BTCS Inc. (NASDAQ:BTCS) Director Melanie Pump Sells 22,000 Shares

BTCS Inc. (NASDAQ:BTCS) Director Melanie Pump sold 22,000 shares of BTCS stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $3.49, for a total value of $76,780.00. Following the completion of the sale, the director now directly owns 38,735 shares in the company, valued at approximately $135,185.15. The trade was a 36.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

BTCS Trading Down 4.2 %

BTCS opened at $3.40 on Tuesday. The stock has a 50-day moving average of $1.75 and a 200 day moving average of $1.53. BTCS Inc. has a 12 month low of $0.95 and a 12 month high of $5.41. The firm has a market cap of $57.87 million, a P/E ratio of 8.29 and a beta of 1.55.

Hedge Funds Weigh In On BTCS

An institutional investor recently bought a new position in BTCS stock. Heron Bay Capital Management acquired a new position in shares of BTCS Inc. (NASDAQ:BTCS) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 44,435 shares of the company’s stock, valued at approximately $61,000. Heron Bay Capital Management owned 0.28% of BTCS as of its most recent SEC filing. 3.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a “buy” rating and set a $3.00 price target on shares of BTCS in a research note on Thursday, August 22nd.

About BTCS

BTCS Inc operates in blockchain technology sector the United States. Its blockchain-infrastructure secures and operates validator nodes on disruptive blockchain networks, as well as validates transactions for crypto holding delegations on dPoS blockchains. The company offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms; and Builder+, a Ethereum block builder offered to maximize validator earnings by utilizing algorithms to construct optimized blocks for on-chain validation.