Melanie Pump Sells 22,000 Shares of BTCS Inc. (NASDAQ:BTCS) Stock

BTCS Inc. (NASDAQ:BTCS) Director Melanie Pump sold 22,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were 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 trade represents a 36.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

BTCS Price Performance

NASDAQ BTCS traded down $0.15 during trading on Monday, reaching $3.40. 1,053,571 shares of the company’s stock were exchanged, compared to its average volume of 921,976. The business has a 50 day moving average price of $1.71 and a 200-day moving average price of $1.52. The stock has a market capitalization of $57.87 million, a P/E ratio of 8.66 and a beta of 1.55. BTCS Inc. has a fifty-two week low of $0.95 and a fifty-two week high of $5.41.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BTCS stock. Virtu Financial LLC acquired a new position in shares of BTCS Inc. (NASDAQ:BTCS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 23,458 shares of the company’s stock, valued at approximately $27,000. Virtu Financial LLC owned 0.14% of BTCS at the end of the most recent reporting period. Institutional investors own 3.48% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright reaffirmed 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.