Brandon Taylor Mintz Sells 62,865 Shares of Bitcoin Depot Inc. (NASDAQ:BTM) Stock

Bitcoin Depot Inc. (NASDAQ:BTM) insider Brandon Taylor Mintz sold 62,865 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $1.99, for a total transaction of $125,101.35. Following the completion of the transaction, the insider now directly owns 759,567 shares in the company, valued at $1,511,538.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bitcoin Depot Stock Performance

Shares of NASDAQ BTM traded down $0.01 during midday trading on Friday, reaching $1.90. 228,582 shares of the stock were exchanged, compared to its average volume of 257,476. The business has a 50-day simple moving average of $2.35 and a two-hundred day simple moving average of $2.47. Bitcoin Depot Inc. has a 12 month low of $1.88 and a 12 month high of $11.15. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 3.16.

Analyst Upgrades and Downgrades

BTM has been the topic of a number of recent research reports. Northland Securities initiated coverage on shares of Bitcoin Depot in a research note on Wednesday, December 20th. They issued a “market perform” rating and a $3.50 price objective on the stock. B. Riley reduced their price target on shares of Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, HC Wainwright reduced their price target 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.

Hedge Funds Weigh In On Bitcoin Depot

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Meteora Capital LLC bought a new stake in Bitcoin Depot in the 3rd quarter valued at $902,000. Shaolin Capital Management LLC bought a new stake in Bitcoin Depot in the 3rd quarter valued at $11,244,000. Exchange Traded Concepts LLC bought a new stake in Bitcoin Depot in the 3rd quarter valued at $703,000. Saba Capital Management L.P. bought a new stake in Bitcoin Depot in the 3rd quarter valued at $305,000. Finally, Cowen AND Company LLC bought a new stake in Bitcoin Depot in the 3rd quarter valued at $35,000. 9.18% of the stock is owned by institutional investors.

Bitcoin Depot Company Profile

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.