BTGO (NYSE:BTGO) Stock Falls 11.1% – Should You Sell?

14 Oct 2026, 19:41 by Danessa Lincoln · The Markets Daily

Shares of BTGO (NYSE:BTGO – Get Free Report) were down 11.1% during mid-day trading on Wednesday. The stock traded as low as $6.22 and last traded at $6.2250. 670,316 shares changed hands during trading, a decline of 49% from the average session volume of 1,316,181 shares. The stock had previously closed at $7.00.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BTGO shares. Wells Fargo & Company dropped their price objective on shares of BTGO from $13.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, August 13th. Citigroup reduced their target price on shares of BTGO from $17.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Rosenblatt Securities lowered their target price on BTGO from $15.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Mizuho lowered their target price on BTGO from $14.00 to $11.00 and set an “outperform” rating for the company in a report on Friday, August 14th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of BTGO in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.77.

View Our Latest Stock Report on BTGO

BTGO Trading Down 10.7%

The stock has a market cap of $735.04 million and a P/E ratio of -4.31. The company has a 50 day simple moving average of $6.86 and a 200 day simple moving average of $7.12.

BTGO (NYSE:BTGO – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.13). The firm had revenue of $4.33 billion for the quarter. As a group, sell-side analysts expect that BTGO will post -0.27 earnings per share for the current year.

BTGO declared that its Board of Directors has approved a stock buyback program on Wednesday, June 17th that allows the company to repurchase $50.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 7.9% of its shares through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at BTGO

In other BTGO news, CFO Edward Reginelli sold 9,021 shares of BTGO stock in a transaction on Friday, July 24th. The shares were sold at an average price of $4.89, for a total value of $44,112.69. Following the sale, the chief financial officer directly owned 582,489 shares in the company, valued at approximately $2,848,371.21. The trade was a 1.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael Belshe sold 38,691 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $4.89, for a total transaction of $189,198.99. Following the transaction, the chief executive officer owned 798,464 shares of the company’s stock, valued at approximately $3,904,488.96. This represents a 4.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 48,134 shares of company stock valued at $235,430 in the last 90 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC acquired a new stake in shares of BTGO in the 2nd quarter valued at approximately $10,327,000. ParaFi Capital LP bought a new position in shares of BTGO in the second quarter valued at $1,939,000. Finally, State Street Corp bought a new position in shares of BTGO in the second quarter valued at $1,202,000.

BTGO Company Profile

(Get Free Report)

BitGo Holdings, Inc (NYSE: BTGO) is a digital asset infrastructure company that provides custody, security, trading and financial services for institutional participants in the cryptocurrency market. Its platform is designed to help businesses securely store, manage and transact in digital assets.

The company’s services include institutional cryptocurrency custody, hot and cold wallet solutions, settlement, staking, lending and trading-related services. BitGo also provides technology and operational infrastructure intended to support asset managers, exchanges, financial institutions, corporations and other organizations involved with digital assets.