Bitcoin Depot Inc. (NASDAQ:BTM) Major Shareholder Andrew Mitchell Paul Buys 19,422 Shares

Bitcoin Depot Inc. (NASDAQ:BTM) major shareholder Andrew Mitchell Paul purchased 19,422 shares of the business’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $1.54 per share, for a total transaction of $29,909.88. Following the transaction, the insider now owns 19,422 shares of the company’s stock, valued at $29,909.88. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Andrew Mitchell Paul also recently made the following trade(s):

• On Monday, August 12th, Andrew Mitchell Paul purchased 38,560 shares of Bitcoin Depot stock. The shares were purchased at an average cost of $1.70 per share, for a total transaction of $65,552.00.
• On Friday, August 9th, Andrew Mitchell Paul bought 97,804 shares of Bitcoin Depot stock. The stock was bought at an average cost of $1.66 per share, for a total transaction of $162,354.64.

Bitcoin Depot Trading Down 0.6 %

NASDAQ:BTM opened at $1.55 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 9.33. Bitcoin Depot Inc. has a 12-month low of $1.33 and a 12-month high of $3.70. The firm has a market cap of $93.17 million, a P/E ratio of -0.83 and a beta of -0.34. The stock’s 50 day simple moving average is $1.64 and its 200-day simple moving average is $1.81.

Bitcoin Depot (NASDAQ:BTM) last posted its quarterly earnings results on Thursday, August 15th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.16). Bitcoin Depot had a negative net margin of 3.10% and a negative return on equity of 307.37%. The business had revenue of $163.07 million during the quarter, compared to analysts’ expectations of $148.49 million. Equities analysts anticipate that Bitcoin Depot Inc. will post -0.09 EPS for the current year.

Analyst Upgrades and Downgrades

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 report on Thursday, August 15th.

Institutional Trading of Bitcoin Depot

A number of institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC boosted its stake in shares of Bitcoin Depot by 122.1% in the second quarter. Renaissance Technologies LLC now owns 47,300 shares of the company’s stock valued at $85,000 after buying an additional 26,000 shares in the last quarter. Shaolin Capital Management LLC boosted its position in Bitcoin Depot by 7.6% during the first 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 stake in Bitcoin Depot during the first quarter worth $60,000. Owl Creek Asset Management L.P. purchased a new stake in Bitcoin Depot during the fourth quarter worth $68,000. Finally, Cohanzick Management LLC boosted its position in Bitcoin Depot by 54.4% during the fourth 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 in the last quarter. 9.18% of the stock is currently owned by hedge funds and other institutional investors.

Bitcoin Depot Company Profile

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.