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 Monday, August 24th. The shares were sold at an average price of $7.68, for a total value of $21,772.80. Following the transaction, the chief technology officer owned 328,758 shares in the company, valued at approximately $2,524,861.44. This represents a 0.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 transaction of $22,141.35.

Exodus Movement Price Performance

Shares of Exodus Movement stock opened at $9.69 on Wednesday. Exodus Movement, Inc. has a 1 year low of $4.57 and a 1 year high of $32.92. The firm’s 50-day moving average is $5.70 and its two-hundred day moving average is $7.27. The stock has a market cap of $292.64 million, a price-to-earnings ratio of -3.22 and a beta of 1.90.

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

Institutional Investors Weigh In On Exodus Movement

A number of large investors have recently made changes to their positions in EXOD. Royal Bank of Canada raised its stake in 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 acquiring an additional 3,008 shares during the last quarter. Impact Partnership Wealth LLC purchased a new stake in Exodus Movement during the 1st quarter valued at about $66,000. Bank of New York Mellon Corp acquired a new position in shares of Exodus Movement in the second quarter valued at about $125,000. Aristides Capital LLC acquired a new position in shares of Exodus Movement in the fourth quarter valued at about $164,000. Finally, Bank of America Corp DE raised its stake in shares of 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 worth $218,000 after purchasing an additional 33,281 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Zacks Research upgraded Exodus Movement from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Cantor Fitzgerald raised their price objective on Exodus Movement from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Benchmark reduced their target price 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. BTIG Research reduced their target price 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. Finally, Northland Securities set a $8.50 price target on shares of Exodus Movement in a research report on Wednesday, August 12th. 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 company’s stock. According to MarketBeat.com, the stock has a consensus 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.