Insider Selling: Bitcoin Depot Inc. (NASDAQ:BTM) COO Sells $42,514.56 in Stock

Bitcoin Depot Inc. (NASDAQ:BTM - Get Free Report) COO Christopher Scott Buchanan sold 29,524 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $1.44, for a total transaction of $42,514.56. Following the completion of the transaction, the chief operating officer now owns 189,752 shares of the company's stock, valued at $273,242.88. This represents a 13.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, April 3rd, Christopher Scott Buchanan sold 20,476 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.33, for a total value of $27,233.08.
• 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 transaction of $7,600.00.

Bitcoin Depot Price Performance

Shares of NASDAQ:BTM traded up $0.06 during midday trading on Tuesday, hitting $1.20. The company had a trading volume of 177,168 shares, compared to its average volume of 424,874. Bitcoin Depot Inc. has a twelve month low of $0.93 and a twelve month high of $3.52. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.91 and a quick ratio of 0.91. The business's 50-day simple moving average is $1.37 and its 200-day simple moving average is $1.59. The stock has a market cap of $76.73 million, a price-to-earnings ratio of -1.29 and a beta of -0.26.

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

Institutional Trading of Bitcoin Depot

Several institutional investors and hedge funds have recently bought and sold shares of the stock. 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 worth $846,000 after purchasing an additional 432,073 shares during the period. Two Sigma Investments LP acquired a new position in Bitcoin Depot during the fourth quarter worth $427,000. 272 Capital LP purchased a new position in shares of Bitcoin Depot during the third quarter worth $401,000. Two Sigma Advisers LP acquired a new stake in shares of Bitcoin Depot in the fourth quarter valued at $267,000. Finally, Radcliffe Capital Management L.P. raised its holdings in shares of 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 buying an additional 163,854 shares during the period. 9.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BTM has been the topic of a number of recent research reports. HC Wainwright restated a "buy" rating and issued a $4.00 target price on shares of Bitcoin Depot in a research note on Tuesday, March 18th. B. Riley reiterated a "buy" rating and issued a $4.70 price objective (up from $4.50) on shares of Bitcoin Depot in a report on Wednesday, March 19th.

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.