Bitcoin Depot Inc. (NASDAQ:BTM) COO Christopher Scott Buchanan Sells 29,524 Shares

Bitcoin Depot Inc. (NASDAQ:BTM) COO Christopher Scott Buchanan sold 29,524 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $1.44, for a total value of $42,514.56. Following the transaction, the chief operating officer now directly owns 189,752 shares in the company, valued at approximately $273,242.88. This represents a 13.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, February 3rd, Christopher Scott Buchanan sold 5,000 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.52, for a total value of $7,600.00.

Bitcoin Depot Stock Performance

Shares of BTM stock opened at $1.27 on Friday. The company has a market capitalization of $81.20 million, a P/E ratio of -1.37 and a beta of -0.27. Bitcoin Depot Inc. has a fifty-two week low of $0.93 and a fifty-two week high of $3.52. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a 50 day moving average price of $1.38 and a two-hundred day moving average price of $1.59.

Bitcoin Depot (NASDAQ:BTM) last posted its quarterly earnings results on Monday, March 24th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.25). The firm had revenue of $136.83 million for the quarter, compared to the consensus estimate of $131.50 million. Bitcoin Depot had a negative net margin of 2.28% and a negative return on equity of 488.33%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BTM. B. Riley restated a “buy” rating and issued a $4.70 price objective (up from $4.50) on shares of Bitcoin Depot in a report on Wednesday, March 19th. HC Wainwright reissued a “buy” rating and issued a $4.00 price target on shares of Bitcoin Depot in a research note on Tuesday, March 18th.

Institutional Trading of Bitcoin Depot

Several large investors have recently modified their holdings of the business. 272 Capital LP purchased a new stake in Bitcoin Depot in the 3rd quarter worth approximately $401,000. Walleye Capital LLC raised its holdings in shares of Bitcoin Depot by 110.1% during the third quarter. Walleye Capital LLC now owns 23,542 shares of the company’s stock valued at $37,000 after acquiring an additional 12,337 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Bitcoin Depot in the fourth quarter worth $427,000. Two Sigma Advisers LP bought a new stake in Bitcoin Depot in the fourth quarter valued at $267,000. Finally, Welch Capital Partners LLC NY boosted its holdings in Bitcoin Depot by 480.1% in the fourth quarter. Welch Capital Partners LLC NY now owns 522,073 shares of the company’s stock valued at $846,000 after acquiring an additional 432,073 shares in the last quarter. 9.18% of the stock is owned by institutional investors.

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.