Christopher Scott Buchanan Sells 20,000 Shares of Bitcoin Depot Inc. (NASDAQ:BTM) Stock

Bitcoin Depot Inc. (NASDAQ:BTMGet Free Report) COO Christopher Scott Buchanan sold 20,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $1.90, for a total value of $38,000.00. Following the completion of the sale, the chief operating officer now directly owns 311,276 shares of the company’s stock, valued at approximately $591,424.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • 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.
  • On Monday, April 29th, Christopher Scott Buchanan sold 50,000 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.75, for a total value of $87,500.00.
  • On Wednesday, March 20th, Christopher Scott Buchanan sold 14,512 shares of Bitcoin Depot stock. The stock was sold at an average price of $2.48, for a total transaction of $35,989.76.

Bitcoin Depot Trading Down 0.5 %

NASDAQ:BTM opened at $1.95 on Friday. The stock’s 50 day moving average price is $1.86 and its 200 day moving average price is $2.21. The company has a debt-to-equity ratio of 7.66, a quick ratio of 1.16 and a current ratio of 1.16. Bitcoin Depot Inc. has a 52 week low of $1.36 and a 52 week high of $10.42.

Bitcoin Depot (NASDAQ:BTMGet Free Report) last posted its earnings results on Monday, April 15th. The company reported ($0.50) EPS for the quarter. The business had revenue of $148.41 million during the quarter. Bitcoin Depot had a negative return on equity of 483.86% and a negative net margin of 4.28%. On average, analysts forecast that Bitcoin Depot Inc. will post 0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bitcoin Depot

Several hedge funds have recently bought and sold shares of BTM. Cowen AND Company LLC acquired a new stake in shares of Bitcoin Depot in the third quarter worth about $35,000. Owl Creek Asset Management L.P. acquired a new stake in Bitcoin Depot in the 4th quarter worth approximately $68,000. Privium Fund Management UK Ltd bought a new stake in Bitcoin Depot during the first quarter worth approximately $60,000. Shaolin Capital Management LLC boosted its position in Bitcoin Depot by 7.6% during the first quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company’s stock worth $1,326,000 after purchasing an additional 49,600 shares during the period. Finally, Saba Capital Management L.P. acquired a new position in Bitcoin Depot during the third quarter valued at approximately $305,000. 9.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BTM has been the topic of a number of research analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $4.00 price objective on shares of Bitcoin Depot in a research report on Tuesday, May 14th. B. Riley cut their price objective on Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating for the company in a report on Tuesday, March 26th.

Check Out Our Latest Stock Analysis on Bitcoin Depot

Bitcoin Depot Company Profile

(Get Free Report)

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.

Recommended Stories

Insider Buying and Selling by Quarter for Bitcoin Depot (NASDAQ:BTM)

Receive News & Ratings for Bitcoin Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bitcoin Depot and related companies with MarketBeat.com's FREE daily email newsletter.