Insider Selling: Exodus Movement (NYSEAMERICAN:EXOD) CTO Sells 2,835 Shares of Stock

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) CTO Matias Olivera sold 2,835 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $8.35, for a total transaction of $23,672.25. Following the completion of the sale, the chief technology officer directly owned 323,088 shares in the company, valued at approximately $2,697,784.80. This represents a 0.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Matias Olivera also recently made the following trade(s):

• On Monday, August 24th, Matias Olivera sold 2,835 shares of Exodus Movement stock. The shares were sold at an average price of $7.68, for a total transaction of $21,772.80.
• On Friday, August 21st, Matias Olivera sold 2,835 shares of Exodus Movement stock. The shares were sold at an average price of $7.81, for a total transaction of $22,141.35.

Exodus Movement Trading Up 6.3%

Shares of Exodus Movement stock traded up $0.53 during trading hours on Thursday, reaching $8.90. 190,885 shares of the company’s stock were exchanged, compared to its average volume of 82,889. The company has a 50 day moving average of $5.74 and a two-hundred day moving average of $7.27. Exodus Movement, Inc. has a fifty-two week low of $4.57 and a fifty-two week high of $32.92. The stock has a market cap of $268.75 million, a P/E ratio of -2.94 and a beta of 1.90.

Exodus Movement (NYSEAMERICAN:EXOD) last released its earnings results on Monday, August 10th. The company reported ($0.62) earnings per share (EPS) for the quarter. Exodus Movement had a negative net margin of 79.87% and a negative return on equity of 36.07%. The company had revenue of $26.23 million during the quarter. As a group, analysts expect that Exodus Movement, Inc. will post -1.46 earnings per share for the current fiscal year.

Institutional Trading of Exodus Movement

A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new position in shares of Exodus Movement during the 2nd quarter worth approximately $125,000. Bank of America Corp DE raised its stake in Exodus Movement by 17,155.2% in the 1st quarter. Bank of America Corp DE now owns 33,475 shares of the company’s stock valued at $218,000 after acquiring an additional 33,281 shares during the period. Impact Partnership Wealth LLC acquired a new stake in Exodus Movement during the 1st quarter valued at $66,000. Aristides Capital LLC acquired a new stake in Exodus Movement during the 4th quarter valued at $164,000. Finally, Invesco Ltd. boosted its position in Exodus Movement by 52.8% during the fourth quarter. Invesco Ltd. now owns 15,722 shares of the company’s stock worth $233,000 after purchasing an additional 5,436 shares during the period.

Wall Street Analyst Weigh In

Several research firms have weighed in on EXOD. Zacks Research raised Exodus Movement from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Cantor Fitzgerald increased their price objective on Exodus Movement from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. BTIG Research lowered their target price on shares of Exodus Movement from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Northland Securities set a $8.50 target price on shares of Exodus Movement in a report on Wednesday, August 12th. Finally, Benchmark dropped their price target on shares of Exodus Movement from $21.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $15.92.

Exodus Movement Company Profile

Exodus Movement, Inc is a software company focused on developing user-friendly tools for managing digital assets. Its flagship product, the Exodus Wallet, is a non-custodial cryptocurrency wallet available on desktop and mobile platforms. The wallet enables users to secure, send, receive and exchange a broad range of digital currencies while retaining full control of their private keys. With built-in portfolio tracking and an integrated exchange feature powered by third-party liquidity providers, Exodus offers a one-stop interface for both newcomers and experienced crypto enthusiasts.

Since its initial release in mid-2016, Exodus has expanded support to over 100 cryptocurrencies and tokens, including major assets such as Bitcoin, Ethereum and Litecoin as well as numerous ERC-20 tokens.