Crexendo (NASDAQ:CXDO) CFO Sells $105,750.00 in Stock

Crexendo Inc. (NASDAQ:CXDO) CFO Ron Vincent sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $7.05, for a total transaction of $105,750.00. Following the transaction, the chief financial officer owned 175,809 shares of the company’s stock, valued at approximately $1,239,453.45. This trade represents a 7.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Crexendo Stock Performance

Shares of NASDAQ:CXDO traded down $0.18 during midday trading on Friday, reaching $6.57. The company had a trading volume of 91,207 shares, compared to its average volume of 182,077. Crexendo Inc. has a 1-year low of $3.75 and a 1-year high of $7.34. The company has a fifty day simple moving average of $6.46 and a two-hundred day simple moving average of $5.94. The firm has a market cap of $201.71 million, a price-to-earnings ratio of 65.70 and a beta of 0.88.

Crexendo (NASDAQ:CXDO) last announced its quarterly earnings data on Tuesday, June 7th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $4.51 million during the quarter. Crexendo had a return on equity of 11.33% and a net margin of 4.75%. Analysts expect that Crexendo Inc. will post 0.14 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CXDO. Police & Firemen s Retirement System of New Jersey bought a new stake in Crexendo in the 2nd quarter valued at approximately $29,000. Huntington National Bank bought a new stake in shares of Crexendo in the second quarter worth $30,000. Bank of America Corp DE boosted its holdings in Crexendo by 71.7% during the fourth quarter. Bank of America Corp DE now owns 6,174 shares of the company’s stock worth $32,000 after purchasing an additional 2,578 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Crexendo during the second quarter worth $41,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Crexendo in the second quarter valued at $48,000. 9.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CXDO shares. B. Riley reaffirmed a “buy” rating and set a $8.00 price target (up from $7.50) on shares of Crexendo in a report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Crexendo in a research report on Tuesday, October 14th. D. Boral Capital raised their price target on shares of Crexendo from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Northland Securities set a $10.00 price objective on Crexendo in a research report on Wednesday. Finally, Lake Street Capital lifted their target price on shares of Crexendo from $8.00 to $8.50 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.08.

About Crexendo

Crexendo, Inc provides cloud communication platform and services, video collaboration, and managed IT services for businesses in the United States and internationally. It operates through two segments, Cloud Telecommunications Services and Software Solutions. The Cloud Telecommunications segment provides telecommunications services that transmit calls using Internet protocol (IP) or cloud technology, which converts voice signals into digital data packets for transmission over the Internet or cloud; and broadband Internet services, as well as develops end user portals for account and license management, and billing and customer support.