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

Crexendo, Inc. (NASDAQ:CXDOGet Rating) CTO David Tzat-Kin Wang sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 20th. The stock was sold at an average price of $3.03, for a total value of $12,120.00. Following the transaction, the chief technology officer now owns 422,597 shares of the company’s stock, valued at $1,280,468.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Wednesday, April 13th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The stock was sold at an average price of $3.11, for a total value of $12,440.00.
  • On Wednesday, March 30th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The stock was sold at an average price of $3.63, for a total value of $14,520.00.
  • On Wednesday, March 23rd, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The stock was sold at an average price of $3.83, for a total value of $15,320.00.
  • On Wednesday, March 16th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The stock was sold at an average price of $3.90, for a total value 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 value of $15,440.00.
  • On Wednesday, March 2nd, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $4.04, for a total value of $16,160.00.
  • On Wednesday, February 16th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $4.20, for a total value of $16,800.00.
  • On Wednesday, February 9th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $4.32, for a total value of $17,280.00.
  • On Wednesday, February 2nd, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $4.05, for a total value of $16,200.00.
  • On Wednesday, January 26th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $3.98, for a total value of $15,920.00.

Crexendo stock traded down $0.04 during mid-day trading on Friday, hitting $3.07. 49,254 shares of the company were exchanged, compared to its average volume of 31,907. The business has a fifty day moving average of $3.76 and a 200 day moving average of $4.55. The company has a market capitalization of $68.38 million, a PE ratio of -23.62, a price-to-earnings-growth ratio of 3.49 and a beta of 1.38. Crexendo, Inc. has a 1-year low of $3.00 and a 1-year high of $7.20.

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). Crexendo had a positive return on equity of 0.19% and a negative net margin of 8.70%. During the same period in the prior year, the firm posted $0.37 EPS. Research analysts anticipate that Crexendo, Inc. will post 0.11 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, February 28th. Stockholders of record on Friday, February 18th were issued a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Thursday, February 17th. Crexendo’s payout ratio is presently -15.38%.

Hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in shares of Crexendo during the fourth quarter worth $56,000. Millennium Management LLC acquired a new stake in Crexendo in the third quarter worth about $69,000. Royal Bank of Canada bought a new stake in Crexendo during the 2nd quarter worth about $105,000. Geode Capital Management LLC raised its stake in shares of Crexendo by 49.7% during the third quarter. Geode Capital Management LLC now owns 26,602 shares of the company’s stock worth $158,000 after buying an additional 8,836 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Crexendo in the fourth quarter valued at approximately $248,000. Institutional investors own 5.77% of the company’s stock.

A number of brokerages recently commented on CXDO. Zacks Investment Research upgraded Crexendo from a “strong sell” rating to a “hold” rating in a research note on Friday. Lake Street Capital dropped their price objective on Crexendo from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, March 22nd. Finally, B. Riley dropped their price objective on Crexendo from $8.25 to $6.50 and set a “buy” rating for the company in a research note on Tuesday, March 22nd. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $7.50.

About Crexendo (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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