Bitcoin Depot Inc. (NASDAQ:BTM) COO Sells $87,500.00 in Stock

Bitcoin Depot Inc. (NASDAQ:BTM) COO Christopher Scott Buchanan sold 50,000 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $1.75, for a total value of $87,500.00. Following the sale, the chief operating officer now owns 351,276 shares in the company, valued at approximately $614,733. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, March 20th, Christopher Scott Buchanan sold 14,512 shares of Bitcoin Depot stock. The shares were sold at an average price of $2.48, for a total transaction of $35,989.76.

Bitcoin Depot Price Performance

NASDAQ:BTM opened at $1.98 on Friday. The company has a 50-day moving average of $2.10 and a 200 day moving average of $2.32. Bitcoin Depot Inc. has a 1-year low of $1.36 and a 1-year high of $10.85. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.13.

Bitcoin Depot (NASDAQ:BTM) last posted its earnings results on Monday, April 15th. The company reported ($0.50) earnings per share for the quarter. The business had revenue of $148.41 million during the quarter. Research analysts anticipate that Bitcoin Depot Inc. will post 0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. B. Riley lowered their target price on shares of Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating for the company in a report on Tuesday, March 26th. HC Wainwright cut their price objective on Bitcoin Depot from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, March 26th.

Hedge Funds Weigh In On Bitcoin Depot

Several institutional investors and hedge funds have recently added to or reduced their stakes in BTM. Meteora Capital LLC acquired a new position in shares of Bitcoin Depot during the third quarter worth $902,000. Shaolin Capital Management LLC purchased a new stake in Bitcoin Depot in the third quarter valued at about $11,244,000. Saba Capital Management L.P. acquired a new stake in Bitcoin Depot in the third quarter worth about $305,000. Cowen AND Company LLC purchased a new stake in shares of Bitcoin Depot during the third quarter worth about $35,000. Finally, Kepos Capital LP acquired a new position in shares of Bitcoin Depot during the third quarter valued at about $368,000. Hedge funds and other 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. 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.