Insider Selling: Bitcoin Depot Inc. (NASDAQ:BTM) COO Sells 50,000 Shares of Stock

Bitcoin Depot Inc. (NASDAQ:BTM - Get Free Report) COO Christopher Scott Buchanan sold 50,000 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $1.75, for a total transaction of $87,500.00. Following the completion of the sale, the chief operating officer now directly owns 351,276 shares of the company's stock, valued at $614,733. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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 traded down $0.01 during midday trading on Wednesday, reaching $1.95. 125,001 shares of the company's stock traded hands, compared to its average volume of 348,495. 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 company has a 50-day simple moving average of $2.12 and a two-hundred day simple moving average of $2.33. Bitcoin Depot Inc. has a 1-year low of $1.36 and a 1-year high of $10.85.

Bitcoin Depot (NASDAQ:BTM - Get Free Report) last announced its earnings results on Monday, April 15th. The company reported ($0.50) earnings per share (EPS) for the quarter. The firm had revenue of $148.41 million for the quarter. As a group, research analysts predict that Bitcoin Depot Inc. will post 0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Bitcoin Depot

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cowen AND Company LLC acquired a new stake in shares of Bitcoin Depot during the third quarter worth about $35,000. Owl Creek Asset Management L.P. bought a new position in Bitcoin Depot during the fourth quarter worth about $68,000. Privium Fund Management UK Ltd acquired a new position in shares of Bitcoin Depot during the 1st quarter worth approximately $60,000. Saba Capital Management L.P. bought a new position in shares of Bitcoin Depot in the third quarter valued at about $305,000. Finally, Kepos Capital LP bought a new stake in Bitcoin Depot in the 3rd quarter valued at $368,000. Institutional investors own 9.18% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. B. Riley lowered their price target on shares of Bitcoin Depot from $6.00 to $4.00 and set a "buy" rating on the stock in a report on Tuesday, March 26th. HC Wainwright decreased 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.

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