Insider Selling: Bitcoin Depot Inc. (NASDAQ:BTM) Insider Sells 17,454 Shares of Stock

Bitcoin Depot Inc. (NASDAQ:BTM) insider Brandon Taylor Mintz sold 17,454 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $1.79, for a total value of $31,242.66. Following the completion of the transaction, the insider now directly owns 529,248 shares in the company, valued at $947,353.92. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Wednesday, July 3rd, Brandon Taylor Mintz sold 10,152 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.66, for a total value of $16,852.32.
• On Monday, June 3rd, Brandon Taylor Mintz sold 27,399 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.89, for a total value of $51,784.11.
• On Wednesday, May 29th, Brandon Taylor Mintz sold 600 shares of Bitcoin Depot stock. The stock was sold at an average price of $2.01, for a total transaction of $1,206.00.
• On Monday, May 6th, Brandon Taylor Mintz sold 7,125 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.91, for a total transaction of $13,608.75.
• On Wednesday, April 24th, Brandon Taylor Mintz sold 2,906,976 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.72, for a total transaction of $4,999,998.72.

Bitcoin Depot Stock Up 5.6 %

Shares of BTM stock opened at $1.71 on Friday. The firm’s 50 day moving average price is $1.87 and its two-hundred day moving average price is $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 Inc. has a 52-week low of $1.36 and a 52-week high of $4.49.

Bitcoin Depot (NASDAQ:BTM) last posted its quarterly 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). The company had revenue of $138.54 million during the quarter, compared to the consensus estimate of $132.85 million. Bitcoin Depot had a negative return on equity of 483.86% and a negative net margin of 4.28%. As a group, equities analysts forecast that Bitcoin Depot Inc. will post 0.04 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. HC Wainwright reaffirmed a “buy” rating and set a $4.00 price objective on shares of Bitcoin Depot in a report on Tuesday, May 14th. B. Riley cut their price target on Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, March 26th.

Hedge Funds Weigh In On Bitcoin Depot

Several institutional investors have recently modified their holdings of BTM. Shaolin Capital Management LLC bought a new position in Bitcoin Depot during the 3rd quarter worth approximately $2,105,000. Cohanzick Management LLC boosted its position in shares of Bitcoin Depot by 54.4% during the fourth quarter. Cohanzick Management LLC now owns 602,000 shares of the company’s stock worth $1,944,000 after purchasing an additional 212,000 shares in the last quarter. Owl Creek Asset Management L.P. acquired a new position in shares of Bitcoin Depot in the 4th quarter valued at $68,000. Radcliffe Capital Management L.P. bought a new stake in shares of Bitcoin Depot in the 3rd quarter valued at $1,075,000. Finally, Privium Fund Management UK Ltd acquired a new stake in Bitcoin Depot during the 1st quarter worth $60,000. 9.18% of the stock is currently owned by institutional investors and hedge funds.

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.