Renaissance Technologies LLC Boosts Stock Holdings in BTCS Inc. (NASDAQ:BTCS)

Renaissance Technologies LLC boosted its position in BTCS Inc. (NASDAQ:BTCS) by 242.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 127,391 shares of the company’s stock after purchasing an additional 90,171 shares during the period. Renaissance Technologies LLC owned about 0.75% of BTCS worth $315,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in shares of BTCS in the 3rd quarter valued at approximately $27,000. SBI Securities Co. Ltd. purchased a new position in BTCS in the fourth quarter worth $44,000. Geode Capital Management LLC lifted its holdings in BTCS by 10.6% in the fourth quarter. Geode Capital Management LLC now owns 98,019 shares of the company’s stock valued at $242,000 after acquiring an additional 9,404 shares during the period. Finally, Invesco Ltd. purchased a new stake in shares of BTCS during the 4th quarter worth $294,000. Hedge funds and other institutional investors own 3.48% of the company’s stock.

Insider Activity at BTCS

In related news, CEO Charles W. Allen sold 65,000 shares of the stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $1.44, for a total value of $93,600.00. Following the sale, the chief executive officer now directly owns 4,178,622 shares of the company’s stock, valued at approximately $6,017,215.68. This represents a 1.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.80% of the stock is currently owned by company insiders.

BTCS Stock Down 4.5 %

Shares of BTCS opened at $1.71 on Tuesday. BTCS Inc. has a 52-week low of $0.95 and a 52-week high of $5.41. The company has a 50-day simple moving average of $1.71 and a 200-day simple moving average of $2.40. The company has a market capitalization of $27.37 million, a PE ratio of 4.17 and a beta of 1.09.

BTCS (NASDAQ:BTCS) last issued its earnings results on Thursday, March 20th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.29). BTCS had a net margin of 366.80% and a negative return on equity of 15.42%. The company had revenue of $2.20 million during the quarter, compared to analysts’ expectations of $2.20 million. On average, research analysts anticipate that BTCS Inc. will post -0.08 EPS for the current year.

BTCS Company Profile

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.