Insider Selling: Bitcoin Depot Inc. (NASDAQ:BTM) COO Sells 20,476 Shares of Stock

Bitcoin Depot Inc. (NASDAQ:BTM) COO Christopher Scott Buchanan sold 20,476 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $1.33, for a total value of $27,233.08. Following the completion of the sale, the chief operating officer now directly owns 169,276 shares in the company, valued at $225,137.08. This represents a 10.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, April 1st, Christopher Scott Buchanan sold 29,524 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.44, for a total transaction of $42,514.56.
• 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 Trading Up 5.3 %

Shares of NASDAQ BTM opened at $1.20 on Wednesday. The stock has a market capitalization of $76.73 million, a P/E ratio of -1.29 and a beta of -0.26. The stock’s 50 day moving average price is $1.35 and its two-hundred day moving average price is $1.59. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 9.33. Bitcoin Depot Inc. has a 52-week low of $0.93 and a 52-week high of $3.52.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Bitcoin Depot

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. 272 Capital LP acquired a new position in Bitcoin Depot in the 3rd quarter worth about $401,000. Walleye Capital LLC raised its position in shares of Bitcoin Depot by 110.1% in the third quarter. Walleye Capital LLC now owns 23,542 shares of the company’s stock valued at $37,000 after purchasing an additional 12,337 shares during the period. Two Sigma Investments LP bought a new position in Bitcoin Depot in the 4th quarter worth $427,000. Two Sigma Advisers LP bought a new position in shares of Bitcoin Depot in the fourth quarter worth about $267,000. Finally, Welch Capital Partners LLC NY lifted its holdings in shares of Bitcoin Depot by 480.1% during the fourth quarter. Welch Capital Partners LLC NY now owns 522,073 shares of the company’s stock worth $846,000 after buying an additional 432,073 shares during the last quarter. 9.18% of the stock is currently 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.