Christopher Scott Buchanan Sells 10,000 Shares of Bitcoin Depot Inc. (NASDAQ:BTM) Stock

Bitcoin Depot Inc. (NASDAQ:BTM) COO Christopher Scott Buchanan sold 10,000 shares of Bitcoin Depot stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $1.51, for a total value of $15,100.00. Following the transaction, the chief operating officer now owns 231,276 shares of the company’s stock, valued at $349,226.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, September 3rd, Christopher Scott Buchanan sold 20,000 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.56, for a total value of $31,200.00.
• On Friday, August 2nd, Christopher Scott Buchanan sold 10,229 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.60, for a total transaction of $16,366.40.
• On Friday, July 5th, Christopher Scott Buchanan sold 4,103 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.68, for a total transaction of $6,893.04.

Bitcoin Depot Stock Up 2.0 %

Shares of BTM opened at $1.50 on Friday. The stock has a market capitalization of $89.42 million, a PE ratio of -0.80 and a beta of -0.35. Bitcoin Depot Inc. has a 12 month low of $1.33 and a 12 month high of $3.70. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 9.33. The firm’s 50 day moving average is $1.61 and its 200-day moving average is $1.77.

Bitcoin Depot (NASDAQ:BTM) last announced its quarterly earnings data on Thursday, August 15th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.16). The company had revenue of $163.07 million during the quarter, compared to analyst estimates of $148.49 million. Bitcoin Depot had a negative net margin of 3.10% and a negative return on equity of 307.37%. Equities research analysts forecast that Bitcoin Depot Inc. will post -0.09 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Owl Creek Asset Management L.P. bought a new position in Bitcoin Depot in the 4th quarter valued at about $68,000. Privium Fund Management UK Ltd acquired a new stake in shares of Bitcoin Depot during the 1st quarter worth approximately $60,000. Renaissance Technologies LLC increased its stake in Bitcoin Depot by 122.1% in the second quarter. Renaissance Technologies LLC now owns 47,300 shares of the company’s stock valued at $85,000 after acquiring an additional 26,000 shares during the last quarter. Finally, Shaolin Capital Management LLC increased its stake in Bitcoin Depot by 7.6% in the first 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 last quarter. Institutional investors and hedge funds own 9.18% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright decreased their target price on Bitcoin Depot from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Thursday, August 15th.

Bitcoin Depot Company Profile

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.