BTCS Inc. (NASDAQ:BTCS – Get Free Report)’s stock price traded down 1.9% on Friday . The company traded as low as $0.9807 and last traded at $1.03. Approximately 417,683 shares changed hands during trading, a decline of 31% from the average session volume of 606,140 shares. The stock had previously closed at $1.05.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of BTCS in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.00.
Check Out Our Latest Stock Analysis on BTCS
BTCS Trading Down 1.9%
Insider Transactions at BTCS
In other BTCS news, CEO Charles W. Allen sold 168,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $1.22, for a total transaction of $204,960.00. Following the sale, the chief executive officer directly owned 6,844,033 shares in the company, valued at $8,349,720.26. This represents a 2.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 685,000 shares of company stock worth $812,110 in the last 90 days. 16.90% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. State Street Corp increased its stake in BTCS by 1,286.2% during the 4th quarter. State Street Corp now owns 2,529,760 shares of the company’s stock worth $6,679,000 after buying an additional 2,347,260 shares during the period. Vanguard Group Inc. boosted its position in BTCS by 354.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,008,400 shares of the company’s stock valued at $9,701,000 after buying an additional 1,565,996 shares during the period. Renaissance Technologies LLC boosted its position in BTCS by 192.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,057,100 shares of the company’s stock valued at $1,469,000 after buying an additional 695,555 shares during the period. Geode Capital Management LLC grew its stake in shares of BTCS by 16.5% in the fourth quarter. Geode Capital Management LLC now owns 1,156,661 shares of the company’s stock worth $3,054,000 after acquiring an additional 164,113 shares in the last quarter. Finally, 683 Capital Management LLC acquired a new position in shares of BTCS in the fourth quarter worth $428,000. Institutional investors and hedge funds own 3.48% of the company’s stock.
BTCS Company Profile
BTCS, Inc (NASDAQ: BTCS) is a digital asset technology company focused on blockchain infrastructure and related investments. Originally founded in 2012 as Bitcoin Shop, Inc, the company pivoted in 2018 to concentrate on blockchain technology applications, digital asset management and strategic investments in early-stage ventures. BTCS holds a diversified portfolio that includes cryptocurrency mining equipment, digital wallets, and equity stakes in promising blockchain startups.
In its mining operations, BTCS acquires and manages mining hardware to secure blockchain networks and generate newly minted digital tokens.
Featured Stories
- Five stocks we like better than BTCS
- Netflix’s Big Sell-Off May Be Sending the Wrong Signal
- Popular’s Earnings Beat Shows Why This Bank Stock Keeps Climbing
- ABB’s Rotork Deal Could Put These Flow Control Stocks Back in Focus
- GE HealthCare Stock Climbs on Vital Diagnostics Demand
Receive News & Ratings for BTCS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BTCS and related companies with MarketBeat.com's FREE daily email newsletter.
