Crypto Co (OTCMKTS:CRCW), a company specializing in computer processing and data preparation, has reported a recent transaction involving its CEO, Ron Levy. According to the latest SEC filings, Levy acquired Series A Preferred Stock in the company.
The transaction, which took place on September 5, 2024, saw Levy add 10 shares of Series A Preferred Stock to his holdings at no cost. The shares were granted by the company as an employee bonus. Following this transaction, Levy's direct ownership in the company includes these 10 shares of Series A Preferred Stock.
The disclosure, which provides a snapshot of Levy's transactions in Crypto Co's securities, also notes that he directly owns a substantial number of common shares and vested options. However, the filing specifies that the beneficial ownership reported only accounts for the Series A Preferred Stock directly owned by Levy and does not include the 531,697,692 shares of common stock, the 1,250,000 vested options, or shares owned by entities that may be deemed indirectly beneficially owned by him.
Investors often keep a close eye on insider transactions as they can provide insights into executives' perspectives on the company's performance and future. The acquisition of shares by a CEO can be seen as a positive signal about the company's prospects.
Crypto Co has not reported any sales of stock by its CEO in the recent filing. The company, which has undergone a name change from CROE, Inc. to Crypto Co, is incorporated in Nevada and has its business address in Malibu, California.
InvestingPro Insights
Crypto Co (OTCMKTS:CRCW) CEO Ron Levy's recent acquisition of Series A Preferred Stock as an employee bonus reflects his ongoing investment in the company. While this insider transaction might be seen as a positive signal by investors, it's important to consider the broader financial context of Crypto Co as revealed by recent data and analysis.
InvestingPro Data shows that Crypto Co has a market capitalization of just 2.28 million USD, indicating it's a smaller player in the market. The company's revenue for the last twelve months as of Q2 2024 stood at 0.18 million USD, with a significant revenue decline of 69.7% during the same period. This financial performance is further underscored by a gross profit margin of 33.84%, which although healthy, is overshadowed by an operating income margin of -1989.82%, indicating substantial operational losses.
An InvestingPro Tip suggests that Crypto Co's stock price has experienced considerable volatility, with a 17.95% return over the last month, yet a substantial 61.34% decline over the last six months. This volatility is a critical factor for investors to consider, as it may affect the stability of their investment in the short term.
Furthermore, the company's P/E ratio stands at -0.55, and with a price/book ratio of -0.49, it suggests that the market has low confidence in the company's asset value or profitability. Additionally, Crypto Co does not pay a dividend to shareholders, which could be a deciding factor for income-focused investors.
For those interested in a deeper dive into the company's metrics and to access additional InvestingPro Tips, there are 11 more available at https://www.investing.com/pro/CRCW, offering further insights into Crypto Co's financial health and stock performance.
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