BTGO (NYSE:BTGO) Hits New 1-Year Low – Here’s What Happened

Shares of BTGO (NYSE:BTGO) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $9.66 and last traded at $10.02, with a volume of 180473 shares changing hands. The stock had previously closed at $10.46.

Analysts Set New Price Targets

Separately, Wall Street Zen raised BTGO to a “hold” rating in a report on Saturday, January 31st.

BTGO Trading Up 5.1%

Insiders Place Their Bets

In related news, CFO Edward Reginelli sold 45,000 shares of the firm’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $16.74, for a total value of $753,300.00. Following the sale, the chief financial officer directly owned 539,000 shares of the company’s stock, valued at approximately $9,022,860. This trade represents a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Chen Fang sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $16.74, for a total transaction of $4,185,000.00. Following the completion of the sale, the executive owned 1,233,491 shares of the company’s stock, valued at approximately $20,648,639.34. The trade was a 16.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 436,007 shares of company stock worth $7,298,757 over the last 90 days.

About BTGO

BitGo Holdings Inc is the digital asset infrastructure company delivering custody, wallets, staking, trading, financing, stablecoins and settlement services from regulated cold storage. BitGo Holdings Inc is based in NEW YORK.