BTCS Inc. (NASDAQ:BTCS) COO Michal Handerhan Sells 112,779 Shares

BTCS Inc. (NASDAQ:BTCS - Get Free Report) COO Michal Handerhan sold 112,779 shares of the business's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $6.00, for a total transaction of $676,674.00. Following the sale, the chief operating officer directly owned 1,641,581 shares of the company's stock, valued at approximately $9,849,486. The trade was a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michal Handerhan also recently made the following trade(s):

• On Tuesday, July 8th, Michal Handerhan sold 87,221 shares of BTCS stock. The shares were sold at an average price of $6.04, for a total transaction of $526,814.84.

BTCS Stock Up 1.5%

Shares of NASDAQ:BTCS traded up $0.10 on Friday, hitting $6.57. The company had a trading volume of 41,031,353 shares, compared to its average volume of 2,590,271. The firm's 50-day simple moving average is $2.97 and its two-hundred day simple moving average is $2.47. BTCS Inc. has a 1 year low of $0.95 and a 1 year high of $8.49. The firm has a market capitalization of $153.21 million, a price-to-earnings ratio of -3.84 and a beta of 1.15.

BTCS (NASDAQ:BTCS - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.14) earnings per share (EPS) for the quarter. BTCS had a negative net margin of 579.87% and a negative return on equity of 41.76%. Equities research analysts anticipate that BTCS Inc. will post -0.08 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of BTCS from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th.

Institutional Trading of BTCS

A number of large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its holdings in shares of BTCS by 242.3% in the fourth quarter. Renaissance Technologies LLC now owns 127,391 shares of the company's stock worth $315,000 after buying an additional 90,171 shares in the last quarter. Invesco Ltd. purchased a new stake in BTCS during the fourth quarter valued at $294,000. Geode Capital Management LLC raised its stake in BTCS by 10.6% during the fourth quarter. Geode Capital Management LLC now owns 98,019 shares of the company's stock valued at $242,000 after purchasing an additional 9,404 shares in the last quarter. DLK Investment Management LLC raised its stake in BTCS by 13.3% during the second quarter. DLK Investment Management LLC now owns 32,392 shares of the company's stock valued at $71,000 after purchasing an additional 3,792 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in BTCS by 39.7% during the first quarter. SBI Securities Co. Ltd. now owns 24,846 shares of the company's stock valued at $37,000 after purchasing an additional 7,064 shares in the last quarter. 3.48% of the stock is currently owned by institutional investors.

BTCS Company Profile

BTCS Inc operates in blockchain technology sector the United States. Its blockchain-infrastructure secures and operates validator nodes on disruptive blockchain networks, as well as validates transactions for crypto holding delegations on dPoS blockchains. The company offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms; and Builder+, a Ethereum block builder offered to maximize validator earnings by utilizing algorithms to construct optimized blocks for on-chain validation.