Insider Selling: Bitcoin Depot Inc. (NASDAQ:BTM) Insider Sells 7,125 Shares of Stock

Bitcoin Depot Inc. (NASDAQ:BTM) insider Brandon Taylor Mintz sold 7,125 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $1.91, for a total transaction of $13,608.75. Following the completion of the sale, the insider now owns 689,577 shares in the company, valued at $1,317,092.07. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Wednesday, April 24th, Brandon Taylor Mintz sold 2,906,976 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.72, for a total transaction of $4,999,998.72.
• On Monday, April 1st, Brandon Taylor Mintz sold 50,000 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.73, for a total value of $86,500.00.
• On Wednesday, March 27th, Brandon Taylor Mintz sold 62,865 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.99, for a total value of $125,101.35.

Bitcoin Depot Trading Up 9.2 %

Shares of BTM stock traded up $0.16 during trading hours on Wednesday, hitting $1.89. The company had a trading volume of 64,801 shares, compared to its average volume of 335,622. Bitcoin Depot Inc. has a 12 month low of $1.36 and a 12 month high of $10.85. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 2.13. The firm’s fifty day moving average is $2.08 and its 200 day moving average is $2.30.

Bitcoin Depot (NASDAQ:BTM) last announced its quarterly 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. As a group, equities research analysts forecast that Bitcoin Depot Inc. will post 0.13 EPS for the current year.

Institutional Investors Weigh In On Bitcoin Depot

Large investors have recently made changes to their positions in the company. Cowen AND Company LLC acquired a new position in Bitcoin Depot in the third quarter valued at about $35,000. Owl Creek Asset Management L.P. acquired a new stake in Bitcoin Depot during the 4th quarter valued at $68,000. Privium Fund Management UK Ltd acquired a new position in Bitcoin Depot in the first quarter worth $60,000. Saba Capital Management L.P. bought a new stake in shares of Bitcoin Depot during the third quarter worth $305,000. Finally, Kepos Capital LP acquired a new stake in shares of Bitcoin Depot in the third quarter valued at $368,000. Institutional investors own 9.18% of the company’s stock.

Analyst Ratings Changes

BTM has been the subject of a number of recent research reports. B. Riley cut their target price on Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, March 26th. HC Wainwright dropped their price objective on shares of Bitcoin Depot from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, March 26th.

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.