BTGO (NYSE:BTGO) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of BTGO (NYSE:BTGO) from a hold rating to a sell rating in a report released on Saturday morning.

Several other equities analysts also recently issued reports on BTGO. Cantor Fitzgerald assumed coverage on shares of BTGO in a report on Tuesday, February 17th. They set an “overweight” rating and a $18.00 price objective on the stock. Clear Str raised shares of BTGO to a “strong-buy” rating in a research note on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft started coverage on BTGO in a report on Tuesday, February 17th. They issued a “buy” rating and a $17.00 price objective on the stock. Mizuho started coverage on BTGO in a report on Tuesday, February 17th. They set an “outperform” rating and a $17.00 target price for the company. Finally, Citigroup began coverage on BTGO in a research note on Tuesday, February 17th. They issued a “buy” rating and a $18.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.05.

BTGO Trading Down 10.0%

Shares of BTGO stock opened at $9.46 on Friday. BTGO has a 52-week low of $9.29 and a 52-week high of $24.50.

Insiders Place Their Bets

In other BTGO news, COO Jody Mettler sold 25,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer owned 25,000 shares of the company’s stock, valued at approximately $418,500. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Edward Reginelli sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $16.74, for a total transaction of $753,300.00. Following the sale, the chief financial officer owned 539,000 shares of the company’s stock, valued at $9,022,860. This represents a 7.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 436,007 shares of company stock worth $7,298,757 in the last three months.

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.