Insider Selling: Bitcoin Depot Inc. (NASDAQ:BTM) COO Sells 10,229 Shares of Stock

Bitcoin Depot Inc. (NASDAQ:BTM) COO Christopher Scott Buchanan sold 10,229 shares of Bitcoin Depot stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $1.60, for a total value of $16,366.40. Following the transaction, the chief operating officer now owns 261,276 shares of the company’s stock, valued at approximately $418,041.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, July 5th, Christopher Scott Buchanan sold 4,103 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.68, for a total value of $6,893.04.
• On Tuesday, July 2nd, Christopher Scott Buchanan sold 8,443 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.70, for a total value of $14,353.10.
• On Monday, June 3rd, Christopher Scott Buchanan sold 20,000 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.90, for a total value of $38,000.00.
• On Tuesday, May 7th, Christopher Scott Buchanan sold 12,875 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.83, for a total value of $23,561.25.

Bitcoin Depot Price Performance

Bitcoin Depot stock opened at $1.53 on Thursday. Bitcoin Depot Inc. has a 12 month low of $1.33 and a 12 month high of $3.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 7.66. The business’s 50 day simple moving average is $1.75 and its 200 day simple moving average is $1.98. The company has a market cap of $91.21 million, a price-to-earnings ratio of -0.82 and a beta of -0.35.

Bitcoin Depot (NASDAQ:BTM) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.17). Bitcoin Depot had a negative net margin of 4.28% and a negative return on equity of 483.86%. The firm had revenue of $138.54 million during the quarter, compared to analysts’ expectations of $132.85 million. Sell-side analysts forecast that Bitcoin Depot Inc. will post 0.04 EPS for the current year.

Hedge Funds Weigh In On Bitcoin Depot

Several institutional investors have recently bought and sold shares of the company. Privium Fund Management UK Ltd bought a new stake in Bitcoin Depot during the 1st quarter valued at $60,000. Owl Creek Asset Management L.P. bought a new stake in Bitcoin Depot during the 4th quarter valued at $68,000. Shaolin Capital Management LLC raised its holdings in Bitcoin Depot by 7.6% during the 1st quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company’s stock valued at $1,326,000 after acquiring an additional 49,600 shares during the period. Finally, Cohanzick Management LLC raised its holdings in Bitcoin Depot by 54.4% during the 4th quarter. Cohanzick Management LLC now owns 602,000 shares of the company’s stock valued at $1,944,000 after acquiring an additional 212,000 shares during the period. Hedge funds and other institutional investors own 9.18% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and issued a $4.00 target price on shares of Bitcoin Depot in a research note on Tuesday, May 14th.

About Bitcoin Depot

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.