Insider Selling: Bitcoin Depot Inc. (NASDAQ:BTM) COO Sells 29,524 Shares of Stock

Bitcoin Depot Inc. (NASDAQ:BTM) COO Christopher Scott Buchanan sold 29,524 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $1.44, for a total transaction of $42,514.56. Following the completion of the transaction, the chief operating officer now owns 189,752 shares in the company, valued at approximately $273,242.88. This trade represents a 13.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, February 3rd, Christopher Scott Buchanan sold 5,000 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.52, for a total value of $7,600.00.

Bitcoin Depot Price Performance

Shares of Bitcoin Depot stock traded down $0.08 during midday trading on Thursday, reaching $1.31. The company had a trading volume of 97,036 shares, compared to its average volume of 422,919. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 9.33. The stock has a fifty day simple moving average of $1.40 and a 200 day simple moving average of $1.60. Bitcoin Depot Inc. has a 1-year low of $0.93 and a 1-year high of $3.52. The company has a market capitalization of $83.76 million, a price-to-earnings ratio of -1.41 and a beta of -0.27.

Bitcoin Depot (NASDAQ:BTM) last released its earnings results on Monday, March 24th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.25). Bitcoin Depot had a negative net margin of 2.28% and a negative return on equity of 488.33%. The firm had revenue of $136.83 million during the quarter, compared to analyst estimates of $131.50 million.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. HC Wainwright restated a “buy” rating and set a $4.00 target price on shares of Bitcoin Depot in a report on Tuesday, March 18th. B. Riley reiterated a “buy” rating and set a $4.70 price target (up previously from $4.50) on shares of Bitcoin Depot in a research report on Wednesday, March 19th.

Institutional Trading of Bitcoin Depot

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Owl Capital Holdings LP grew its position in shares of Bitcoin Depot by 480.0% during the 4th quarter. Blue Owl Capital Holdings LP now owns 18,125 shares of the company’s stock worth $29,000 after buying an additional 15,000 shares during the period. Walleye Capital LLC boosted its stake in Bitcoin Depot by 110.1% in the third quarter. Walleye Capital LLC now owns 23,542 shares of the company’s stock valued at $37,000 after acquiring an additional 12,337 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Bitcoin Depot by 96.4% in the fourth quarter. Renaissance Technologies LLC now owns 146,100 shares of the company’s stock valued at $237,000 after acquiring an additional 71,700 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in Bitcoin Depot during the 4th quarter worth $267,000. Finally, 272 Capital LP bought a new stake in shares of Bitcoin Depot during the 3rd quarter valued at $401,000. 9.18% of the stock is owned by institutional investors.

Bitcoin Depot Company Profile

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.