Christopher Scott Buchanan Sells 10,000 Shares of Bitcoin Depot Inc. (NASDAQ:BTM) Stock

Bitcoin Depot Inc. (NASDAQ:BTM - Get Free Report) COO Christopher Scott Buchanan sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $1.51, for a total value of $15,100.00. Following the completion of the sale, the chief operating officer now directly owns 231,276 shares of the company's stock, valued at $349,226.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, September 3rd, Christopher Scott Buchanan sold 20,000 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.56, for a total transaction of $31,200.00.
• On Friday, August 2nd, Christopher Scott Buchanan sold 10,229 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.60, for a total transaction of $16,366.40.
• On Friday, July 5th, Christopher Scott Buchanan sold 4,103 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.68, for a total value of $6,893.04.

Bitcoin Depot Price Performance

Shares of BTM stock traded down $0.03 during trading hours on Thursday, reaching $1.47. The stock had a trading volume of 80,644 shares, compared to its average volume of 208,269. The stock's fifty day simple moving average is $1.62 and its 200 day simple moving average is $1.78. The firm has a market capitalization of $87.63 million, a PE ratio of -0.79 and a beta of -0.34. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 9.33. Bitcoin Depot Inc. has a 12 month low of $1.33 and a 12 month high of $3.70.

Bitcoin Depot (NASDAQ:BTM - Get Free Report) last issued its quarterly earnings data on Thursday, August 15th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.16). The business had revenue of $163.07 million for the quarter, compared to analysts' expectations of $148.49 million. Bitcoin Depot had a negative return on equity of 307.37% and a negative net margin of 3.10%. On average, equities research analysts predict that Bitcoin Depot Inc. will post -0.09 EPS for the current year.

Analysts Set New Price Targets

Separately, HC Wainwright reduced their price objective on shares of Bitcoin Depot from $4.00 to $3.50 and set a "buy" rating for the company in a research note on Thursday, August 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BTM. Shaolin Capital Management LLC boosted its holdings in shares of Bitcoin Depot by 7.6% in the 1st quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company's stock worth $1,326,000 after purchasing an additional 49,600 shares in the last quarter. Privium Fund Management UK Ltd bought a new stake in Bitcoin Depot in the 1st quarter worth approximately $60,000. Renaissance Technologies LLC boosted its stake in Bitcoin Depot by 122.1% in the second quarter. Renaissance Technologies LLC now owns 47,300 shares of the company's stock worth $85,000 after buying an additional 26,000 shares in the last quarter. Finally, Owl Creek Asset Management L.P. bought a new position in Bitcoin Depot during the fourth quarter valued at approximately $68,000. 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.

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