Bitcoin Depot Inc. (NASDAQ:BTM – Get Free Report) insider Brandon Taylor Mintz sold 7,125 shares of Bitcoin Depot stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $1.91, for a total transaction of $13,608.75. Following the completion of the sale, the insider now directly owns 689,577 shares in the company, valued at approximately $1,317,092.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Brandon Taylor Mintz also recently made the following trade(s):
- On Wednesday, April 24th, Brandon Taylor Mintz sold 2,906,976 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.72, for a total transaction of $4,999,998.72.
- On Monday, April 1st, Brandon Taylor Mintz sold 50,000 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.73, for a total value of $86,500.00.
- On Wednesday, March 27th, Brandon Taylor Mintz sold 62,865 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.99, for a total value of $125,101.35.
Bitcoin Depot Price Performance
BTM stock traded up $0.16 during midday trading on Wednesday, hitting $1.89. 64,801 shares of the stock were exchanged, compared to its average volume of 335,622. The stock’s 50-day moving average price is $2.08 and its 200-day moving average price is $2.30. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.81 and a current ratio of 0.81. Bitcoin Depot Inc. has a fifty-two week low of $1.36 and a fifty-two week high of $10.85.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Meteora Capital LLC acquired a new stake in shares of Bitcoin Depot during the third quarter valued at $902,000. Shaolin Capital Management LLC purchased a new stake in Bitcoin Depot in the 3rd quarter worth approximately $11,244,000. Saba Capital Management L.P. purchased a new position in shares of Bitcoin Depot during the 3rd quarter worth $305,000. Cowen AND Company LLC acquired a new stake in shares of Bitcoin Depot during the third quarter worth $35,000. Finally, Kepos Capital LP purchased a new stake in shares of Bitcoin Depot in the third quarter valued at $368,000. 9.18% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. B. Riley reduced their target price on Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating for the company in a report on Tuesday, March 26th. HC Wainwright reduced their price objective on shares of Bitcoin Depot from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, March 26th.
Check Out Our Latest Research Report on Bitcoin Depot
About Bitcoin Depot
Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. It provides users to buy and sell bitcoin, litecoin, and ethereum cryptocurrencies; and engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering and through its website over the counter trade.
See Also
- Five stocks we like better than Bitcoin Depot
- Investing in Travel Stocks Benefits
- Lucid’s Stock Price is Still in Reverse: New Lows Are Coming
- Election Stocks: How Elections Affect the Stock Market
- Generac Powers Ahead on the Electrification Mega-Trend
- Investing in Commodities: What Are They? How to Invest in Them
- PulteGroup Wins and Wins More on Interest Rate Cuts
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.