James Gernetzke Sells 5,682 Shares of Exodus Movement (NYSEAMERICAN:EXOD) Stock

Key Points

• CFO James Gernetzke sold 5,682 Exodus Movement shares at an average price of $7.35, generating $41,762.70. The sale covered tax-withholding obligations tied to vested equity awards and reduced his holdings by 1.21%.
• Exodus shares recently traded at $7.64, with a market capitalization of approximately $230.9 million. The company reported a quarterly loss of $0.62 per share, $26.23 million in revenue, and a negative net margin of 79.87%.
• Analysts maintain an overall “Buy” rating, with an average price target of $15.92, while institutional investors—including FTX Recovery Trust and Tidal Investments—have recently established or expanded positions.

Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report) CFO James Gernetzke sold 5,682 shares of the firm's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $7.35, for a total value of $41,762.70. Following the completion of the transaction, the chief financial officer owned 463,988 shares of the company's stock, valued at $3,410,311.80. The trade was a 1.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Exodus Movement Stock Performance

EXOD traded up $0.34 on Friday, hitting $7.64. 16,172 shares of the company were exchanged, compared to its average volume of 83,841. Exodus Movement, Inc. has a 12 month low of $4.57 and a 12 month high of $32.92. The company has a market cap of $230.88 million, a PE ratio of -2.54 and a beta of 2.02. The stock's fifty day moving average is $5.97 and its 200-day moving average is $7.15.

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. 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%. As a group, equities research analysts expect that Exodus Movement, Inc. will post -1.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Exodus Movement

Institutional investors have recently made changes to their positions in the company. FTX Recovery Trust bought a new position in shares of Exodus Movement during the fourth quarter worth approximately $26,969,000. Tidal Investments LLC bought a new stake in Exodus Movement in the 2nd quarter valued at $9,444,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Exodus Movement in the 2nd quarter valued at $2,118,000. Geode Capital Management LLC grew its holdings 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 buying an additional 63,501 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Exodus Movement by 17,155.2% during the 1st 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.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald boosted 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. Benchmark cut their price target on shares of Exodus Movement from $21.00 to $12.00 and set a "buy" rating for the company in a research note on Monday, July 20th. Northland Securities set a $8.50 price objective on shares of Exodus Movement in a research report on Wednesday, August 12th. BTIG Research dropped their target price on shares of Exodus Movement from $20.00 to $16.00 and set a "buy" rating on the stock in a report on Tuesday, May 12th. Finally, Zacks Research upgraded Exodus Movement from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company 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.

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