BTCS Inc. (NASDAQ:BTCS) Director Sells $76,780.00 in Stock

BTCS Inc. (NASDAQ:BTCS) Director Melanie Pump sold 22,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $3.49, for a total value of $76,780.00. Following the completion of the transaction, the director now directly owns 38,735 shares in the company, valued at approximately $135,185.15. This represents a 36.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BTCS Trading Up 11.5 %

Shares of NASDAQ:BTCS opened at $3.77 on Thursday. The stock’s 50-day moving average price is $1.85 and its 200-day moving average price is $1.56. BTCS Inc. has a 12-month low of $0.95 and a 12-month high of $5.41. The stock has a market capitalization of $64.18 million, a P/E ratio of 9.20 and a beta of 1.55.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and issued a $3.00 target price on shares of BTCS in a research note on Thursday, August 22nd.

Institutional Trading of BTCS

A hedge fund recently bought a new stake in BTCS stock. Virtu Financial LLC bought a new position in shares of BTCS Inc. (NASDAQ:BTCS) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 23,458 shares of the company’s stock, valued at approximately $27,000. Virtu Financial LLC owned 0.14% of BTCS at the end of the most recent quarter. 3.48% of the stock is currently owned by institutional investors and hedge funds.

About BTCS

BTCS Inc operates in blockchain technology sector the United States. Its blockchain-infrastructure secures and operates validator nodes on disruptive blockchain networks, as well as validates transactions for crypto holding delegations on dPoS blockchains. The company offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms; and Builder+, a Ethereum block builder offered to maximize validator earnings by utilizing algorithms to construct optimized blocks for on-chain validation.