Bitcoin Depot Inc. (NASDAQ:BTM – Get Free Report) COO Christopher Scott Buchanan sold 12,875 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $1.83, for a total transaction of $23,561.25. Following the completion of the sale, the chief operating officer now directly owns 331,276 shares in the company, valued at approximately $606,235.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Christopher Scott Buchanan also recently made the following trade(s):
- On Monday, April 29th, Christopher Scott Buchanan sold 50,000 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.75, for a total transaction of $87,500.00.
- On Wednesday, March 20th, Christopher Scott Buchanan sold 14,512 shares of Bitcoin Depot stock. The stock was sold at an average price of $2.48, for a total transaction of $35,989.76.
Bitcoin Depot Stock Performance
NASDAQ BTM traded up $0.16 on Wednesday, hitting $1.89. 64,801 shares of the company were exchanged, compared to its average volume of 335,622. Bitcoin Depot Inc. has a twelve month low of $1.36 and a twelve month high of $10.85. The company’s 50 day moving average price is $2.08 and its 200-day moving average price is $2.30. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.81 and a quick ratio of 0.81.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. B. Riley lowered their price target on Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, March 26th. HC Wainwright dropped their price target on shares of Bitcoin Depot from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, March 26th.
Read Our Latest Report on Bitcoin Depot
Institutional Investors Weigh In On Bitcoin Depot
Hedge funds have recently bought and sold shares of the business. Meteora Capital LLC acquired a new position in shares of Bitcoin Depot in the 3rd quarter valued at about $902,000. Shaolin Capital Management LLC purchased a new position in Bitcoin Depot in the third quarter valued at about $11,244,000. Saba Capital Management L.P. acquired a new position in Bitcoin Depot in the 3rd quarter worth about $305,000. Cowen AND Company LLC purchased a new stake in shares of Bitcoin Depot during the 3rd quarter worth about $35,000. Finally, Kepos Capital LP acquired a new stake in shares of Bitcoin Depot during the 3rd quarter valued at about $368,000. 9.18% of the stock is owned by hedge funds and other institutional investors.
Bitcoin Depot Company Profile
Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. It provides users to buy and sell bitcoin, litecoin, and ethereum cryptocurrencies; and engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering and through its website over the counter trade.
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