Crexendo Inc. (NASDAQ:CXDO) CFO Ron Vincent Sells 8,200 Shares

Key Points

• Ron Vincent, CFO of Crexendo Inc. (NASDAQ:CXDO), sold 8,200 shares at an average price of $6.52, totaling $53,464, reducing his ownership by 4.53%.
• Crexendo stock has seen fluctuations, recently trading at $5.83 with a market capitalization of approximately $175.89 million.
• Analysts have mixed ratings for Crexendo, with one brokerage downgrading it from "strong-buy" to "buy," while others have set target prices ranging from $8.00 to $11.00.

Crexendo Inc. (NASDAQ:CXDO - Get Free Report) CFO Ron Vincent sold 8,200 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $6.52, for a total value of $53,464.00. Following the completion of the transaction, the chief financial officer owned 172,747 shares in the company, valued at $1,126,310.44. The trade was a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, July 7th, Ron Vincent sold 1,000 shares of Crexendo stock. The stock was 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.
• On Wednesday, July 2nd, Ron Vincent sold 2,800 shares of Crexendo stock. The stock was sold at an average price of $6.54, for a total value of $18,312.00.

Crexendo Stock Performance

CXDO stock traded down $0.18 during midday trading on Monday, reaching $5.83. 335,484 shares of the company traded hands, compared to its average volume of 197,977. The firm has a market capitalization of $175.89 million, a price-to-earnings ratio of 58.31 and a beta of 0.98. Crexendo Inc. has a 52-week low of $3.75 and a 52-week high of $7.34. The business has a 50 day moving average of $5.77 and a 200-day moving average of $5.60.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CXDO. Wall Street Zen lowered Crexendo from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. Needham & Company LLC assumed coverage on Crexendo in a research report on Tuesday, July 1st. They set a "buy" rating and a $8.00 target price for the company. D. Boral Capital boosted their price target on shares of Crexendo from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Lake Street Capital upped their price target on shares of Crexendo from $8.00 to $8.50 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $8.60.

Institutional Trading of Crexendo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Police & Firemen s Retirement System of New Jersey purchased a new position in Crexendo during the second quarter worth $29,000. Huntington National Bank bought a new position in Crexendo during the 2nd quarter valued at about $30,000. Bank of America Corp DE raised its position in Crexendo by 71.7% in the 4th quarter. Bank of America Corp DE now owns 6,174 shares of the company's stock worth $32,000 after purchasing an additional 2,578 shares during the period. Detalus Advisors LLC bought a new stake in Crexendo in the first quarter worth about $49,000. Finally, Algert Global LLC purchased a new position in shares of Crexendo during the first quarter valued at approximately $61,000. Hedge funds and other institutional investors 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.

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