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

Bitcoin Depot Inc. (NASDAQ:BTM - Get Free Report) COO Christopher Scott Buchanan sold 20,476 shares of the company's stock in a transaction that occurred on 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 owns 169,276 shares of the company's stock, valued at $225,137.08. This trade represents a 10.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 shares were 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 shares were sold at an average price of $1.52, for a total value of $7,600.00.

Bitcoin Depot Price Performance

Shares of NASDAQ:BTM traded down $0.01 on Friday, hitting $1.19. The company had a trading volume of 77,267 shares, compared to its average volume of 426,871. The business has a 50 day moving average of $1.32 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. The company has a market cap of $76.09 million, a PE ratio of -1.28 and a beta of -0.26. Bitcoin Depot Inc. has a 52-week low of $0.93 and a 52-week high of $3.52.

Bitcoin Depot (NASDAQ:BTM - Get Free Report) last issued its earnings results 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 firm had revenue of $136.83 million for the quarter, compared to analysts' expectations of $131.50 million.

Analyst Ratings Changes

Several analysts recently commented on BTM shares. HC Wainwright reiterated a "buy" rating and set a $4.00 price target on shares of Bitcoin Depot in a research note on Tuesday, March 18th. B. Riley reiterated a "buy" rating and set a $4.70 price target (up from $4.50) on shares of Bitcoin Depot in a research report on Wednesday, March 19th.

Institutional Trading of Bitcoin Depot

A number of hedge funds have recently made changes to their positions in BTM. Walleye Capital LLC grew its position in shares of Bitcoin Depot by 110.1% during the 3rd quarter. Walleye Capital LLC now owns 23,542 shares of the company's stock valued at $37,000 after buying an additional 12,337 shares during the last quarter. 272 Capital LP acquired a new stake in shares of Bitcoin Depot in the 3rd quarter worth approximately $401,000. Renaissance Technologies LLC raised its stake in shares of Bitcoin Depot by 96.4% in the 4th quarter. Renaissance Technologies LLC now owns 146,100 shares of the company's stock worth $237,000 after buying an additional 71,700 shares in the last quarter. Radcliffe Capital Management L.P. lifted its holdings in Bitcoin Depot by 134.3% in the 4th quarter. Radcliffe Capital Management L.P. now owns 285,835 shares of the company's stock valued at $463,000 after acquiring an additional 163,854 shares during the last quarter. Finally, Blue Owl Capital Holdings LP boosted its holdings in Bitcoin Depot by 480.0% during the fourth quarter. Blue Owl Capital Holdings LP now owns 18,125 shares of the company's stock worth $29,000 after buying an additional 15,000 shares in the last quarter. Institutional investors and hedge funds 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.