Crexendo (NASDAQ:CXDO) COO Douglas Walter Gaylor Sells 6,000 Shares of Stock

Crexendo Inc. (NASDAQ:CXDO) COO Douglas Walter Gaylor sold 6,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $7.51, for a total value of $45,060.00. Following the sale, the chief operating officer directly owned 233,135 shares in the company, valued at $1,750,843.85. This trade represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Douglas Walter Gaylor also recently made the following trade(s):

• On Tuesday, November 11th, Douglas Walter Gaylor sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $7.50, for a total transaction of $30,000.00.
• On Monday, November 10th, Douglas Walter Gaylor sold 10,000 shares of Crexendo stock. The shares were sold at an average price of $7.17, for a total value of $71,700.00.
• On Thursday, September 11th, Douglas Walter Gaylor sold 10,000 shares of Crexendo stock. The shares were sold at an average price of $6.76, for a total transaction of $67,600.00.

Crexendo Stock Performance

Crexendo stock traded up $0.07 during mid-day trading on Friday, hitting $6.85. The company’s stock had a trading volume of 173,978 shares, compared to its average volume of 185,755. The stock has a market cap of $210.51 million, a PE ratio of 68.51 and a beta of 0.88. Crexendo Inc. has a one year low of $3.75 and a one year high of $7.65. The company has a 50 day moving average of $6.53 and a 200-day moving average of $6.03.

Crexendo (NASDAQ:CXDO) last posted its quarterly earnings data on Tuesday, June 7th. The company reported $0.02 earnings per share 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 during the quarter. On average, equities research analysts forecast that Crexendo Inc. will post 0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CXDO shares. Needham & Company LLC upped their price target on shares of Crexendo from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Lake Street Capital raised their price objective on shares of Crexendo from $8.00 to $8.50 and gave the company a “buy” rating in a report on Wednesday, August 6th. Wall Street Zen upgraded shares of Crexendo from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Northland Securities set a $10.00 price target on shares of Crexendo in a research note on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Crexendo in a research note on Tuesday, October 14th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.08.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CXDO. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Crexendo in the 2nd quarter valued at about $29,000. BNP Paribas Financial Markets boosted its holdings in shares of Crexendo by 172.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,394 shares of the company’s stock valued at $29,000 after buying an additional 2,782 shares during the last quarter. Huntington National Bank acquired a new position in shares of Crexendo in the second quarter valued at about $30,000. Bank of America Corp DE raised its position in shares of Crexendo by 71.7% in the 4th quarter. Bank of America Corp DE now owns 6,174 shares of the company’s stock valued at $32,000 after buying an additional 2,578 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of Crexendo during the 2nd quarter valued at approximately $41,000. 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.