Crexendo, Inc. (NASDAQ:CXDO) CTO David Tzat-Kin Wang Sells 4,000 Shares

Crexendo, Inc. (NASDAQ:CXDO) CTO David Tzat-Kin Wang sold 4,000 shares of the stock in a transaction on Wednesday, January 12th. The stock was sold at an average price of $4.54, for a total value of $18,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Wednesday, January 5th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The stock was sold at an average price of $4.79, for a total value of $19,160.00.
  • On Wednesday, December 29th, David Tzat-Kin Wang sold 2,000 shares of Crexendo stock. The stock was sold at an average price of $4.89, for a total value of $9,780.00.
  • On Wednesday, December 22nd, David Tzat-Kin Wang sold 2,000 shares of Crexendo stock. The stock was sold at an average price of $4.62, for a total value of $9,240.00.
  • On Wednesday, December 15th, David Tzat-Kin Wang sold 2,000 shares of Crexendo stock. The stock was sold at an average price of $5.22, for a total value of $10,440.00.
  • On Wednesday, December 8th, David Tzat-Kin Wang sold 2,000 shares of Crexendo stock. The shares were sold at an average price of $4.85, for a total value of $9,700.00.
  • On Wednesday, December 1st, David Tzat-Kin Wang sold 2,000 shares of Crexendo stock. The shares were sold at an average price of $5.04, for a total value of $10,080.00.
  • On Wednesday, November 24th, David Tzat-Kin Wang sold 2,000 shares of Crexendo stock. The shares were sold at an average price of $5.02, for a total value of $10,040.00.
  • On Wednesday, November 17th, David Tzat-Kin Wang sold 2,000 shares of Crexendo stock. The shares were sold at an average price of $4.93, for a total value of $9,860.00.
  • On Wednesday, November 10th, David Tzat-Kin Wang sold 2,000 shares of Crexendo stock. The stock was sold at an average price of $5.65, for a total value of $11,300.00.
  • On Wednesday, November 3rd, David Tzat-Kin Wang sold 2,000 shares of Crexendo stock. The stock was sold at an average price of $5.42, for a total value of $10,840.00.

NASDAQ CXDO opened at $4.45 on Friday. The stock has a market capitalization of $82.06 million, a P/E ratio of 16.48, a P/E/G ratio of 4.78 and a beta of 1.40. Crexendo, Inc. has a 1 year low of $4.29 and a 1 year high of $8.08. The business’s fifty day moving average is $5.00 and its two-hundred day moving average is $5.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.30 and a current ratio of 1.36.

Crexendo (NASDAQ:CXDO) last posted its quarterly earnings results on Tuesday, November 9th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Crexendo had a return on equity of 15.58% and a net margin of 22.71%. The company had revenue of $8.81 million for the quarter, compared to analysts’ expectations of $7.77 million. On average, research analysts forecast that Crexendo, Inc. will post 0.08 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in shares of Crexendo by 11.3% during the 2nd quarter. Geode Capital Management LLC now owns 17,766 shares of the company’s stock valued at $108,000 after acquiring an additional 1,800 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Crexendo by 86.7% during the 2nd quarter. Renaissance Technologies LLC now owns 24,267 shares of the company’s stock valued at $148,000 after acquiring an additional 11,267 shares in the last quarter. Royal Bank of Canada purchased a new position in shares of Crexendo during the 2nd quarter valued at $105,000. Stanley Laman Group Ltd. grew its holdings in shares of Crexendo by 10.3% during the 3rd quarter. Stanley Laman Group Ltd. now owns 239,011 shares of the company’s stock valued at $1,432,000 after acquiring an additional 22,337 shares in the last quarter. Finally, Essex Investment Management Co. LLC grew its holdings in shares of Crexendo by 24.5% during the 3rd quarter. Essex Investment Management Co. LLC now owns 101,920 shares of the company’s stock valued at $611,000 after acquiring an additional 20,061 shares in the last quarter. Hedge funds and other institutional investors own 6.95% of the company’s stock.

A number of equities analysts have commented on CXDO shares. Colliers Securities restated a “buy” rating and issued a $10.00 target price on shares of Crexendo in a research note on Wednesday, November 10th. Zacks Investment Research cut Crexendo from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Lake Street Capital started coverage on Crexendo in a report on Monday, November 22nd. They set a “buy” rating and a $9.00 target price on the stock.

About Crexendo

Crexendo, Inc engages in the provision of telecommunications services, broadband Internet services, and other cloud business services. It operates through the Cloud Telecommunications Services and Web Services segments. The Cloud Telecommunications Services segment focuses on selling cloud telecommunication products and services and broadband Internet services.

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