Insider Selling: Crexendo, Inc. (NASDAQ:CXDO) CTO Sells 106,667 Shares of Stock

Crexendo, Inc. (NASDAQ:CXDO) CTO David Tzat-Kin Wang sold 106,667 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $4.90, for a total transaction of $522,668.30. Following the sale, the chief technology officer now owns 443,079 shares in the company, valued at $2,171,087.10. This trade represents a 19.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, December 13th, David Tzat-Kin Wang sold 12,293 shares of Crexendo stock. The shares were sold at an average price of $5.15, for a total transaction of $63,308.95.
• On Tuesday, December 10th, David Tzat-Kin Wang sold 6,000 shares of Crexendo stock. The stock was sold at an average price of $5.15, for a total transaction of $30,900.00.

Crexendo Stock Performance

Shares of NASDAQ:CXDO traded up $0.15 during trading on Tuesday, hitting $5.30. The company’s stock had a trading volume of 126,936 shares, compared to its average volume of 173,393. Crexendo, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $7.59. The business has a 50 day moving average price of $5.38 and a two-hundred day moving average price of $4.55. The company has a market capitalization of $141.59 million, a PE ratio of 176.67 and a beta of 1.10.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CXDO. GSA Capital Partners LLP raised its position in Crexendo by 41.2% in the 3rd quarter. GSA Capital Partners LLP now owns 17,598 shares of the company’s stock valued at $82,000 after purchasing an additional 5,139 shares in the last quarter. Advisor Resource Council acquired a new stake in Crexendo in the third quarter valued at approximately $93,000. Barclays PLC acquired a new stake in Crexendo in the third quarter valued at approximately $109,000. Bailard Inc. purchased a new position in Crexendo in the second quarter worth approximately $113,000. Finally, Dimensional Fund Advisors LP grew its holdings in Crexendo by 476.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 101,273 shares of the company’s stock worth $319,000 after acquiring an additional 83,702 shares in the last quarter. 9.53% of the stock is owned by institutional investors and hedge funds.

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.