American Bitcoin (NASDAQ:ABTC) Director Justin Mateen Purchases 144,543 Shares
American Bitcoin Corp. (NASDAQ:ABTC - Get Free Report) Director Justin Mateen bought 144,543 shares of the business's stock in a transaction dated Wednesday, August 5th. The stock was purchased at an average price of $6. 40 per share, with a total value of $925,075. 20. Following the purchase, the director directly owned 329,859 shares of the company's stock, valued at $2,111,097. 60. The trade was a 78. 00% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
American Bitcoin Corp. (NASDAQ:ABTC-Get Free Report) DirectorJustin Mateenbought 144,543 shares of American Bitcoin stock in a transaction that occurred on Wednesday, August 5th. The stock was bought at an average price of $6. 40 per share, with a total value of $925,075. 20. Following the completion of the acquisition, the director owned 329,859 shares in the company, valued at approximately $2,111,097. 60. The trade was a 78. 00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available throughthis link. The Great Pivot: Bitcoin Miners Are Becoming AI’s LandlordsJustin Mateen also recently made the following trade(s):On Thursday, August 6th, Justin Mateen bought 162,438 shares of American Bitcoin stock. The shares were bought at an average cost of $6. 19 per share, with a total value of $1,005,491. 22. GetAmerican Bitcoinalerts:American Bitcoin Stock Up 4. 5%ABTC stocktraded up $0. 28 during midday trading on Friday, hitting $6. 47. 1,148,724 shares of the company traded hands, compared to its average volume of 1,080,810. American Bitcoin Corp. has a twelve month low of $4. 92 and a twelve month high of $217. 80. The stock has a market capitalization of $458. 72 million, a price-to-earnings ratio of -2. 12 and a beta of 3. 86. The business has a 50 day simple moving average of $9. 09 and a 200-day simple moving average of $14. 29. American Bitcoin (NASDAQ:ABTC-Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported ($0. 80) earnings per share for the quarter. American Bitcoin had a negative return on equity of 29. 89% and a negative net margin of 71. 75%. The firm had revenue of $67. 01 million during the quarter. Institutional Inflows and OutflowsSeveral institutional investors and hedge funds have recently made changes to their positions in ABTC. Solari Capital Management LLC acquired a new position in shares of American Bitcoin during the third quarter valued at about $317,612,000. Charles Schwab Investment Management Inc. bought a new position in American Bitcoin during the fourth quarter valued at about $5,285,000. Providence Capital Advisors LLC bought a new position in American Bitcoin during the fourth quarter valued at about $4,244,000. State Street Corp increased its stake in American Bitcoin by 3,933. 2% during the fourth quarter. State Street Corp now owns 2,392,690 shares of the company's stock valued at $4,068,000 after acquiring an additional 2,333,365 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in American Bitcoin in the 1st quarter valued at approximately $1,589,000. Institutional investors own 10. 21% of the company's stock. Wall Street Analysts Forecast GrowthABTC has been the subject of several research analyst reports. Zacks Research raised American Bitcoin from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 28th. Maxim Group set a $15. 00 target price on American Bitcoin and gave the company a "buy" rating in a report on Tuesday, July 21st. Finally,Weiss Ratingsreaffirmed a "sell (d)" rating on shares of American Bitcoin in a research report on Wednesday, June 24th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $45. 00. Get Our Latest Report on ABTCAbout American Bitcoin(Get Free Report)Gryphon Digital Mining is an innovative venture in the bitcoin space. Gryphon Digital Mining, formerly known as Akerna Corp. , is based in DENVER. 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