Crexendo Inc. (NASDAQ:CXDO) CFO Sells $19,530.00 in Stock

Crexendo Inc. (NASDAQ:CXDO - Get Free Report) CFO Ron Vincent sold 3,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $6.51, for a total value of $19,530.00. Following the completion of the sale, the chief financial officer directly owned 181,746 shares of the company's stock, valued at $1,183,166.46. This represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 value of $6,500.00.
• On Wednesday, July 2nd, Ron Vincent sold 2,800 shares of Crexendo stock. The shares were sold at an average price of $6.54, for a total value of $18,312.00.

Crexendo Trading Down 0.6%

Shares of Crexendo stock traded down $0.04 during trading on Monday, reaching $6.39. The company's stock had a trading volume of 200,555 shares, compared to its average volume of 175,484. The stock has a 50-day moving average price of $5.57 and a two-hundred day moving average price of $5.52. Crexendo Inc. has a one year low of $3.01 and a one year high of $7.34. The stock has a market capitalization of $185.50 million, a P/E ratio of 79.88 and a beta of 1.15.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CXDO. Creative Financial Designs Inc. ADV bought a new position in shares of Crexendo in the fourth quarter valued at about $44,000. Perkins Capital Management Inc. bought a new position in shares of Crexendo in the fourth quarter valued at about $262,000. Congress Wealth Management LLC DE raised its holdings in shares of Crexendo by 83.3% in the fourth quarter. Congress Wealth Management LLC DE now owns 55,000 shares of the company's stock valued at $288,000 after buying an additional 25,000 shares during the last quarter. Integrated Quantitative Investments LLC bought a new position in shares of Crexendo in the fourth quarter valued at about $304,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Crexendo by 16.4% in the fourth quarter. Renaissance Technologies LLC now owns 274,100 shares of the company's stock valued at $1,434,000 after buying an additional 38,700 shares during the last quarter. 9.53% of the stock is owned by institutional investors.

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.

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