Brandon Taylor Mintz Sells 2,906,976 Shares of Bitcoin Depot Inc. (NASDAQ:BTM) Stock

Bitcoin Depot Inc. (NASDAQ:BTM) insider Brandon Taylor Mintz sold 2,906,976 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $1.72, for a total value of $4,999,998.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, April 1st, Brandon Taylor Mintz sold 50,000 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.73, for a total value of $86,500.00.
• On Wednesday, March 27th, Brandon Taylor Mintz sold 62,865 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.99, for a total value of $125,101.35.

Bitcoin Depot Stock Performance

NASDAQ:BTM opened at $1.80 on Friday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.81 and a current ratio of 0.81. Bitcoin Depot Inc. has a 1 year low of $1.36 and a 1 year high of $10.86. The stock’s fifty day moving average price is $2.15 and its two-hundred day moving average price is $2.35.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Cowen AND Company LLC purchased a new stake in shares of Bitcoin Depot during the third quarter worth about $35,000. Owl Creek Asset Management L.P. purchased a new stake in shares of Bitcoin Depot during the fourth quarter worth about $68,000. Saba Capital Management L.P. purchased a new stake in shares of Bitcoin Depot during the third quarter worth about $305,000. Kepos Capital LP purchased a new stake in shares of Bitcoin Depot during the third quarter worth about $368,000. Finally, Cohanzick Management LLC boosted its holdings in shares of 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 during the period. Institutional investors own 9.18% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on BTM. B. Riley lowered their price objective on Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, March 26th. HC Wainwright dropped their price objective on Bitcoin Depot from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, March 26th.

About Bitcoin Depot

Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. It provides users to buy and sell bitcoin, litecoin, and ethereum cryptocurrencies; and engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering and through its website over the counter trade.