Crexendo (NASDAQ:CXDO) COO Sells $71,700.00 in Stock

Crexendo Inc. (NASDAQ:CXDO) COO Douglas Walter Gaylor sold 10,000 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $7.17, for a total value of $71,700.00. Following the completion of the sale, the chief operating officer directly owned 243,135 shares of the company’s stock, valued at $1,743,277.95. This represents a 3.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Douglas Walter Gaylor also recently made the following trade(s):

• On Thursday, September 11th, Douglas Walter Gaylor sold 10,000 shares of Crexendo stock. The stock was sold at an average price of $6.76, for a total value of $67,600.00.

Crexendo Stock Down 1.7%

CXDO stock traded down $0.13 during midday trading on Wednesday, hitting $7.35. 173,728 shares of the company traded hands, compared to its average volume of 185,160. Crexendo Inc. has a twelve month low of $3.75 and a twelve month high of $7.65. The business has a 50 day simple moving average of $6.50 and a 200-day simple moving average of $6.02. The stock has a market capitalization of $225.87 million, a price-to-earnings ratio of 73.61 and a beta of 0.88.

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

Hedge Funds Weigh In On Crexendo

Hedge funds have recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC raised its holdings in Crexendo by 3.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 745,504 shares of the company’s stock worth $4,846,000 after purchasing an additional 23,676 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Crexendo by 11.2% during the 3rd quarter. Vanguard Group Inc. now owns 701,898 shares of the company’s stock worth $4,562,000 after buying an additional 70,791 shares during the period. Bard Associates Inc. lifted its holdings in Crexendo by 13.3% in the first quarter. Bard Associates Inc. now owns 666,093 shares of the company’s stock valued at $3,244,000 after buying an additional 77,968 shares during the period. Acadian Asset Management LLC lifted its holdings in Crexendo by 39.2% in the second quarter. Acadian Asset Management LLC now owns 470,081 shares of the company’s stock valued at $2,850,000 after buying an additional 132,294 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Crexendo by 120.1% in the second quarter. Geode Capital Management LLC now owns 318,001 shares of the company’s stock valued at $1,930,000 after acquiring an additional 173,530 shares during the last quarter. Institutional investors own 9.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CXDO. Weiss Ratings restated a “hold (c)” rating on shares of Crexendo in a research note on Tuesday, October 14th. D. Boral Capital upped their price objective on Crexendo from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Northland Securities set a $10.00 price target on Crexendo in a research report on Wednesday, November 5th. Needham & Company LLC increased their price objective on Crexendo from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, Wall Street Zen raised shares of Crexendo from a “buy” rating to a “strong-buy” rating in a report on Saturday. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $9.08.

Crexendo Company Profile

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.