Insider Selling: Exodus Movement (NYSEAMERICAN:EXOD) CTO Sells $21,772.80 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 Monday, August 24th. The stock was sold at an average price of $7.68, for a total transaction of $21,772.80. Following the sale, the chief technology officer directly owned 328,758 shares in the company, valued at $2,524,861.44. This trade represents a 0.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 value of $22,141.35.

Exodus Movement Trading Down 13.6%

Shares of EXOD opened at $8.37 on Thursday. Exodus Movement, Inc. has a 12-month low of $4.57 and a 12-month high of $32.92. The company has a market cap of $252.77 million, a PE ratio of -2.78 and a beta of 1.90. The stock has a 50-day moving average price of $5.74 and a 200-day moving average price of $7.27.

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Benchmark cut 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 report on Monday, July 20th. BTIG Research reduced 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 raised their target price 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 upgraded Exodus Movement from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Northland Securities set a $8.50 price objective on shares of Exodus Movement in a report on Wednesday, August 12th. One investment 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $15.92.

Institutional Trading of Exodus Movement

Large investors have recently made changes to their positions in the stock. Vontobel Holding Ltd. raised its stake in Exodus Movement by 9.3% during the 4th 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 during the last quarter. Vident Advisory LLC boosted its stake in shares of Exodus Movement by 10.8% in the 4th quarter. Vident Advisory LLC now owns 22,881 shares of the company’s stock worth $338,000 after buying an additional 2,229 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Exodus Movement by 42,971.4% in the 4th 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 during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Exodus Movement by 20.2% in the first quarter. Bank of New York Mellon Corp now owns 24,526 shares of the company’s stock worth $159,000 after acquiring an additional 4,124 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Exodus Movement by 52.8% in the fourth quarter. Invesco Ltd. now owns 15,722 shares of the company’s stock worth $233,000 after acquiring an additional 5,436 shares during the period.

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.