Insider Selling: Exodus Movement (NYSEAMERICAN:EXOD) CTO Sells $23,672.25 in Stock

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

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 stock was sold at an average price of $7.81, for a total transaction of $22,141.35.

Exodus Movement Price Performance

NYSEAMERICAN:EXOD opened at $7.96 on Friday. Exodus Movement, Inc. has a one year low of $4.57 and a one year high of $32.92. The company has a market cap of $240.39 million, a PE ratio of -2.64 and a beta of 1.90. The firm’s 50 day simple moving average is $5.84 and its 200 day simple moving average is $7.26.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EXOD shares. 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. Cantor Fitzgerald lifted their target price on Exodus Movement from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Zacks Research upgraded Exodus Movement from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Benchmark decreased their price target on Exodus Movement from $21.00 to $12.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Finally, Northland Securities set a $8.50 price target on Exodus Movement in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $15.92.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in shares of Exodus Movement during the second quarter worth $125,000. Bank of America Corp DE raised its stake in 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 buying an additional 33,281 shares during the last quarter. Impact Partnership Wealth LLC acquired a new position in Exodus Movement in the first quarter valued at $66,000. Aristides Capital LLC acquired a new position in Exodus Movement in the fourth 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 valued at $233,000 after acquiring an additional 5,436 shares during the last quarter.

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.