Crexendo Inc. (NASDAQ:CXDO – Get Free Report) CFO Ron Vincent sold 1,450 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $9.75, for a total transaction of $14,137.50. Following the transaction, the chief financial officer owned 117,087 shares in the company, valued at $1,141,598.25. The trade was a 1.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Ron Vincent also recently made the following trade(s):
- On Wednesday, May 6th, Ron Vincent sold 33,550 shares of Crexendo stock. The stock was 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 stock was 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 stock was sold at an average price of $8.14, for a total transaction of $154,570.46.
Crexendo Stock Performance
NASDAQ:CXDO traded up $0.11 on Monday, hitting $9.47. 549,430 shares of the stock were exchanged, compared to its average volume of 220,014. The stock has a market capitalization of $306.97 million, a price-to-earnings ratio of 63.13 and a beta of 0.93. Crexendo Inc. has a 52 week low of $5.08 and a 52 week high of $9.84. The company’s 50-day moving average price is $6.60 and its 200 day moving average price is $6.63.
Institutional Trading of Crexendo
Several hedge funds and other institutional investors have recently modified their holdings of CXDO. MidFirst Bank acquired a new stake in shares of Crexendo in the 4th quarter valued at about $1,277,000. Geode Capital Management LLC raised its stake in shares of Crexendo by 120.1% in the 2nd quarter. Geode Capital Management LLC now owns 318,001 shares of the company’s stock valued at $1,930,000 after purchasing an additional 173,530 shares during the period. Potomac Capital Management Inc. acquired a new position in Crexendo during the fourth quarter worth $985,000. Pembroke Management LTD boosted its holdings in Crexendo by 209.3% during the third quarter. Pembroke Management LTD now owns 195,371 shares of the company’s stock worth $1,270,000 after purchasing an additional 132,201 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Crexendo in the 3rd quarter valued at $805,000. Institutional investors and hedge funds own 9.53% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on CXDO shares. Lake Street Capital restated a “buy” rating and set a $11.00 target price on shares of Crexendo in a report on Wednesday, May 6th. Weiss Ratings upgraded shares of Crexendo from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Needham & Company LLC boosted their price objective on shares of Crexendo from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen lowered shares of Crexendo from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.40.
Read Our Latest Research Report on CXDO
About Crexendo
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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