BTGO (NYSE:BTGO) Stock Price Down 6.7% – What’s Next?

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

Wall Street Analysts Forecast Growth

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

BTGO Stock Performance

Insider Activity at BTGO

In other BTGO news, CFO Edward Reginelli sold 45,000 shares of BTGO stock in a transaction 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 completion of the transaction, the chief financial officer owned 539,000 shares of the company’s stock, valued at $9,022,860. The trade was a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CRO Chen Fang sold 250,000 shares of the firm’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $16.74, for a total transaction of $4,185,000.00. Following the completion of the transaction, the executive directly owned 1,233,491 shares in the company, valued at $20,648,639.34. This represents a 16.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 436,007 shares of company stock worth $7,298,757.

BTGO Company Profile

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.