Matias Olivera Sells 2,835 Shares of Exodus Movement (NYSEAMERICAN:EXOD) Stock

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) CTO Matias Olivera sold 2,835 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $7.81, for a total value of $22,141.35. Following the completion of the transaction, the chief technology officer directly owned 331,593 shares in the company, valued at $2,589,741.33. This trade represents a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, August 24th, Matias Olivera sold 2,835 shares of Exodus Movement stock. The stock was sold at an average price of $7.68, for a total value of $21,772.80.

Exodus Movement Price Performance

EXOD stock opened at $9.69 on Wednesday. The stock has a market capitalization of $292.64 million, a P/E ratio of -3.22 and a beta of 1.90. Exodus Movement, Inc. has a 1-year low of $4.57 and a 1-year high of $32.92. The business has a fifty day moving average price of $5.70 and a 200-day moving average price of $7.27.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Exodus Movement

Several institutional investors and hedge funds have recently bought and sold shares of EXOD. Geode Capital Management LLC grew its holdings in Exodus Movement by 109.0% during the second quarter. Geode Capital Management LLC now owns 121,757 shares of the company’s stock valued at $3,511,000 after purchasing an additional 63,501 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Exodus Movement in the second quarter worth about $2,118,000. Tidal Investments LLC purchased a new position in shares of Exodus Movement during the 2nd quarter valued at about $9,444,000. Vident Advisory LLC purchased a new position in shares of Exodus Movement during the 2nd quarter valued at about $369,000. Finally, Millennium Management LLC grew its stake in shares of Exodus Movement by 46.5% during the 3rd quarter. Millennium Management LLC now owns 17,812 shares of the company’s stock valued at $495,000 after acquiring an additional 5,651 shares during the period.

About Exodus Movement

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.