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

BTCS Inc. (NASDAQ:BTCS) Director Melanie Pump sold 22,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $3.49, for a total transaction 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

BTCS Price Performance

Shares of BTCS stock opened at $3.77 on Thursday. BTCS Inc. has a 1-year low of $0.95 and a 1-year high of $5.41. The company’s fifty day simple moving average is $1.85 and its 200-day simple moving average is $1.56. The stock has a market capitalization of $64.18 million, a PE ratio of 9.20 and a beta of 1.55.

Institutional Trading of BTCS

A hedge fund recently bought a new stake in BTCS stock. Virtu Financial LLC bought a new position in BTCS Inc. (NASDAQ:BTCS) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 23,458 shares of the company’s stock, valued at approximately $27,000. Virtu Financial LLC owned about 0.14% of BTCS as of its most recent SEC filing. Institutional investors own 3.48% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and set a $3.00 price target on shares of BTCS in a research report 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.