Crexendo (NASDAQ:CXDO) COO Sells $95,200.00 in Stock

Crexendo Inc. (NASDAQ:CXDO) COO Douglas Walter Gaylor sold 10,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $9.52, for a total value of $95,200.00. Following the transaction, the chief operating officer directly owned 221,413 shares in the company, valued at $2,107,851.76. This trade represents a 4.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, May 6th, Douglas Walter Gaylor sold 20,000 shares of Crexendo stock. The stock was sold at an average price of $9.37, for a total value of $187,400.00.
• On Tuesday, May 5th, Douglas Walter Gaylor sold 10,000 shares of Crexendo stock. The stock was sold at an average price of $8.66, for a total value of $86,600.00.

Crexendo Stock Performance

NASDAQ CXDO opened at $9.61 on Thursday. The stock’s fifty day moving average is $7.16 and its two-hundred day moving average is $6.84. The firm has a market capitalization of $311.56 million, a P/E ratio of 64.07 and a beta of 0.93. Crexendo Inc. has a fifty-two week low of $5.08 and a fifty-two week high of $9.90.

Crexendo (NASDAQ:CXDO) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. Crexendo had a return on equity of 13.84% and a net margin of 6.15%.The business had revenue of $20.71 million for the quarter, compared to analyst estimates of $19.63 million. As a group, sell-side analysts forecast that Crexendo Inc. will post 0.36 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on CXDO. Lake Street Capital reaffirmed a “buy” rating and issued a $11.00 price target on shares of Crexendo in a research note on Wednesday, May 6th. Needham & Company LLC upped their price target on Crexendo from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Wall Street Zen lowered Crexendo from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings raised Crexendo from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Crexendo currently has an average rating of “Moderate Buy” and an average target price of $10.40.

Institutional Investors Weigh In On Crexendo

Several institutional investors and hedge funds have recently modified their holdings of the company. Essex Investment Management Co. LLC raised its holdings in shares of Crexendo by 3.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 745,504 shares of the company’s stock valued at $4,846,000 after buying an additional 23,676 shares during the period. Vanguard Group Inc. raised its holdings in shares of Crexendo by 11.2% in the 3rd quarter. Vanguard Group Inc. now owns 701,898 shares of the company’s stock valued at $4,562,000 after buying an additional 70,791 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Crexendo by 26.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 406,442 shares of the company’s stock valued at $2,508,000 after buying an additional 85,943 shares during the period. Geode Capital Management LLC raised its holdings in shares of Crexendo by 14.3% in the 4th quarter. Geode Capital Management LLC now owns 401,356 shares of the company’s stock valued at $2,598,000 after buying an additional 50,288 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Crexendo by 15.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 380,327 shares of the company’s stock valued at $2,346,000 after buying an additional 52,200 shares during the period. Hedge funds and other institutional investors own 9.53% of the company’s stock.

Crexendo Company Profile

Crexendo, Inc (NASDAQ: CXDO) is a provider of cloud-based communications and collaboration solutions tailored to businesses of varying sizes. The company’s flagship offering, CXsuite, integrates enterprise-grade voice, video conferencing, instant messaging, presence, and contact center functionality into a single platform delivered over the internet. By leveraging hosted infrastructure and a subscription-based model, Crexendo aims to reduce on-premises hardware costs and simplify management for IT teams and resellers.

Crexendo’s product portfolio includes a multi-tenant cloud PBX, SIP trunking, session border controllers and an application programming interface (API) suite that allows partners and customers to embed real-time communications into custom workflows.