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 the company’s stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $2.76, for a total transaction of $11,040.00. Following the completion of the transaction, the chief technology officer now owns 422,597 shares in the company, valued at approximately $1,166,367.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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 stock was 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 stock was 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 stock was 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 stock was 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 Crexendo stock traded up $0.17 during trading on Thursday, hitting $2.98. The stock had a trading volume of 1,230 shares, compared to its average volume of 37,072. The firm’s fifty day simple moving average is $3.14 and its 200-day simple moving average is $4.09. The stock has a market cap of $66.82 million, a PE ratio of -21.28 and a beta of 1.45. Crexendo, Inc. has a 12 month low of $2.10 and a 12 month high of $7.20.

Crexendo (NASDAQ:CXDOGet Rating) last announced its quarterly earnings data on Monday, March 21st. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Crexendo had a negative net margin of 9.29% and a negative return on equity of 0.86%. The company had revenue of $9.00 million for the quarter, compared to the consensus estimate of $8.84 million. During the same quarter in the previous year, the business earned $0.37 EPS. Analysts forecast that Crexendo, Inc. will post 0.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Monday, May 30th will be issued a dividend of $0.005 per share. The ex-dividend date of this dividend is Thursday, May 26th. This represents a $0.02 dividend on an annualized basis and a yield of 0.67%. Crexendo’s payout ratio is -14.28%.

CXDO has been the topic of several recent research reports. Lake Street Capital decreased their price target on shares of Crexendo from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, March 22nd. B. Riley decreased their price target on shares of Crexendo from $6.50 to $4.00 in a research report on Friday, May 13th. Finally, Zacks Investment Research cut shares of Crexendo from a “hold” rating to a “strong sell” rating in a research note on Monday, May 16th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC purchased a new position in Crexendo during the 4th quarter valued at about $56,000. Millennium Management LLC purchased a new position in Crexendo during the 3rd quarter valued at about $69,000. Janney Montgomery Scott LLC purchased a new position in Crexendo during the 1st quarter valued at about $88,000. Royal Bank of Canada purchased a new position in Crexendo during the 2nd quarter valued at about $105,000. Finally, Geode Capital Management LLC increased its position in Crexendo by 10.0% during the 4th quarter. Geode Capital Management LLC now owns 29,253 shares of the company’s stock valued at $146,000 after purchasing an additional 2,651 shares during the period. Institutional investors own 5.79% of the company’s stock.

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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