Wall Street Zen Upgrades BTGO (NYSE:BTGO) to “Hold”

BTGO (NYSE:BTGO) was upgraded by analysts at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday.

BTGO Stock Up 11.7%

Shares of BTGO opened at $13.47 on Friday. BTGO has a 52-week low of $11.82 and a 52-week high of $24.50.

Insider Activity at BTGO

In other BTGO news, insider Jeff Peter Horowitz sold 116,007 shares of the stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $16.74, for a total transaction of $1,941,957.18. Following the completion of the transaction, the insider directly owned 311,118 shares of the company’s stock, valued at approximately $5,208,115.32. This trade represents a 27.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Chen Fang sold 250,000 shares of BTGO stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $16.74, for a total value of $4,185,000.00. Following the transaction, the executive owned 1,233,491 shares in the company, valued at approximately $20,648,639.34. This trade represents 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 ninety days.

BTGO Company Profile

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.