Bitcoin Depot Inc. (NASDAQ:BTM – Get Free Report) COO Christopher Scott Buchanan sold 8,443 shares of the 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 sale, the chief operating officer now directly owns 285,379 shares of the company’s stock, valued at $485,144.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
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 stock was 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 stock was 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 stock was sold at an average price of $1.75, for a total value of $87,500.00.
Bitcoin Depot Stock Up 5.6 %
Shares of BTM opened at $1.71 on Friday. 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 twelve month low of $1.36 and a twelve month high of $4.49. The company has a 50 day moving average of $1.87 and a 200-day moving average of $2.13.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on BTM shares. B. Riley decreased their price target on shares of Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, March 26th. HC Wainwright reaffirmed a “buy” rating and set a $4.00 price target on shares of Bitcoin Depot in a research note on Tuesday, May 14th.
Check Out Our Latest Stock Analysis on BTM
Institutional Investors Weigh In On Bitcoin Depot
Large investors have recently made changes to their positions in the stock. Privium Fund Management UK Ltd acquired a new stake in shares of Bitcoin Depot in the 1st quarter valued at approximately $60,000. Owl Creek Asset Management L.P. acquired a new stake in shares of Bitcoin Depot in the 4th quarter valued at approximately $68,000. Radcliffe Capital Management L.P. acquired a new stake in shares of Bitcoin Depot in the 3rd quarter valued at approximately $1,075,000. Shaolin Capital Management LLC boosted its holdings in shares of Bitcoin Depot by 7.6% in the 1st quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company’s stock valued at $1,326,000 after buying an additional 49,600 shares during the last quarter. Finally, Cohanzick Management LLC boosted its holdings in shares of Bitcoin Depot by 54.4% in the 4th quarter. Cohanzick Management LLC now owns 602,000 shares of the company’s stock valued at $1,944,000 after buying an additional 212,000 shares during the last quarter. Institutional investors and hedge funds own 9.18% of the company’s stock.
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.
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