Crexendo (NASDAQ:CXDO) CRO Sells $99,900.00 in Stock

Crexendo Inc. (NASDAQ:CXDOGet Free Report) CRO Jon Brinton sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $9.99, for a total value of $99,900.00. Following the transaction, the executive owned 89,795 shares of the company’s stock, valued at approximately $897,052.05. This trade represents a 10.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Jon Brinton also recently made the following trade(s):

  • On Monday, June 1st, Jon Brinton sold 20,000 shares of Crexendo stock. The stock was sold at an average price of $10.69, for a total value of $213,800.00.
  • On Tuesday, May 26th, Jon Brinton sold 5,000 shares of Crexendo stock. The stock was sold at an average price of $9.85, for a total value of $49,250.00.
  • On Thursday, May 14th, Jon Brinton sold 10,000 shares of Crexendo stock. The shares were sold at an average price of $9.65, for a total value of $96,500.00.
  • On Wednesday, May 6th, Jon Brinton sold 114,795 shares of Crexendo stock. The shares were sold at an average price of $9.14, for a total value of $1,049,226.30.

Crexendo Trading Down 2.7%

Shares of NASDAQ CXDO opened at $8.93 on Friday. The business has a fifty day simple moving average of $7.86 and a 200 day simple moving average of $7.05. The firm has a market capitalization of $289.51 million, a price-to-earnings 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.

Crexendo (NASDAQ:CXDOGet Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $20.71 million during the quarter, compared to analyst estimates of $19.63 million. Crexendo had a return on equity of 13.84% and a net margin of 6.15%. On average, research analysts anticipate that Crexendo Inc. will post 0.36 earnings per share for the current fiscal year.

Institutional Trading of Crexendo

A number of large investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its position in Crexendo by 47.6% in the first quarter. Bank of America Corp DE now owns 78,021 shares of the company’s stock valued at $481,000 after acquiring an additional 25,161 shares during the period. Lazard Asset Management LLC bought a new stake in Crexendo in the first quarter valued at $155,000. Renaissance Technologies LLC grew its position in Crexendo by 52.3% in the first quarter. Renaissance Technologies LLC now owns 346,737 shares of the company’s stock valued at $2,139,000 after acquiring an additional 119,037 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Crexendo by 26.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 406,442 shares of the company’s stock valued at $2,508,000 after acquiring an additional 85,943 shares during the period. Finally, Sei Investments Co. grew its position in 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 acquiring an additional 58,518 shares during the period. 9.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Needham & Company LLC upped their target price on Crexendo from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Weiss Ratings upgraded Crexendo from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $11.00 price target on shares of Crexendo in a research report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.40.

Read Our Latest Analysis on Crexendo

Crexendo Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Crexendo (NASDAQ:CXDO)

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