Edward Reginelli Sells 9,021 Shares of BTGO (NYSE:BTGO) Stock

BTGO (NYSE:BTGO) CFO Edward Reginelli sold 9,021 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 582,489 shares of the company’s stock, valued at approximately $2,848,371.21. This represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Edward Reginelli also recently made the following trade(s):

• On Wednesday, July 8th, Edward Reginelli sold 94 shares of BTGO stock. The stock was sold at an average price of $4.97, for a total value of $467.18.
• On Thursday, June 11th, Edward Reginelli sold 91 shares of BTGO stock. The stock was sold at an average price of $5.12, for a total value of $465.92.

BTGO Stock Performance

BTGO stock opened at $4.70 on Thursday. The stock has a market capitalization of $544.43 million and a PE ratio of -3.64. The stock has a fifty day simple moving average of $5.45. BTGO has a 1-year low of $4.66 and a 1-year high of $24.50.

BTGO (NYSE:BTGO) last announced its earnings results on Wednesday, May 13th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.55). The firm had revenue of $3.77 billion during the quarter. The business’s revenue was up 112.6% compared to the same quarter last year. As a group, equities research analysts forecast that BTGO will post -0.32 earnings per share for the current year.

BTGO announced that its board has initiated a share repurchase program on Wednesday, June 17th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to reacquire up to 7.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

More BTGO News

Here are the key news stories impacting BTGO this week:

• Positive Sentiment: BitGo’s board previously authorized a $50 million share-repurchase program, potentially allowing the company to buy back up to 7.9% of outstanding shares. The authorization may signal that management considers the stock undervalued, although execution and funding remain important considerations.
• Neutral Sentiment: Multiple law firms are publicizing the same pending securities class action and soliciting investors to seek lead-plaintiff status. The deadline to apply is August 7, 2026; these announcements do not represent separate lawsuits or established liability. Holzer and Holzer investor alert
• Negative Sentiment: The lawsuit alleges BitGo’s IPO offering documents and other public statements understated the impact that declining digital-asset prices could have on its business and financial performance. The claims involve investors who bought shares in or traceable to the January 2026 IPO and securities during the stated class period; the allegations have not been proven. Robbins investor alert
• Negative Sentiment: Litigation concerns compound BitGo’s latest earnings disappointment: quarterly EPS was a loss of $0.62 versus the $0.07 loss analysts expected, despite revenue increasing 112.6% year over year to $3.77 billion. Analysts expect another annual loss, reinforcing pressure on the stock’s valuation and outlook.
• Negative Sentiment: CEO Michael Belshe sold 38,691 shares and CFO Edward Reginelli sold 9,021 shares at approximately $4.89 per share. Both companies said the sales were made to cover tax withholding tied to vested equity awards, which reduces the bearish significance but still adds to near-term selling pressure. BTGO insider sales report

Analyst Upgrades and Downgrades

BTGO has been the subject of a number of recent research reports. Wall Street Zen downgraded BTGO from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. Mizuho lowered their target price on shares of BTGO from $17.00 to $14.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Cantor Fitzgerald restated an “overweight” rating on shares of BTGO in a research report on Monday, June 22nd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of BTGO in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, BTGO currently has an average rating of “Moderate Buy” and an average target price of $15.14.

About BTGO

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.