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

Bitcoin Depot Inc. (NASDAQ:BTM) COO Christopher Scott Buchanan sold 20,476 shares of Bitcoin Depot stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $1.33, for a total transaction of $27,233.08. Following the sale, the chief operating officer now directly owns 169,276 shares of the company’s stock, valued at $225,137.08. This represents a 10.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

Bitcoin Depot Stock Down 10.2 %

Shares of BTM traded down $0.13 on Monday, hitting $1.14. The company’s stock had a trading volume of 449,175 shares, compared to its average volume of 425,863. The firm’s fifty day moving average price is $1.38 and its 200-day moving average price is $1.59. Bitcoin Depot Inc. has a fifty-two week low of $0.93 and a fifty-two week high of $3.52. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 9.33. The firm has a market capitalization of $72.89 million, a price-to-earnings ratio of -1.23 and a beta of -0.26.

Bitcoin Depot (NASDAQ:BTM) last issued 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 company had revenue of $136.83 million for the quarter, compared to the consensus estimate 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

A number of institutional investors have recently modified their holdings of the company. Blue Owl Capital Holdings LP lifted its stake in Bitcoin Depot by 480.0% in the 4th quarter. Blue Owl Capital Holdings LP now owns 18,125 shares of the company’s stock valued at $29,000 after acquiring an additional 15,000 shares in the last quarter. Walleye Capital LLC boosted its holdings in Bitcoin Depot by 110.1% during the third quarter. Walleye Capital LLC now owns 23,542 shares of the company’s stock worth $37,000 after purchasing an additional 12,337 shares during the last quarter. Renaissance Technologies LLC grew its position in Bitcoin Depot by 96.4% in the fourth quarter. Renaissance Technologies LLC now owns 146,100 shares of the company’s stock valued at $237,000 after purchasing an additional 71,700 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in Bitcoin Depot in the 4th quarter valued at $267,000. Finally, 272 Capital LP bought a new stake in Bitcoin Depot during the 3rd quarter worth about $401,000. 9.18% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BTM has been the subject of a number of recent analyst reports. B. Riley reaffirmed a “buy” rating and issued a $4.70 price target (up from $4.50) on shares of Bitcoin Depot in a research note on Wednesday, March 19th. HC Wainwright reissued a “buy” rating and set a $4.00 price target on shares of Bitcoin Depot in a research report on Tuesday, March 18th.

Bitcoin Depot Company Profile

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.