Insider Selling: Bitcoin Depot Inc. (NASDAQ:BTM) COO Sells 8,443 Shares of Stock

Bitcoin Depot Inc. (NASDAQ:BTM) COO Christopher Scott Buchanan sold 8,443 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $1.70, for a total value of $14,353.10. Following the transaction, the chief operating officer now directly owns 285,379 shares in the company, valued at $485,144.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, June 3rd, Christopher Scott Buchanan sold 20,000 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.90, for a total value of $38,000.00.
• On Tuesday, May 7th, Christopher Scott Buchanan sold 12,875 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.83, for a total value of $23,561.25.
• On Monday, April 29th, Christopher Scott Buchanan sold 50,000 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.75, for a total value of $87,500.00.

Bitcoin Depot Stock Up 5.6 %

Shares of Bitcoin Depot stock opened at $1.71 on Friday. Bitcoin Depot Inc. has a 1 year low of $1.36 and a 1 year high of $4.49. The stock has a fifty day moving average price of $1.87 and a 200-day moving average price of $2.13. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 7.66.

Bitcoin Depot (NASDAQ:BTM) last announced its earnings results on Tuesday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.17). Bitcoin Depot had a negative net margin of 4.28% and a negative return on equity of 483.86%. The business had revenue of $138.54 million for the quarter, compared to analysts’ expectations of $132.85 million. On average, analysts anticipate that Bitcoin Depot Inc. will post 0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BTM shares. HC Wainwright reissued a “buy” rating and issued a $4.00 price target on shares of Bitcoin Depot in a research report on Tuesday, May 14th. B. Riley lowered their price target on Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, March 26th.

Institutional Investors Weigh In On Bitcoin Depot

Several large investors have recently made changes to their positions in BTM. Shaolin Capital Management LLC purchased a new stake in shares of Bitcoin Depot during the 3rd quarter valued at $11,244,000. Radcliffe Capital Management L.P. bought a new position in shares of Bitcoin Depot during the 3rd quarter worth $1,075,000. Cohanzick Management LLC grew its stake in shares of Bitcoin Depot by 54.4% during the 4th quarter. Cohanzick Management LLC now owns 602,000 shares of the company’s stock worth $1,944,000 after acquiring an additional 212,000 shares during the period. Privium Fund Management UK Ltd bought a new position in shares of Bitcoin Depot during the 1st quarter worth $60,000. Finally, Owl Creek Asset Management L.P. bought a new position in shares of Bitcoin Depot during the 4th quarter worth $68,000. 9.18% of the stock is owned by hedge funds and other institutional investors.

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.