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

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) CTO Matias Olivera sold 2,835 shares of the business’s 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 owned 323,088 shares in the company, valued at approximately $2,697,784.80. The trade was a 0.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 Stock Down 14.3%

EXOD stock opened at $7.96 on Friday. Exodus Movement, Inc. has a twelve month low of $4.57 and a twelve month high of $32.92. The company has a market cap of $240.39 million, a PE ratio of -2.64 and a beta of 1.90. The business’s 50-day simple moving average is $5.84 and its 200 day simple moving average is $7.26.

Exodus Movement (NYSEAMERICAN:EXOD) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.62) earnings per share (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%. On average, equities research analysts anticipate that Exodus Movement, Inc. will post -1.46 EPS for the current year.

Institutional Investors Weigh In On Exodus Movement

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its holdings 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 in the last quarter. Impact Partnership Wealth LLC bought a new position in shares of Exodus Movement during the 1st quarter worth approximately $66,000. Bank of New York Mellon Corp acquired a new stake in Exodus Movement in the 2nd quarter valued at $125,000. Aristides Capital LLC acquired a new stake in Exodus Movement in the 4th quarter valued at $164,000. Finally, Bank of America Corp DE grew its position 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 acquiring an additional 33,281 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EXOD shares. BTIG Research lowered their price objective on Exodus Movement from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Northland Securities set a $8.50 target price on Exodus Movement in a research report on Wednesday, August 12th. Cantor Fitzgerald lifted their price target on shares of Exodus Movement from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Benchmark lowered their price target on shares of Exodus Movement from $21.00 to $12.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Finally, Zacks Research upgraded shares of Exodus Movement from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $15.92.

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.