BTCS Inc. (NASDAQ:BTCS) Director Sells $76,780.00 in Stock

BTCS Inc. (NASDAQ:BTCS) Director Melanie Pump sold 22,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $3.49, for a total value of $76,780.00. Following the transaction, the director now directly owns 38,735 shares of the company’s stock, valued at $135,185.15. This represents a 36.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

BTCS Price Performance

Shares of BTCS stock opened at $3.38 on Wednesday. The company has a market cap of $57.53 million, a PE ratio of 8.24 and a beta of 1.55. The firm has a fifty day moving average price of $1.80 and a two-hundred day moving average price of $1.54. BTCS Inc. has a fifty-two week low of $0.95 and a fifty-two week high of $5.41.

Institutional Investors Weigh In On BTCS

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

Wall Street Analyst Weigh In

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

BTCS Company Profile

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.