Crexendo Inc. (NASDAQ:CXDO) CFO Sells $18,312.00 in Stock

Crexendo Inc. (NASDAQ:CXDO - Get Free Report) CFO Ron Vincent sold 2,800 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $6.54, for a total transaction of $18,312.00. Following the completion of the transaction, the chief financial officer owned 184,746 shares of the company's stock, valued at $1,208,238.84. This represents a 1.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, July 7th, Ron Vincent sold 1,000 shares of Crexendo stock. The shares were sold at an average price of $6.50, for a total transaction of $6,500.00.
• On Thursday, July 3rd, Ron Vincent sold 3,000 shares of Crexendo stock. The shares were sold at an average price of $6.51, for a total transaction of $19,530.00.

Crexendo Stock Performance

NASDAQ:CXDO traded down $0.18 during mid-day trading on Tuesday, reaching $6.21. The stock had a trading volume of 96,385 shares, compared to its average volume of 175,188. The firm has a market capitalization of $180.28 million, a price-to-earnings ratio of 77.63 and a beta of 1.15. Crexendo Inc. has a twelve month low of $3.01 and a twelve month high of $7.34. The business has a 50 day simple moving average of $5.60 and a 200 day simple moving average of $5.53.

Institutional Investors Weigh In On Crexendo

Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in Crexendo by 71.7% in the fourth quarter. Bank of America Corp DE now owns 6,174 shares of the company's stock valued at $32,000 after purchasing an additional 2,578 shares during the period. Creative Financial Designs Inc. ADV acquired a new stake in Crexendo in the fourth quarter valued at about $44,000. Detalus Advisors LLC acquired a new stake in Crexendo in the first quarter valued at about $49,000. Algert Global LLC acquired a new stake in Crexendo in the first quarter valued at about $61,000. Finally, Walleye Capital LLC purchased a new position in Crexendo in the fourth quarter valued at about $69,000. Institutional investors and hedge funds own 9.53% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on CXDO shares. Craig Hallum initiated coverage on shares of Crexendo in a research note on Monday, April 7th. They issued a "buy" rating and a $8.00 price objective for the company. Wall Street Zen cut shares of Crexendo from a "strong-buy" rating to a "buy" rating in a report on Saturday. D. Boral Capital reaffirmed a "buy" rating and issued a $10.00 target price on shares of Crexendo in a report on Wednesday, May 7th. Finally, Needham & Company LLC initiated coverage on shares of Crexendo in a report on Tuesday, July 1st. They issued a "buy" rating and a $8.00 target price for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $8.38.

Crexendo Company Profile

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.