Exodus Movement (NYSEAMERICAN:EXOD) CTO Sells $21,772.80 in Stock

Key Points

• CTO insider sale: Matias Olivera sold 2,835 Exodus Movement shares for $21,772.80 at an average price of $7.68, reducing his ownership by 0.85% to 328,758 shares. He also sold 2,835 shares the prior week for $22,141.35.
• Stock performance and financials: EXOD shares rose 6.2% to $7.97, but the company reported a quarterly loss of $0.62 per share, a negative net margin of 79.87%, and $26.23 million in revenue.
• Analyst outlook remains positive: Analysts have a consensus “Buy” rating and an average price target of $15.92, despite some firms recently lowering their targets.

Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report) CTO Matias Olivera sold 2,835 shares of the 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 completion of the sale, the chief technology officer owned 328,758 shares in the company, valued at approximately $2,524,861.44. The trade was a 0.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $7.81, for a total value of $22,141.35.

Exodus Movement Stock Up 6.2%

Exodus Movement 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 stock has a market cap of $240.57 million, a PE ratio of -2.65 and a beta of 1.90. The business has a 50 day moving average price of $5.62 and a 200 day moving average price of $7.30. Exodus Movement, Inc. has a 52-week low of $4.57 and a 52-week high of $32.92.

Exodus Movement (NYSEAMERICAN:EXOD - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.62) earnings per share 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 predict that Exodus Movement, Inc. will post -1.46 EPS for the current fiscal year.

Institutional Trading of Exodus Movement

Several large investors have recently bought and sold shares of EXOD. Geode Capital Management LLC grew its stake in Exodus Movement by 109.0% in the 2nd quarter. Geode Capital Management LLC now owns 121,757 shares of the company's stock valued at $3,511,000 after acquiring an additional 63,501 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Exodus Movement in the 2nd quarter valued at $2,118,000. Tidal Investments LLC purchased a new position in Exodus Movement during the second quarter worth about $9,444,000. Vident Advisory LLC acquired a new stake in shares of Exodus Movement in the second quarter worth approximately $369,000. Finally, Millennium Management LLC grew its stake in shares of Exodus Movement by 46.5% during the 3rd quarter. Millennium Management LLC now owns 17,812 shares of the company's stock valued at $495,000 after buying an additional 5,651 shares during the period.

Analyst Upgrades and Downgrades

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source