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

Bitcoin Depot Inc. (NASDAQ:BTM) COO Christopher Scott Buchanan sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $1.56, for a total transaction of $31,200.00. Following the completion of the transaction, the chief operating officer now directly owns 241,276 shares of the company’s stock, valued at approximately $376,390.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 shares were sold at an average price of $1.68, for a total transaction of $6,893.04.
• On Tuesday, July 2nd, Christopher Scott Buchanan sold 8,443 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.70, for a total transaction of $14,353.10.

Bitcoin Depot Trading Down 0.6 %

NASDAQ BTM opened at $1.57 on Friday. Bitcoin Depot Inc. has a 12 month low of $1.33 and a 12 month high of $3.70. The company has a 50-day moving average of $1.66 and a 200-day moving average of $1.90. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $93.60 million, a P/E ratio of -0.84 and a beta of -0.35.

Institutional Trading of Bitcoin Depot

Institutional investors have recently modified their holdings of the company. Privium Fund Management UK Ltd purchased a new stake in shares of Bitcoin Depot during the 1st quarter worth about $60,000. Owl Creek Asset Management L.P. purchased a new stake in shares of Bitcoin Depot during the 4th quarter worth about $68,000. Renaissance Technologies LLC grew its holdings in shares of Bitcoin Depot by 122.1% during the 2nd quarter. Renaissance Technologies LLC now owns 47,300 shares of the company’s stock worth $85,000 after purchasing an additional 26,000 shares during the period. Shaolin Capital Management LLC grew its holdings in shares of Bitcoin Depot by 7.6% during the 1st 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, Cohanzick Management LLC grew its holdings in shares of Bitcoin Depot by 54.4% during the 4th quarter. Cohanzick Management LLC now owns 602,000 shares of the company’s stock worth $1,944,000 after purchasing an additional 212,000 shares during the period. Hedge funds and other institutional investors own 9.18% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright dropped their price objective on shares of Bitcoin Depot from $4.00 to $3.50 and set a “buy” rating for the company in a research note on Thursday, August 15th.

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.