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

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) CTO Matias Olivera sold 2,835 shares of Exodus Movement stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $8.35, for a total transaction of $23,672.25. Following the transaction, the chief technology officer directly owned 323,088 shares in the company, valued at $2,697,784.80. This trade represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 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 Price Performance

Shares of NYSEAMERICAN EXOD opened at $9.29 on Friday. The company has a 50 day simple moving average of $5.80 and a 200-day simple moving average of $7.26. The company has a market capitalization of $280.56 million, a P/E ratio of -3.09 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.

Exodus Movement (NYSEAMERICAN:EXOD) last released 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%. As a group, research analysts expect that Exodus Movement, Inc. will post -1.46 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Northland Securities set a $8.50 price target on Exodus Movement in a research note on Wednesday, August 12th. Cantor Fitzgerald raised their price objective on Exodus Movement from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Zacks Research upgraded shares of Exodus Movement from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. BTIG Research decreased their target price on shares of Exodus Movement from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Finally, Benchmark decreased 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. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $15.92.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. FTX Recovery Trust acquired a new stake in shares of Exodus Movement during the 4th quarter worth about $26,969,000. Tidal Investments LLC lifted its stake in Exodus Movement by 2.7% during the third quarter. Tidal Investments LLC now owns 336,591 shares of the company’s stock worth $9,350,000 after purchasing an additional 9,002 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Exodus Movement by 16.5% in the fourth quarter. Geode Capital Management LLC now owns 136,353 shares of the company’s stock valued at $2,017,000 after purchasing an additional 19,304 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Exodus Movement by 47.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,343 shares of the company’s stock valued at $3,010,000 after purchasing an additional 34,882 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Exodus Movement by 17,155.2% in the first quarter. Bank of America Corp DE now owns 33,475 shares of the company’s stock valued at $218,000 after purchasing an additional 33,281 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.