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

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

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 value 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 Stock Performance

BTM stock opened at $1.57 on Friday. Bitcoin Depot Inc. has a one year low of $1.33 and a one year high of $3.70. The firm has a market cap of $93.60 million, a price-to-earnings ratio of -0.84 and a beta of -0.35. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a 50-day simple moving average of $1.66 and a two-hundred day simple moving average of $1.89.

Analysts Set New Price Targets

Separately, HC Wainwright dropped their target price on Bitcoin Depot from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Thursday, August 15th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings in Bitcoin Depot by 122.1% in the second 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 last quarter. Shaolin Capital Management LLC boosted its position in shares of Bitcoin Depot by 7.6% in 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 in the last quarter. Privium Fund Management UK Ltd purchased a new position in Bitcoin Depot during the 1st quarter worth $60,000. Owl Creek Asset Management L.P. purchased a new stake in Bitcoin Depot in the fourth quarter valued at about $68,000. Finally, Cohanzick Management LLC boosted its holdings in Bitcoin Depot by 54.4% in the fourth quarter. Cohanzick Management LLC now owns 602,000 shares of the company’s stock worth $1,944,000 after acquiring an additional 212,000 shares in the last quarter. Institutional investors own 9.18% of the company’s stock.

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.