Crexendo, Inc. (NASDAQ:CXDO – Get Rating) Director Todd Andrew Goergen sold 8,365 shares of Crexendo stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $2.12, for a total value of $17,733.80. Following the transaction, the director now owns 352,526 shares of the company’s stock, valued at approximately $747,355.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Crexendo Stock Performance
Shares of CXDO stock opened at $2.10 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.46 and a quick ratio of 1.44. The firm has a 50-day moving average of $2.48 and a 200-day moving average of $2.74. Crexendo, Inc. has a one year low of $2.07 and a one year high of $5.51. The company has a market cap of $47.79 million, a P/E ratio of -14.00 and a beta of 1.18.
Crexendo (NASDAQ:CXDO – Get Rating) last issued its quarterly earnings data on Thursday, November 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Crexendo had a negative net margin of 9.72% and a negative return on equity of 1.54%. The business had revenue of $9.11 million during the quarter, compared to the consensus estimate of $9.07 million. Equities research analysts forecast that Crexendo, Inc. will post -0.06 EPS for the current fiscal year.
Analysts Set New Price Targets
Institutional Trading of Crexendo
A number of institutional investors and hedge funds have recently modified their holdings of CXDO. Essex Investment Management Co. LLC boosted its position in Crexendo by 19.2% in the third quarter. Essex Investment Management Co. LLC now owns 202,467 shares of the company’s stock worth $486,000 after purchasing an additional 32,572 shares during the last quarter. Guardian Wealth Advisors LLC bought a new stake in shares of Crexendo during the 3rd quarter worth $51,000. Creative Planning purchased a new position in shares of Crexendo in the 2nd quarter worth about $1,753,000. Bard Associates Inc. grew its position in Crexendo by 6.2% during the second quarter. Bard Associates Inc. now owns 514,286 shares of the company’s stock valued at $1,594,000 after buying an additional 29,896 shares during the period. Finally, Private Advisor Group LLC purchased a new stake in Crexendo during the second quarter worth about $34,000. 8.47% of the stock is owned by hedge funds and other institutional investors.
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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