Insider Selling: Crexendo (NASDAQ:CXDO) COO Sells $86,600.00 in Stock

Crexendo Inc. (NASDAQ:CXDO) COO Douglas Walter Gaylor sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $8.66, for a total transaction of $86,600.00. Following the sale, the chief operating officer directly owned 251,413 shares of the company’s stock, valued at approximately $2,177,236.58. The trade was a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, May 6th, Douglas Walter Gaylor sold 20,000 shares of Crexendo stock. The stock was sold at an average price of $9.37, for a total transaction of $187,400.00.

Crexendo Stock Performance

Shares of NASDAQ CXDO opened at $9.36 on Friday. The stock has a market cap of $303.45 million, a price-to-earnings ratio of 62.40 and a beta of 0.93. Crexendo Inc. has a fifty-two week low of $5.08 and a fifty-two week high of $9.84. The firm’s 50-day simple moving average is $6.60 and its 200 day simple moving average is $6.63.

Crexendo (NASDAQ:CXDO) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. Crexendo had a return on equity of 13.84% and a net margin of 6.15%.The firm had revenue of $20.71 million during the quarter, compared to the consensus estimate of $19.63 million. On average, sell-side analysts predict that Crexendo Inc. will post 0.27 EPS for the current year.

Institutional Investors Weigh In On Crexendo

Large investors have recently made changes to their positions in the business. Pembroke Management LTD grew its position in shares of Crexendo by 209.3% during the 3rd quarter. Pembroke Management LTD now owns 195,371 shares of the company’s stock valued at $1,270,000 after acquiring an additional 132,201 shares during the period. D.A. Davidson & CO. purchased a new stake in shares of Crexendo during the 3rd quarter worth approximately $230,000. Potomac Capital Management Inc. bought a new stake in shares of Crexendo in the 4th quarter worth approximately $985,000. Globeflex Capital L P raised its holdings in shares of Crexendo by 593.3% in the 4th quarter. Globeflex Capital L P now owns 129,470 shares of the company’s stock worth $838,000 after purchasing an additional 110,795 shares during the period. Finally, Prospera Financial Services Inc lifted its stake in Crexendo by 104.8% in the fourth quarter. Prospera Financial Services Inc now owns 58,920 shares of the company’s stock valued at $381,000 after purchasing an additional 30,145 shares during the last quarter. 9.53% of the stock is owned by hedge funds and other institutional investors.

More Crexendo News

Here are the key news stories impacting Crexendo this week:

• Positive Sentiment: Needham & Company raised its price target on Crexendo to $12.00 and reiterated a Buy rating, reinforcing the bullish view that the shares still have room to run. Article Title
• Positive Sentiment: Crexendo’s latest quarterly results beat expectations, with EPS of $0.10 versus $0.08 expected and revenue of $20.71 million versus $19.63 million expected, supporting the company’s growth and profitability narrative. Article Title
• Positive Sentiment: Management said it will present at upcoming investor conferences, which could increase visibility with institutional investors and give the company another platform to highlight its ESI acquisition and consecutive quarters of GAAP profitability. Article Title
• Neutral Sentiment: Several analyst and commentary pieces focused on Crexendo’s growth momentum and earnings call details, adding context but not changing the near-term catalyst picture by themselves. Article Title
• Negative Sentiment: Top executives, including the CEO, COO, CFO, and CRO, disclosed sizable stock sales over May 4-6. While insider selling does not necessarily change fundamentals, it can create short-term pressure and weigh on investor sentiment. Article Title

Analyst Upgrades and Downgrades

CXDO has been the topic of a number of analyst reports. Needham & Company LLC lifted their price objective on shares of Crexendo from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday. Wall Street Zen lowered shares of Crexendo from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. Weiss Ratings upgraded shares of Crexendo from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Crexendo in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $10.40.

Crexendo Company Profile

Crexendo, Inc (NASDAQ: CXDO) is a provider of cloud-based communications and collaboration solutions tailored to businesses of varying sizes. The company’s flagship offering, CXsuite, integrates enterprise-grade voice, video conferencing, instant messaging, presence, and contact center functionality into a single platform delivered over the internet. By leveraging hosted infrastructure and a subscription-based model, Crexendo aims to reduce on-premises hardware costs and simplify management for IT teams and resellers.

Crexendo’s product portfolio includes a multi-tenant cloud PBX, SIP trunking, session border controllers and an application programming interface (API) suite that allows partners and customers to embed real-time communications into custom workflows.