Bitcoin Depot Inc. (NASDAQ:BTM) COO Christopher Scott Buchanan Sells 20,476 Shares

Bitcoin Depot Inc. (NASDAQ:BTM) COO Christopher Scott Buchanan sold 20,476 shares of the company’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $1.33, for a total value of $27,233.08. Following the completion of the transaction, the chief operating officer now directly owns 169,276 shares of the company’s stock, valued at approximately $225,137.08. The trade was a 10.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 value 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 Down 2.5 %

Shares of BTM stock opened at $1.17 on Thursday. The stock has a market cap of $74.81 million, a price-to-earnings ratio of -1.26 and a beta of -0.26. The stock has a 50-day moving average of $1.33 and a 200-day moving average of $1.58. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 9.33. Bitcoin Depot Inc. has a 1-year low of $0.93 and a 1-year high of $3.52.

Bitcoin Depot (NASDAQ:BTM) last issued its quarterly earnings results on Monday, March 24th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.25). The company had revenue of $136.83 million during the quarter, compared to analyst estimates 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 equities analysts have issued reports on the company. HC Wainwright reaffirmed a “buy” rating and issued a $4.00 target price on shares of Bitcoin Depot in a report on Tuesday, March 18th. B. Riley reissued a “buy” rating and issued a $4.70 price target (up previously from $4.50) on shares of Bitcoin Depot in a research note on Wednesday, March 19th.

Institutional Investors Weigh In On Bitcoin Depot

Several institutional investors and hedge funds have recently made changes to their positions in BTM. Welch Capital Partners LLC NY boosted its position in shares of Bitcoin Depot by 480.1% during the 4th quarter. Welch Capital Partners LLC NY now owns 522,073 shares of the company’s stock valued at $846,000 after purchasing an additional 432,073 shares in the last quarter. Two Sigma Investments LP bought a new position in Bitcoin Depot in the fourth quarter worth approximately $427,000. 272 Capital LP bought a new position in Bitcoin Depot in the third quarter worth approximately $401,000. Two Sigma Advisers LP bought a new position in Bitcoin Depot in the fourth quarter worth approximately $267,000. Finally, Radcliffe Capital Management L.P. boosted its holdings in Bitcoin Depot by 134.3% in the fourth quarter. Radcliffe Capital Management L.P. now owns 285,835 shares of the company’s stock worth $463,000 after acquiring an additional 163,854 shares in the last quarter. Institutional investors own 9.18% of the company’s stock.

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.