Crexendo Inc. (NASDAQ:CXDO – Get Free Report) CRO Jon Brinton sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $9.65, for a total transaction of $96,500.00. Following the transaction, the executive owned 104,795 shares in the company, valued at $1,011,271.75. The trade was a 8.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Jon Brinton also recently made the following trade(s):
- On Wednesday, May 6th, Jon Brinton sold 114,795 shares of Crexendo stock. The stock was sold at an average price of $9.14, for a total value of $1,049,226.30.
Crexendo Stock Up 0.6%
NASDAQ CXDO opened at $9.72 on Wednesday. The business’s fifty day simple moving average is $7.11 and its 200-day simple moving average is $6.81. The firm has a market cap of $315.12 million, a PE ratio of 64.80 and a beta of 0.93. Crexendo Inc. has a 52 week low of $5.08 and a 52 week high of $9.90.
Hedge Funds Weigh In On Crexendo
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its stake in shares of Crexendo by 47.6% during the first quarter. Bank of America Corp DE now owns 78,021 shares of the company’s stock worth $481,000 after acquiring an additional 25,161 shares during the period. Lazard Asset Management LLC acquired a new position in Crexendo during the 1st quarter worth approximately $155,000. Renaissance Technologies LLC raised its stake in shares of Crexendo by 52.3% during the 1st quarter. Renaissance Technologies LLC now owns 346,737 shares of the company’s stock worth $2,139,000 after buying an additional 119,037 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Crexendo by 26.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 406,442 shares of the company’s stock valued at $2,508,000 after buying an additional 85,943 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Crexendo by 31.9% in the first quarter. Sei Investments Co. now owns 241,766 shares of the company’s stock valued at $1,492,000 after buying an additional 58,518 shares in the last quarter. Hedge funds and other institutional investors own 9.53% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the stock. Needham & Company LLC boosted their target price on shares of Crexendo from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Weiss Ratings raised Crexendo from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wall Street Zen cut Crexendo from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. Finally, Lake Street Capital reissued a “buy” rating and set a $11.00 target price on shares of Crexendo in a research report on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.40.
View Our Latest Stock Analysis on CXDO
Crexendo Company Profile
Crexendo, Inc (NASDAQ: CXDO) is a provider of cloud-based communications and collaboration solutions tailored to businesses of varying sizes. The company’s flagship offering, CXsuite, integrates enterprise-grade voice, video conferencing, instant messaging, presence, and contact center functionality into a single platform delivered over the internet. By leveraging hosted infrastructure and a subscription-based model, Crexendo aims to reduce on-premises hardware costs and simplify management for IT teams and resellers.
Crexendo’s product portfolio includes a multi-tenant cloud PBX, SIP trunking, session border controllers and an application programming interface (API) suite that allows partners and customers to embed real-time communications into custom workflows.
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