Insider Selling: Bitcoin Depot Inc. (NASDAQ:BTM) Insider Sells 2,906,976 Shares of Stock

Bitcoin Depot Inc. (NASDAQ:BTM) insider Brandon Taylor Mintz sold 2,906,976 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $1.72, for a total value of $4,999,998.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Brandon Taylor Mintz also recently made the following trade(s):

• On Monday, April 1st, Brandon Taylor Mintz sold 50,000 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.73, for a total transaction of $86,500.00.
• On Wednesday, March 27th, Brandon Taylor Mintz sold 62,865 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.99, for a total transaction of $125,101.35.

Bitcoin Depot Stock Performance

Shares of NASDAQ:BTM remained flat at $1.80 during trading on Friday. The stock had a trading volume of 57,798 shares, compared to its average volume of 355,194. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a 50 day simple moving average of $2.15 and a 200-day simple moving average of $2.35. Bitcoin Depot Inc. has a fifty-two week low of $1.36 and a fifty-two week high of $10.86.

Analyst Ratings Changes

A number of research firms recently commented on BTM. HC Wainwright decreased their price target 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. B. Riley lowered their price target 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.

Institutional Trading of Bitcoin Depot

Several hedge funds and other institutional investors have recently modified their holdings of the company. Shaolin Capital Management LLC acquired a new stake in Bitcoin Depot in the 3rd quarter valued at $11,244,000. AWM Investment Company Inc. bought a new stake in Bitcoin Depot during the third quarter worth about $2,464,000. Cohanzick Management LLC boosted its position in Bitcoin Depot by 54.4% during the fourth quarter. Cohanzick Management LLC now owns 602,000 shares of the company’s stock valued at $1,944,000 after purchasing an additional 212,000 shares during the last quarter. Radcliffe Capital Management L.P. acquired a new position in Bitcoin Depot during the third quarter valued at approximately $1,075,000. Finally, Meteora Capital LLC bought a new position in Bitcoin Depot in the third quarter valued at approximately $902,000. Institutional investors and hedge funds own 9.18% of the company’s stock.

Bitcoin Depot Company Profile

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.