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 Crexendo stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $2.94, for a total value of $11,760.00. Following the completion of the transaction, the chief technology officer now directly owns 422,597 shares of the company’s stock, valued at $1,242,435.18. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Wednesday, June 15th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $2.58, for a total value of $10,320.00.
  • On Wednesday, June 8th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The stock was sold at an average price of $2.87, for a total value of $11,480.00.
  • On Wednesday, June 1st, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The stock was sold at an average price of $2.87, for a total value of $11,480.00.
  • On Wednesday, May 25th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The stock was sold at an average price of $2.76, for a total value of $11,040.00.
  • 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 value 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 value of $8,480.00.
  • On Wednesday, May 4th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $2.73, for a total value of $10,920.00.
  • On Wednesday, April 27th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $2.80, for a total value 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 value 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 value of $12,440.00.

Shares of Crexendo stock remained flat at $$3.12 during trading hours on Thursday. The stock had a trading volume of 10,020 shares, compared to its average volume of 39,858. Crexendo, Inc. has a twelve month low of $2.10 and a twelve month high of $7.20. The firm has a 50-day simple moving average of $2.85 and a 200-day simple moving average of $3.74. The firm has a market capitalization of $69.96 million, a PE ratio of -22.28 and a beta of 1.45.

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 return on equity of 0.86% and a negative net margin of 9.29%. The business had revenue of $9.00 million for the quarter, compared to analyst estimates of $8.84 million. During the same period in the prior year, the company earned $0.37 EPS. On average, research analysts forecast that Crexendo, Inc. will post 0.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Monday, May 30th were issued a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Thursday, May 26th. Crexendo’s dividend payout ratio is presently -14.28%.

A number of equities research analysts have weighed in on CXDO shares. Lake Street Capital reduced 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. B. Riley cut their price target on Crexendo from $6.50 to $4.00 in a research note on Friday, May 13th.

A number of hedge funds have recently made changes to their positions in CXDO. Acadian Asset Management LLC acquired a new position in Crexendo during the fourth quarter worth $56,000. Janney Montgomery Scott LLC acquired a new position in Crexendo during the first quarter worth $88,000. Essex Investment Management Co. LLC grew its holdings in Crexendo by 62.7% during the fourth quarter. Essex Investment Management Co. LLC now owns 165,780 shares of the company’s stock worth $829,000 after acquiring an additional 63,860 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Crexendo by 3.5% in the first quarter. Vanguard Group Inc. now owns 380,579 shares of the company’s stock valued at $1,382,000 after purchasing an additional 12,895 shares during the last quarter. 5.79% of the stock is currently owned by hedge funds and other institutional investors.

Crexendo Company Profile (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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