Exodus Movement (NYSEAMERICAN:EXOD) CFO Sells $41,762.70 in Stock

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) CFO James Gernetzke sold 5,682 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $7.35, for a total value of $41,762.70. Following the completion of the transaction, the chief financial officer owned 463,988 shares of the company’s stock, valued at $3,410,311.80. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Exodus Movement Price Performance

Shares of EXOD opened at $7.41 on Monday. The stock has a market cap of $223.78 million, a PE ratio of -2.46 and a beta of 2.02. Exodus Movement, Inc. has a 12-month low of $4.57 and a 12-month high of $32.92. The business has a 50-day simple moving average of $6.01 and a two-hundred day simple moving average of $7.12.

Exodus Movement (NYSEAMERICAN:EXOD) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.62) EPS for the quarter. The firm had revenue of $26.23 million for the quarter. Exodus Movement had a negative net margin of 79.87% and a negative return on equity of 36.07%. On average, equities research analysts expect that Exodus Movement, Inc. will post -1.46 EPS for the current year.

Institutional Investors Weigh In On Exodus Movement

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in Exodus Movement by 109.0% in the second quarter. Geode Capital Management LLC now owns 121,757 shares of the company’s stock worth $3,511,000 after purchasing an additional 63,501 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Exodus Movement during the 2nd quarter worth approximately $2,118,000. Tidal Investments LLC acquired a new stake in shares of Exodus Movement during the 2nd quarter worth approximately $9,444,000. Vident Advisory LLC bought a new stake in shares of Exodus Movement in the 2nd quarter valued at $369,000. Finally, Millennium Management LLC increased its stake in shares of Exodus Movement by 46.5% in 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 in the last quarter.

Analysts Set New Price Targets

Several research firms have recently issued reports on EXOD. Benchmark dropped their price target on shares of Exodus Movement from $21.00 to $12.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Cantor Fitzgerald boosted their price objective on shares of Exodus Movement from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. BTIG Research decreased their price objective on Exodus Movement from $20.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Northland Securities set a $8.50 target price on Exodus Movement in a research report on Wednesday, August 12th. Finally, Zacks Research raised Exodus Movement from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $15.92.

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.