Bitcoin Depot Inc. (NASDAQ:BTM) Insider Sells $13,608.75 in Stock

Bitcoin Depot Inc. (NASDAQ:BTM - Get Free Report) insider Brandon Taylor Mintz sold 7,125 shares of Bitcoin Depot stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $1.91, for a total transaction of $13,608.75. Following the completion of the sale, the insider now directly owns 689,577 shares in the company, valued at approximately $1,317,092.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Brandon Taylor Mintz also recently made the following trade(s):

• On Wednesday, April 24th, Brandon Taylor Mintz sold 2,906,976 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.72, for a total transaction of $4,999,998.72.
• On Monday, April 1st, Brandon Taylor Mintz sold 50,000 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.73, for a total value of $86,500.00.
• On Wednesday, March 27th, Brandon Taylor Mintz sold 62,865 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.99, for a total value of $125,101.35.

Bitcoin Depot Price Performance

BTM stock traded up $0.16 during midday trading on Wednesday, hitting $1.89. 64,801 shares of the stock were exchanged, compared to its average volume of 335,622. The stock's 50-day moving average price is $2.08 and its 200-day moving average price is $2.30. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.81 and a current ratio of 0.81. Bitcoin Depot Inc. has a fifty-two week low of $1.36 and a fifty-two week high of $10.85.

Bitcoin Depot (NASDAQ:BTM - Get Free Report) last released its quarterly 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 during the quarter. As a group, research analysts forecast that Bitcoin Depot Inc. will post 0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. B. Riley reduced their target price 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 reduced their price objective on shares of Bitcoin Depot from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Tuesday, March 26th.

About Bitcoin Depot

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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