BTGO (NYSE:BTGO) Stock Price Down 6.7% – Time to Sell?

BTGO (NYSE:BTGO)’s stock price was down 6.7% on Monday . The stock traded as low as $12.50 and last traded at $12.60. Approximately 327,128 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 3,019,561 shares. The stock had previously closed at $13.50.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of BTGO to a “hold” rating in a research note on Saturday.

BTGO Trading Down 5.3%

Insider Activity at BTGO

In other news, CFO Edward Reginelli sold 45,000 shares of the company’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 value of $753,300.00. Following the transaction, the chief financial officer directly owned 539,000 shares in the company, valued at approximately $9,022,860. This represents a 7.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeff Peter Horowitz sold 116,007 shares of the 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 $1,941,957.18. Following the transaction, the insider directly owned 311,118 shares of the company’s stock, valued at $5,208,115.32. The trade was a 27.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 436,007 shares of company stock valued at $7,298,757 over the last 90 days.

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.