bitcoin Depot a consensus rating of Moderate Buy with a target price around $5.83, reflecting a mix of upgrades and downgrades amid investor interest.

Bitcoin Depot Inc. (NASDAQ:BTM - Get Free Report) COO Christopher Scott Buchanan sold 7,000 shares of Bitcoin Depot stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $3.82, for a total value of $26,740.00. Following the completion of the sale, the chief operating officer directly owned 133,276 shares in the company, valued at approximately $509,114.32. The trade was a 4.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, September 5th, Christopher Scott Buchanan sold 7,000 shares of Bitcoin Depot stock. The stock was sold at an average price of $3.52, for a total value of $24,640.00.
• On Thursday, August 14th, Christopher Scott Buchanan sold 22,000 shares of Bitcoin Depot stock. The stock was sold at an average price of $4.21, for a total value of $92,620.00.

Bitcoin Depot Price Performance

NASDAQ:BTM traded up $0.02 during trading hours on Friday, reaching $3.85. The stock had a trading volume of 2,146,303 shares, compared to its average volume of 1,093,733. The company has a debt-to-equity ratio of 12.34, a quick ratio of 1.41 and a current ratio of 1.41. Bitcoin Depot Inc. has a 52 week low of $0.93 and a 52 week high of $6.88. The company has a 50 day moving average price of $4.03 and a two-hundred day moving average price of $3.60. The stock has a market capitalization of $262.12 million, a PE ratio of 38.50 and a beta of 0.81.

Bitcoin Depot (NASDAQ:BTM - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). The firm had revenue of $172.11 million during the quarter, compared to the consensus estimate of $168.00 million. Bitcoin Depot had a negative return on equity of 44.12% and a net margin of 0.44%.

Hedge Funds Weigh In On Bitcoin Depot

Large investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in Bitcoin Depot by 11,320.0% during the 2nd quarter. Bank of America Corp DE now owns 9,707 shares of the company's stock valued at $49,000 after acquiring an additional 9,622 shares during the period. Cetera Investment Advisers purchased a new position in Bitcoin Depot during the 2nd quarter valued at $51,000. Truist Financial Corp purchased a new position in Bitcoin Depot during the 2nd quarter valued at $71,000. Verdence Capital Advisors LLC purchased a new position in Bitcoin Depot during the 1st quarter valued at $73,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Bitcoin Depot in the 2nd quarter worth $74,000. Hedge funds and other institutional investors own 9.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BTM shares. B. Riley lifted their target price on Bitcoin Depot from $5.50 to $6.00 and gave the stock a "buy" rating in a report on Thursday. HC Wainwright lifted their target price on Bitcoin Depot from $5.00 to $6.50 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Noble Financial reiterated an "outperform" rating on shares of Bitcoin Depot in a report on Friday, June 13th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Bitcoin Depot in a report on Saturday, September 27th. Finally, Zacks Research cut Bitcoin Depot from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Bitcoin Depot has a consensus rating of "Moderate Buy" and a consensus price target of $5.83.

About Bitcoin Depot

Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. Its customers can buy and sell bitcoin, litecoin, and ethereum cryptocurrencies using the BTM kiosk network and other services. The company also engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering, as well as its website through over-the-counter trade.

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