Crexendo Inc. (NASDAQ:CXDO – Get Free Report) CRO Jon Brinton sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $9.85, for a total transaction of $49,250.00. Following the completion of the sale, the executive directly owned 99,795 shares of the company’s stock, valued at $982,980.75. This trade represents a 4.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Jon Brinton also recently made the following trade(s):
- 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 Price Performance
Shares of Crexendo stock opened at $9.95 on Friday. The business has a 50-day moving average of $7.53 and a 200-day moving average of $6.96. The company has a market capitalization of $322.58 million, a PE ratio of 66.33 and a beta of 0.93. Crexendo Inc. has a 1-year low of $5.08 and a 1-year high of $10.04.
Hedge Funds Weigh In On Crexendo
A number of hedge funds and other institutional investors have recently bought and sold shares of CXDO. D.A. Davidson & CO. boosted its holdings in shares of Crexendo by 3.5% during the first quarter. D.A. Davidson & CO. now owns 38,463 shares of the company’s stock valued at $237,000 after acquiring an additional 1,311 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Crexendo by 2.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 94,318 shares of the company’s stock valued at $610,000 after acquiring an additional 2,260 shares during the period. Bank of America Corp DE boosted its holdings in shares of Crexendo by 71.7% during the fourth quarter. Bank of America Corp DE now owns 6,174 shares of the company’s stock valued at $32,000 after acquiring an additional 2,578 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Crexendo by 172.6% during the third quarter. BNP Paribas Financial Markets now owns 4,394 shares of the company’s stock valued at $29,000 after acquiring an additional 2,782 shares during the period. Finally, Independent Advisor Alliance boosted its holdings in shares of Crexendo by 13.2% during the third quarter. Independent Advisor Alliance now owns 24,725 shares of the company’s stock valued at $161,000 after acquiring an additional 2,890 shares during the period. 9.53% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on CXDO shares. Weiss Ratings raised shares of Crexendo from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Needham & Company LLC raised their price target 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. Finally, Lake Street Capital reissued a “buy” rating and set a $11.00 price target on shares of Crexendo in a research report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.40.
Check Out Our Latest Research Report on Crexendo
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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