Christopher Scott Buchanan Sells 12,875 Shares of Bitcoin Depot Inc. (NASDAQ:BTM) Stock

Bitcoin Depot Inc. (NASDAQ:BTM) COO Christopher Scott Buchanan sold 12,875 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $1.83, for a total transaction of $23,561.25. Following the completion of the transaction, the chief operating officer now owns 331,276 shares in the company, valued at $606,235.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, April 29th, Christopher Scott Buchanan sold 50,000 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.75, for a total transaction 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 value of $35,989.76.

Bitcoin Depot Price Performance

BTM traded up $0.16 during mid-day trading on Wednesday, hitting $1.89. 64,801 shares of the stock were exchanged, compared to its average volume of 335,622. The firm’s fifty day moving average is $2.08 and its two-hundred day moving average is $2.30. Bitcoin Depot Inc. has a 1-year low of $1.36 and a 1-year high of $10.85. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.81 and a quick ratio of 0.81.

Bitcoin Depot (NASDAQ:BTM) last issued its quarterly earnings results on Monday, April 15th. The company reported ($0.50) earnings per share (EPS) for the quarter. The firm had revenue of $148.41 million for the quarter. As a group, sell-side analysts expect that Bitcoin Depot Inc. will post 0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bitcoin Depot

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BTM. Cowen AND Company LLC acquired a new position in shares of Bitcoin Depot during the third quarter worth about $35,000. Privium Fund Management UK Ltd purchased a new position in Bitcoin Depot in the first quarter worth approximately $60,000. Owl Creek Asset Management L.P. acquired a new position in Bitcoin Depot during the 4th quarter worth approximately $68,000. Saba Capital Management L.P. purchased a new stake in shares of Bitcoin Depot in the 3rd quarter valued at approximately $305,000. Finally, Kepos Capital LP acquired a new stake in shares of Bitcoin Depot in the 3rd quarter valued at $368,000. Hedge funds and other institutional investors own 9.18% of the company’s stock.

Wall Street Analyst Weigh In

BTM has been the topic of a number of recent analyst reports. HC Wainwright decreased their target price on shares of Bitcoin Depot from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, March 26th. B. Riley decreased their price objective on shares of Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Tuesday, March 26th.

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.