BTGO (NYSE:BTGO) Hits New 1-Year Low – Here’s What Happened

BTGO (NYSE:BTGO) hit a new 52-week low on Tuesday . The company traded as low as $11.50 and last traded at $11.74, with a volume of 673181 shares changing hands. The stock had previously closed at $12.46.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded BTGO to a “hold” rating in a research note on Saturday, January 31st.

BTGO Stock Performance

Insider Buying and Selling

In other BTGO news, insider Jeff Peter Horowitz sold 116,007 shares of the firm’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $16.74, for a total value of $1,941,957.18. Following the sale, the insider directly owned 311,118 shares in the company, valued at approximately $5,208,115.32. This trade represents a 27.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Jody Mettler sold 25,000 shares of the business’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $16.74, for a total transaction of $418,500.00. Following the transaction, the chief operating officer directly owned 25,000 shares of the company’s stock, valued at approximately $418,500. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 436,007 shares of company stock worth $7,298,757.

About BTGO

BitGo Holdings Inc is the digital asset infrastructure company delivering custody, wallets, staking, trading, financing, stablecoins and settlement services from regulated cold storage. BitGo Holdings Inc is based in NEW YORK.