Insider Selling: Exodus Movement (NYSEAMERICAN:EXOD) CTO Sells 2,835 Shares

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) CTO Matias Olivera sold 2,835 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $7.68, for a total value of $21,772.80. Following the completion of the sale, the chief technology officer owned 328,758 shares of the company’s stock, valued at approximately $2,524,861.44. This represents a 0.85% decrease in their ownership of the stock. The sale 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 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 Trading Up 6.2%

EXOD stock traded up $0.47 during trading on Monday, reaching $7.97. The stock had a trading volume of 67,558 shares, compared to its average volume of 79,129. The firm has a fifty day moving average price of $5.62 and a 200 day moving average price of $7.30. The company has a market capitalization of $240.57 million, a P/E ratio of -2.65 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 announced its earnings results on Monday, August 10th. The company reported ($0.62) earnings per share (EPS) for the quarter. Exodus Movement had a negative return on equity of 36.07% and a negative net margin of 79.87%.The business had revenue of $26.23 million for the quarter. Sell-side analysts predict 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 EXOD shares. Cantor Fitzgerald increased their price target 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. Zacks Research raised Exodus Movement from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Benchmark cut their price objective 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. BTIG Research reduced their target price on Exodus Movement from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, Northland Securities set a $8.50 target price on Exodus Movement in a research report on Wednesday, August 12th. One research 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 stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $15.92.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EXOD. Royal Bank of Canada grew its position in shares of Exodus Movement by 42,971.4% during the 4th quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock valued at $44,000 after buying an additional 3,008 shares during the last quarter. Impact Partnership Wealth LLC bought a new position in Exodus Movement in the first quarter worth about $66,000. Bank of New York Mellon Corp acquired a new position in Exodus Movement in the second quarter valued at approximately $125,000. Aristides Capital LLC acquired a new position in Exodus Movement in the fourth quarter valued at approximately $164,000. Finally, Bank of America Corp DE grew 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 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.