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 firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $7.81, for a total transaction of $22,141.35. Following the sale, the chief technology officer directly owned 331,593 shares of the company’s stock, valued at approximately $2,589,741.33. The trade was a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 stock was sold at an average price of $7.68, for a total transaction of $21,772.80.

Exodus Movement Trading Up 6.2%

EXOD stock traded up $0.47 during trading on Monday, reaching $7.97. The stock had a trading volume of 67,558 shares, compared to its average volume of 79,129. The firm has a fifty day moving average price of $5.62 and a 200 day moving average price of $7.30. The company has a market capitalization of $240.57 million, a P/E ratio of -2.64 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 announced its earnings results on Monday, August 10th. The company reported ($0.62) earnings per share (EPS) for the quarter. The business 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%. Sell-side analysts predict that Exodus Movement, Inc. will post -1.46 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. FTX Recovery Trust acquired a new stake in shares of Exodus Movement during the fourth quarter worth $26,969,000. Tidal Investments LLC acquired a new stake in Exodus Movement during the 2nd quarter worth about $9,444,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Exodus Movement during the second quarter valued at about $2,118,000. Geode Capital Management LLC boosted its holdings in shares of Exodus Movement by 109.0% in the second quarter. Geode Capital Management LLC now owns 121,757 shares of the company’s stock worth $3,511,000 after buying an additional 63,501 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of 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 valued at $218,000 after acquiring an additional 33,281 shares during the period.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EXOD shares. Northland Securities set a $8.50 price objective on shares of Exodus Movement in a research note on Wednesday, August 12th. Zacks Research upgraded shares of Exodus Movement from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. BTIG Research decreased their price objective on shares of Exodus Movement from $20.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Cantor Fitzgerald raised their price objective on shares of Exodus Movement from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Finally, Benchmark cut their target price on Exodus Movement from $21.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, July 20th. One 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price 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.