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

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) CTO Matias Olivera sold 2,835 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $7.68, for a total transaction of $21,772.80. Following the completion of the transaction, the chief technology officer directly owned 328,758 shares in the company, valued at $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 is available 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 stock was sold at an average price of $7.81, for a total value of $22,141.35.

Exodus Movement Price Performance

NYSEAMERICAN EXOD opened at $7.85 on Tuesday. The stock’s 50 day simple moving average is $5.65 and its 200-day simple moving average is $7.28. The company has a market cap of $237.07 million, a PE ratio of -2.61 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 posted its quarterly earnings data on Monday, August 10th. The company reported ($0.62) EPS for the quarter. The firm had revenue of $26.23 million during 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 fiscal year.

Hedge Funds Weigh In On Exodus Movement

Several large investors have recently modified their holdings of EXOD. FTX Recovery Trust acquired a new stake in shares of Exodus Movement during the 4th quarter worth about $26,969,000. Tidal Investments LLC lifted its position in Exodus Movement by 2.7% in the third quarter. Tidal Investments LLC now owns 336,591 shares of the company’s stock valued at $9,350,000 after buying an additional 9,002 shares during the last quarter. Geode Capital Management LLC lifted its position in Exodus Movement by 16.5% in the fourth quarter. Geode Capital Management LLC now owns 136,353 shares of the company’s stock valued at $2,017,000 after buying an additional 19,304 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Exodus Movement by 47.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,343 shares of the company’s stock worth $3,010,000 after buying an additional 34,882 shares during the period. Finally, Bank of America Corp DE boosted its stake in 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 worth $218,000 after buying an additional 33,281 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EXOD. Benchmark cut their price objective on shares of Exodus Movement from $21.00 to $12.00 and set a “buy” rating for the company in a report on Monday, July 20th. Cantor Fitzgerald increased their price target on Exodus Movement from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. BTIG Research reduced 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. Zacks Research raised Exodus Movement from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Northland Securities set a $8.50 target price on Exodus Movement in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target 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.