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

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) CTO Matias Olivera sold 2,835 shares of the company’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 sale, the chief technology officer owned 331,593 shares in the company, valued at approximately $2,589,741.33. The trade was a 0.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 Stock Performance

Shares of EXOD opened at $7.85 on Tuesday. Exodus Movement, Inc. has a 52-week low of $4.57 and a 52-week high of $32.92. The business’s 50 day moving average price is $5.65 and its two-hundred day moving average price is $7.28. The firm has a market cap of $237.07 million, a PE ratio of -2.61 and a beta of 1.90.

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

Wall Street Analyst Weigh In

EXOD has been the subject of several research analyst reports. 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. Northland Securities set a $8.50 price target on Exodus Movement in a research note on Wednesday, August 12th. BTIG Research cut their price target on Exodus Movement from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Cantor Fitzgerald boosted their price objective on Exodus Movement from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Finally, Zacks Research upgraded Exodus Movement from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Exodus Movement has a consensus rating of “Buy” and an average target price of $15.92.

Hedge Funds Weigh In On Exodus Movement

Several large investors have recently added to or reduced their stakes in the business. FTX Recovery Trust purchased a new stake in shares of Exodus Movement in the fourth quarter worth approximately $26,969,000. Vident Advisory LLC boosted its position in shares of Exodus Movement by 10.8% during the fourth quarter. Vident Advisory LLC now owns 22,881 shares of the company’s stock valued at $338,000 after buying an additional 2,229 shares during the last quarter. Royal Bank of Canada boosted its position 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 valued at $44,000 after buying an additional 3,008 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in Exodus Movement by 9.3% during the fourth quarter. Vontobel Holding Ltd. now owns 15,266 shares of the company’s stock worth $226,000 after buying an additional 1,295 shares in the last quarter. Finally, Aristides Capital LLC purchased a new stake in Exodus Movement in the 4th quarter valued at $164,000.

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.