Insider Selling: Crexendo, Inc. (NASDAQ:CXDO) CTO Sells $11,040.00 in Stock

Crexendo, Inc. (NASDAQ:CXDOGet Rating) CTO David Tzat-Kin Wang sold 4,000 shares of Crexendo stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $2.76, for a total transaction of $11,040.00. Following the sale, the chief technology officer now directly owns 422,597 shares of the company’s stock, valued at approximately $1,166,367.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

David Tzat-Kin Wang also recently made the following trade(s):

  • On Wednesday, May 18th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $3.02, for a total transaction of $12,080.00.
  • On Wednesday, May 11th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $2.12, for a total transaction of $8,480.00.
  • On Wednesday, May 4th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $2.73, for a total transaction of $10,920.00.
  • On Wednesday, April 27th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $2.80, for a total transaction of $11,200.00.
  • On Wednesday, April 20th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $3.03, for a total transaction of $12,120.00.
  • On Wednesday, April 13th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $3.11, for a total transaction of $12,440.00.
  • On Wednesday, March 30th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $3.63, for a total transaction of $14,520.00.
  • On Wednesday, March 23rd, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $3.83, for a total transaction of $15,320.00.
  • On Wednesday, March 16th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $3.90, for a total transaction of $15,600.00.
  • On Wednesday, March 9th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $3.86, for a total transaction of $15,440.00.

Shares of CXDO opened at $3.04 on Friday. Crexendo, Inc. has a one year low of $2.10 and a one year high of $7.20. The company’s fifty day moving average price is $3.10 and its 200 day moving average price is $4.05.

Crexendo (NASDAQ:CXDOGet Rating) last announced its earnings results on Monday, March 21st. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $9.00 million during the quarter, compared to the consensus estimate of $8.84 million. Crexendo had a negative return on equity of 0.86% and a negative net margin of 9.29%. During the same quarter last year, the business earned $0.37 EPS. On average, research analysts expect that Crexendo, Inc. will post 0.05 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Monday, May 30th will be given a $0.005 dividend. The ex-dividend date of this dividend is Thursday, May 26th. This represents a $0.02 annualized dividend and a yield of 0.66%. Crexendo’s dividend payout ratio is -14.28%.

A number of research firms have recently weighed in on CXDO. Lake Street Capital cut their price target on shares of Crexendo from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, March 22nd. Zacks Investment Research downgraded shares of Crexendo from a “hold” rating to a “strong sell” rating in a report on Monday, May 16th. Finally, B. Riley dropped their target price on shares of Crexendo from $6.50 to $4.00 in a report on Friday, May 13th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Crexendo by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 380,579 shares of the company’s stock worth $1,382,000 after purchasing an additional 12,895 shares during the last quarter. Essex Investment Management Co. LLC grew its position in Crexendo by 62.7% in the 4th quarter. Essex Investment Management Co. LLC now owns 165,780 shares of the company’s stock worth $829,000 after purchasing an additional 63,860 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Crexendo in the 4th quarter worth $248,000. Geode Capital Management LLC grew its position in Crexendo by 10.0% in the 4th quarter. Geode Capital Management LLC now owns 29,253 shares of the company’s stock worth $146,000 after purchasing an additional 2,651 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Crexendo in the 1st quarter worth $88,000. Institutional investors own 5.79% of the company’s stock.

Crexendo Company Profile (Get Rating)

Crexendo, Inc provides cloud communication, unified communications as a service, call center, collaboration, and other cloud business services for businesses in the United States, Canada, and internationally. It operates through two segments, Cloud Telecommunications and Web Services. 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 resells broadband Internet services.

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