Insider Selling: Exodus Movement (NYSEAMERICAN:EXOD) CTO Sells $23,672.25 in Stock

Key Points

• CTO Matias Olivera sold 2,835 Exodus Movement shares for $23,672.25 at an average price of $8.35, reducing his position by 0.87% to 323,088 shares. This followed two similar sales totaling about $43,914 earlier in the month.
• Exodus shares rose 6.3% to $8.90, but the company remains unprofitable, reporting a quarterly loss of $0.62 per share, $26.23 million in revenue and a negative 79.87% net margin.
• Analysts maintain a consensus “Buy” rating with a $15.92 target price, while institutional investors—including FTX Recovery Trust and Tidal Investments—have recently established or expanded positions.

Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report) CTO Matias Olivera sold 2,835 shares of the company's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $8.35, for a total transaction of $23,672.25. Following the sale, the chief technology officer owned 323,088 shares of the company's stock, valued at $2,697,784.80. The trade was a 0.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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 value of $21,772.80.
• 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 Stock Up 6.3%

Shares of Exodus Movement stock traded up $0.53 during trading on Thursday, reaching $8.90. 190,885 shares of the company were exchanged, compared to its average volume of 82,889. The business has a 50-day moving average price of $5.74 and a 200-day moving average price of $7.27. The firm has a market capitalization of $268.75 million, a price-to-earnings ratio of -2.94 and a beta of 1.90. Exodus Movement, Inc. has a twelve month low of $4.57 and a twelve month high of $32.92.

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

Institutional Trading of Exodus Movement

Hedge funds have recently bought and sold shares of the stock. FTX Recovery Trust acquired a new position in shares of Exodus Movement during the fourth quarter worth about $26,969,000. Tidal Investments LLC acquired a new stake in Exodus Movement in the 2nd quarter valued at approximately $9,444,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Exodus Movement in the 2nd quarter valued at approximately $2,118,000. Geode Capital Management LLC lifted 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 in the last quarter. Finally, Bank of America Corp DE lifted its stake in Exodus Movement by 17,155.2% in the 1st 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 in the last quarter.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Northland Securities set a $8.50 price objective on shares of Exodus Movement in a research note on Wednesday, August 12th. Cantor Fitzgerald increased their target price on shares of Exodus Movement from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Zacks Research raised shares of Exodus Movement from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. Benchmark decreased their price target 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. Finally, BTIG Research lowered their price objective on shares of Exodus Movement from $20.00 to $16.00 and set a "buy" rating for the company in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Exodus Movement presently has a consensus rating of "Buy" and a consensus target price 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.

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