Insider Selling: BTCS Inc. (NASDAQ:BTCS) Director Sells 22,000 Shares of Stock

BTCS Inc. (NASDAQ:BTCS) Director Melanie Pump sold 22,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $3.49, for a total value of $76,780.00. Following the transaction, the director now directly owns 38,735 shares in the company, valued at approximately $135,185.15. This represents a 36.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

BTCS Price Performance

Shares of BTCS opened at $3.40 on Tuesday. The firm has a market capitalization of $57.87 million, a price-to-earnings ratio of 8.29 and a beta of 1.55. BTCS Inc. has a 1-year low of $0.95 and a 1-year high of $5.41. The company has a 50-day moving average of $1.75 and a 200 day moving average of $1.53.

Institutional Trading of BTCS

A hedge fund recently bought a new stake in BTCS stock. Heron Bay Capital Management acquired a new position in shares of BTCS Inc. (NASDAQ:BTCS) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 44,435 shares of the company’s stock, valued at approximately $61,000. Heron Bay Capital Management owned 0.28% of BTCS as of its most recent SEC filing. Institutional investors own 3.48% of the company’s stock.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price objective on shares of BTCS in a research report on Thursday, August 22nd.

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.