Bitcoin Depot Inc. (NASDAQ:BTM) CEO Sells $15,251.00 in Stock

Bitcoin Depot Inc. (NASDAQ:BTM) CEO Brandon Taylor Mintz sold 10,100 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $1.51, for a total transaction of $15,251.00. Following the transaction, the chief executive officer now owns 419,148 shares in the company, valued at $632,913.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, September 5th, Brandon Taylor Mintz sold 10,000 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.55, for a total transaction of $15,500.00.
• On Thursday, August 1st, Brandon Taylor Mintz sold 9,771 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.66, for a total value of $16,219.86.

Bitcoin Depot Price Performance

Shares of NASDAQ:BTM opened at $1.50 on Friday. The company’s fifty day moving average is $1.61 and its two-hundred day moving average is $1.77. The company has a market cap of $89.42 million, a P/E ratio of -0.80 and a beta of -0.35. Bitcoin Depot Inc. has a 12-month low of $1.33 and a 12-month high of $3.70. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 9.33.

Bitcoin Depot (NASDAQ:BTM) last issued its earnings results on Thursday, August 15th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.16). The business had revenue of $163.07 million during the quarter, compared to analyst estimates of $148.49 million. Bitcoin Depot had a negative net margin of 3.10% and a negative return on equity of 307.37%. Equities analysts expect that Bitcoin Depot Inc. will post -0.09 earnings per share for the current fiscal year.

Institutional Trading of Bitcoin Depot

Hedge funds and other institutional investors have recently modified their holdings of the company. Owl Creek Asset Management L.P. purchased a new position in Bitcoin Depot in the fourth quarter valued at about $68,000. Privium Fund Management UK Ltd acquired a new stake in shares of Bitcoin Depot during the 1st quarter valued at about $60,000. Renaissance Technologies LLC grew its stake in shares of Bitcoin Depot by 122.1% in the 2nd quarter. Renaissance Technologies LLC now owns 47,300 shares of the company’s stock valued at $85,000 after buying an additional 26,000 shares in the last quarter. Finally, Shaolin Capital Management LLC increased its holdings in Bitcoin Depot by 7.6% in the first quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company’s stock worth $1,326,000 after buying an additional 49,600 shares during the last quarter. 9.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright decreased their price target on Bitcoin Depot from $4.00 to $3.50 and set a “buy” rating for the company in a research report on Thursday, August 15th.

About Bitcoin Depot

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.