Insider Selling: Exodus Movement (NYSEAMERICAN:EXOD) CTO Sells $22,141.35 in Stock

Key Points

• Exodus CTO Matias Olivera sold shares in two transactions: 2,835 shares for $22,141.35 at $7.81 each on August 21, followed by another 2,835 shares for $21,772.80 at $7.68 each. After the sales, he directly owned 331,593 shares.
• 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 analysts expect a full-year loss of $1.46 per share.
• Wall Street maintains a generally positive view, with a consensus “Buy” rating and an average price target of $15.92, despite several analysts recently lowering their targets.

Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report) CTO Matias Olivera sold 2,835 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $7.81, for a total value of $22,141.35. Following the completion of the sale, the chief technology officer directly owned 331,593 shares in the company, valued at approximately $2,589,741.33. The trade was a 0.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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 transaction of $21,772.80.

Exodus Movement Stock Up 6.2%

Shares of EXOD stock traded up $0.47 during trading hours on Monday, hitting $7.97. 67,558 shares of the company were exchanged, compared to its average volume of 79,129. The firm has a market cap of $240.57 million, a PE 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. The firm has a fifty day moving average of $5.62 and a 200 day moving average of $7.30.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp purchased a new stake in shares of Exodus Movement in the second quarter worth about $125,000. Bank of America Corp DE lifted 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 acquiring an additional 33,281 shares in the last quarter. Impact Partnership Wealth LLC acquired a new position in Exodus Movement during the 1st quarter worth approximately $66,000. Aristides Capital LLC purchased a new position in Exodus Movement in the 4th quarter worth approximately $164,000. Finally, Invesco Ltd. grew its position in Exodus Movement by 52.8% in the fourth quarter. Invesco Ltd. now owns 15,722 shares of the company's stock valued at $233,000 after acquiring an additional 5,436 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Benchmark dropped their price objective on 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 lowered their price target on Exodus Movement from $20.00 to $16.00 and set a "buy" rating for the company in a research report on Tuesday, May 12th. Cantor Fitzgerald upped their price target on Exodus Movement from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th. Northland Securities set a $8.50 price objective on Exodus Movement in a report on Wednesday, August 12th. Finally, Zacks Research raised Exodus Movement from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. One equities research 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 stock. According to MarketBeat, Exodus Movement presently has a consensus rating of "Buy" and an average 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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