Crexendo (NASDAQ:CXDO) CFO Sells $902,700.00 in Stock

Crexendo Inc. (NASDAQ:CXDOGet 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.

Crexendo (NASDAQ:CXDOGet Free Report) last released its quarterly 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 firm had revenue of $20.71 million during the quarter, compared to analyst estimates of $19.63 million. Crexendo had a net margin of 6.15% and a return on equity of 13.84%. On average, analysts expect that Crexendo Inc. will post 0.36 earnings per share for the current year.

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

(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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