Exodus Movement (NYSEAMERICAN:EXOD) CFO Sells $39,276.16 in Stock

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) CFO James Gernetzke sold 5,579 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $7.04, for a total transaction of $39,276.16. Following the completion of the transaction, the chief financial officer directly owned 458,409 shares of the company’s stock, valued at approximately $3,227,199.36. The trade was a 1.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

James Gernetzke also recently made the following trade(s):

• On Thursday, September 3rd, James Gernetzke sold 5,682 shares of Exodus Movement stock. The stock was sold at an average price of $7.35, for a total value of $41,762.70.

Exodus Movement Stock Performance

EXOD stock traded up $0.01 during midday trading on Tuesday, reaching $6.86. 20,965 shares of the company traded hands, compared to its average volume of 83,417. Exodus Movement, Inc. has a 52-week low of $4.57 and a 52-week high of $32.21. The firm has a market capitalization of $207.17 million, a price-to-earnings ratio of -2.28 and a beta of 2.05. The business has a 50 day moving average of $6.82 and a 200-day moving average of $6.64.

Exodus Movement (NYSEAMERICAN:EXOD) last announced its earnings results on Monday, August 10th. The company reported ($0.62) earnings per share for the quarter. Exodus Movement had a negative net margin of 79.87% and a negative return on equity of 36.07%. The firm had revenue of $26.23 million during the quarter. Research analysts anticipate that Exodus Movement, Inc. will post -1.54 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in shares of Exodus Movement in the second quarter valued at about $125,000. Bank of America Corp DE lifted its holdings in shares of Exodus Movement by 17,155.2% during the first quarter. Bank of America Corp DE now owns 33,475 shares of the company’s stock worth $218,000 after purchasing an additional 33,281 shares during the period. Impact Partnership Wealth LLC acquired a new stake in shares of Exodus Movement during the first quarter worth about $66,000. Aristides Capital LLC purchased a new stake in Exodus Movement in the fourth quarter valued at approximately $164,000. Finally, FTX Recovery Trust purchased a new stake in Exodus Movement in the fourth quarter valued at approximately $26,969,000.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EXOD. Zacks Research upgraded Exodus Movement from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Northland Securities set a $8.50 price target on Exodus Movement in a research note on Wednesday, August 12th. Cantor Fitzgerald boosted 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 cut their price objective on Exodus Movement from $16.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, September 15th. Finally, Benchmark reduced their target price on Exodus Movement from $21.00 to $12.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $15.25.

About Exodus Movement

Exodus Movement, Inc develops and operates non-custodial cryptocurrency wallet software. Its products enable users to store, manage, send and receive digital assets while retaining control of their private keys. The company’s wallet is available through desktop and mobile applications and supports a broad range of cryptocurrencies and blockchain networks.

In addition to wallet functionality, Exodus provides services that can include in-wallet cryptocurrency swaps, staking and access to decentralized applications and other Web3 features.