Insider Selling: Bitcoin Depot Inc. (NASDAQ:BTM) CEO Sells $15,251.00 in Stock

Bitcoin Depot Inc. (NASDAQ:BTM) CEO Brandon Taylor Mintz sold 10,100 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $1.51, for a total transaction of $15,251.00. Following the sale, the chief executive officer now directly owns 419,148 shares of the company’s stock, valued at approximately $632,913.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Brandon Taylor Mintz also recently made the following trade(s):

• On Thursday, September 5th, Brandon Taylor Mintz sold 10,000 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.55, for a total transaction of $15,500.00.
• On Thursday, August 1st, Brandon Taylor Mintz sold 9,771 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.66, for a total transaction of $16,219.86.

Bitcoin Depot Stock Up 2.0 %

NASDAQ BTM opened at $1.50 on Friday. The stock has a 50 day moving average price of $1.61 and a 200-day moving average price of $1.76. Bitcoin Depot Inc. has a one year low of $1.33 and a one year high of $3.70. 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 company has a market capitalization of $89.42 million, a P/E ratio of -0.80 and a beta of -0.35.

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Owl Creek Asset Management L.P. purchased a new position in Bitcoin Depot during the fourth quarter worth $68,000. Privium Fund Management UK Ltd bought a new stake in shares of Bitcoin Depot in the 1st quarter worth about $60,000. Renaissance Technologies LLC lifted its holdings in shares of Bitcoin Depot by 122.1% in the 2nd quarter. Renaissance Technologies LLC now owns 47,300 shares of the company’s stock worth $85,000 after acquiring an additional 26,000 shares during the last quarter. Finally, Shaolin Capital Management LLC boosted its position in shares of Bitcoin Depot by 7.6% during the first quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company’s stock valued at $1,326,000 after buying an additional 49,600 shares during the period. Hedge funds and other 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.