Crexendo (NASDAQ:CXDO) CFO Ron Vincent Sells 10,000 Shares

Crexendo Inc. (NASDAQ:CXDO) CFO Ron Vincent sold 10,000 shares of Crexendo stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $7.38, for a total value of $73,800.00. Following the sale, the chief financial officer directly owned 165,809 shares of the company’s stock, valued at approximately $1,223,670.42. This trade represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ron Vincent also recently made the following trade(s):

• On Wednesday, November 5th, Ron Vincent sold 15,000 shares of Crexendo stock. The stock was sold at an average price of $7.05, for a total value of $105,750.00.

Crexendo Trading Up 1.0%

Shares of NASDAQ:CXDO traded up $0.07 on Friday, hitting $6.85. 173,978 shares of the company were exchanged, compared to its average volume of 185,755. The stock’s 50 day moving average price is $6.53 and its 200 day moving average price is $6.03. Crexendo Inc. has a 1-year low of $3.75 and a 1-year high of $7.65. The firm has a market capitalization of $210.51 million, a P/E ratio of 68.51 and a beta of 0.88.

Crexendo (NASDAQ:CXDO) last posted its earnings results on Tuesday, June 7th. The company reported $0.02 EPS for the quarter. Crexendo had a return on equity of 11.33% and a net margin of 4.75%.The firm had revenue of $4.51 million for the quarter. On average, equities analysts predict that Crexendo Inc. will post 0.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on CXDO. Northland Securities set a $10.00 price target on shares of Crexendo in a research note on Wednesday, November 5th. Wall Street Zen upgraded Crexendo from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. D. Boral Capital lifted their target price on Crexendo from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Lake Street Capital upped their price target on Crexendo from $8.00 to $8.50 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Finally, B. Riley restated a “buy” rating and issued a $8.00 price objective (up from $7.50) on shares of Crexendo in a report on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.08.

Hedge Funds Weigh In On Crexendo

Several institutional investors have recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC boosted its position in shares of Crexendo by 3.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 745,504 shares of the company’s stock worth $4,846,000 after purchasing an additional 23,676 shares in the last quarter. Vanguard Group Inc. grew its position in Crexendo by 11.2% during the third quarter. Vanguard Group Inc. now owns 701,898 shares of the company’s stock worth $4,562,000 after buying an additional 70,791 shares during the period. Bard Associates Inc. grew its position in Crexendo by 13.3% during the first quarter. Bard Associates Inc. now owns 666,093 shares of the company’s stock worth $3,244,000 after buying an additional 77,968 shares during the period. Acadian Asset Management LLC lifted its position in shares of Crexendo by 39.2% during the 2nd quarter. Acadian Asset Management LLC now owns 470,081 shares of the company’s stock valued at $2,850,000 after acquiring an additional 132,294 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Crexendo by 5.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 322,886 shares of the company’s stock worth $2,099,000 after acquiring an additional 15,926 shares in the last quarter. Institutional investors and hedge funds own 9.53% of the company’s stock.

About Crexendo

Crexendo, Inc provides cloud communication platform and services, video collaboration, and managed IT services for businesses in the United States and internationally. It operates through two segments, Cloud Telecommunications Services and Software Solutions. 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 broadband Internet services, as well as develops end user portals for account and license management, and billing and customer support.