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In a recent SEC filing, Daniel Castagnoli, Director and a 10% owner of Exodus Movement, Inc. (NASDAQ:EXOD), reported the sale of 192 shares of the company’s Class A common stock. The transaction comes amid EXOD’s remarkable 605% surge over the past year, with the stock currently trading at $42.48. According to InvestingPro analysis, analysts maintain a bullish outlook with price targets ranging from $50 to $70. The transaction, which took place on March 15, 2024, was executed at a price of $6.75 per share, totaling approximately $1,296. Following this sale, Castagnoli holds 809,444 shares directly.
Additionally, on March 3, 2025, Exodus Movement withheld 9,285 shares at a price of $42.20 per share to cover tax obligations related to the vesting and settlement of restricted stock units (RSUs). This transaction amounted to a total value of $391,827. After this transaction, Castagnoli’s total share ownership stands at 800,159 shares, which includes various RSUs scheduled to vest in the coming years.
In other recent news, Exodus Movement Inc. reported a remarkable fourth quarter in 2024, with revenue increasing by 143% year-over-year to $44.8 million. The company achieved a record full-year revenue of $116.3 million, driven by a significant rise in exchange provider process volumes, which grew by 169% to $2.3 billion. Monthly active users also surged by 64% to 2.3 million, reflecting increased adoption of Exodus’s platform. The company is focusing on future growth through partnerships and potential acquisitions, with Q1 2025 volumes already reaching $1.45 billion, partially due to ExoSwap partnerships.
Exodus Movement’s recent uplisting to the NYSE American Exchange has provided increased liquidity and visibility with investors. The company plans to expand its Bitcoin holdings, having already surpassed 2,000 units by February. Analyst firms such as Compass and H.C. Wainwright have shown interest in the company’s developments, particularly in its ExoSwap technology. Despite the strong performance, the company acknowledges the challenges posed by market volatility and regulatory changes in the cryptocurrency space. Exodus Movement’s strategic focus on innovation and partnerships aims to solidify its position in the growing digital asset market.
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