Crexendo Inc. (NASDAQ:CXDO – Get Free Report) CFO Ron Vincent sold 90,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $10.03, for a total transaction of $902,700.00. Following the transaction, the chief financial officer owned 117,490 shares of the company’s stock, valued at $1,178,424.70. This trade represents a 43.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Ron Vincent also recently made the following trade(s):
- On Friday, May 22nd, Ron Vincent sold 29,000 shares of Crexendo stock. The shares were sold at an average price of $9.77, for a total transaction of $283,330.00.
- On Tuesday, May 26th, Ron Vincent sold 46,000 shares of Crexendo stock. The shares were sold at an average price of $9.84, for a total transaction of $452,640.00.
- On Thursday, May 7th, Ron Vincent sold 1,450 shares of Crexendo stock. The shares were sold at an average price of $9.75, for a total transaction of $14,137.50.
- On Wednesday, May 6th, Ron Vincent sold 33,550 shares of Crexendo stock. The shares were sold at an average price of $9.36, for a total transaction of $314,028.00.
- On Tuesday, May 5th, Ron Vincent sold 10,000 shares of Crexendo stock. The shares were sold at an average price of $8.63, for a total transaction of $86,300.00.
- On Monday, May 4th, Ron Vincent sold 18,989 shares of Crexendo stock. The shares were sold at an average price of $8.14, for a total transaction of $154,570.46.
Crexendo Price Performance
CXDO opened at $8.93 on Friday. The company has a fifty day moving average price of $7.86 and a 200-day moving average price of $7.05. The firm has a market capitalization of $289.51 million, a P/E ratio of 59.53 and a beta of 1.08. Crexendo Inc. has a one year low of $5.13 and a one year high of $11.23.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on CXDO shares. Weiss Ratings upgraded shares of Crexendo from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Lake Street Capital reiterated a “buy” rating and issued a $11.00 target price on shares of Crexendo in a research report on Wednesday, May 6th. Finally, Needham & Company LLC upped their target price on shares of Crexendo from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.40.
Read Our Latest Stock Report on Crexendo
Institutional Trading of Crexendo
Institutional investors have recently added to or reduced their stakes in the business. Diversify Wealth Management LLC purchased a new stake in Crexendo during the first quarter valued at about $139,000. MidFirst Bank bought a new position in shares of Crexendo during the fourth quarter valued at about $1,277,000. Potomac Capital Management Inc. bought a new position in shares of Crexendo during the fourth quarter valued at about $985,000. Globeflex Capital L P raised its stake in shares of Crexendo by 593.3% during the fourth quarter. Globeflex Capital L P now owns 129,470 shares of the company’s stock valued at $838,000 after acquiring an additional 110,795 shares during the last quarter. Finally, Prospera Financial Services Inc raised its stake in shares of Crexendo by 104.8% during the fourth quarter. Prospera Financial Services Inc now owns 58,920 shares of the company’s stock valued at $381,000 after acquiring an additional 30,145 shares during the last quarter. 9.53% of the stock is currently owned by hedge funds and other institutional investors.
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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