Insider Selling: Exodus Movement (NYSEAMERICAN:EXOD) CTO Sells $22,141.35 in Stock

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) CTO Matias Olivera sold 2,835 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $7.81, for a total value of $22,141.35. Following the completion of the transaction, the chief technology officer owned 331,593 shares in the company, valued at $2,589,741.33. This trade represents a 0.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $7.68, for a total value of $21,772.80.

Exodus Movement Price Performance

Shares of Exodus Movement stock opened at $8.37 on Thursday. The firm has a market cap of $252.77 million, a price-to-earnings ratio of -2.78 and a beta of 1.90. The stock has a 50-day simple moving average of $5.74 and a 200-day simple moving average of $7.27. Exodus Movement, Inc. has a 52-week low of $4.57 and a 52-week high of $32.92.

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

Hedge Funds Weigh In On Exodus Movement

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its holdings in shares of Exodus Movement by 42,971.4% during the fourth quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock worth $44,000 after buying an additional 3,008 shares in the last quarter. Impact Partnership Wealth LLC bought a new position in Exodus Movement in the 1st quarter valued at $66,000. Aristides Capital LLC acquired a new position in Exodus Movement in the fourth quarter worth $164,000. Vident Advisory LLC bought a new stake in shares of Exodus Movement during the second quarter worth $369,000. Finally, Vontobel Holding Ltd. increased its stake in shares of Exodus Movement by 9.3% in the fourth quarter. Vontobel Holding Ltd. now owns 15,266 shares of the company’s stock valued at $226,000 after buying an additional 1,295 shares in the last quarter.

Analysts Set New Price Targets

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