Crexendo (NASDAQ:CXDO) COO Douglas Walter Gaylor Sells 4,000 Shares of Stock

Crexendo Inc. (NASDAQ:CXDO) COO Douglas Walter Gaylor sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $7.50, for a total value of $30,000.00. Following the sale, the chief operating officer owned 239,135 shares in the company, valued at $1,793,512.50. The trade was a 1.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, November 12th, Douglas Walter Gaylor sold 6,000 shares of Crexendo stock. The stock was sold at an average price of $7.51, for a total value of $45,060.00.
• 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 stock was sold at an average price of $6.76, for a total transaction of $67,600.00.

Crexendo Stock Up 1.0%

Shares of NASDAQ:CXDO traded up $0.07 during trading on Friday, hitting $6.85. 173,978 shares of the company traded hands, compared to its average volume of 185,755. Crexendo Inc. has a one year low of $3.75 and a one year high of $7.65. The business’s fifty day moving average is $6.53 and its 200-day moving average is $6.03. The stock has a market capitalization of $210.51 million, a price-to-earnings ratio of 68.51 and a beta of 0.88.

Crexendo (NASDAQ:CXDO) last released its quarterly earnings results on Tuesday, June 7th. The company reported $0.02 EPS for the quarter. Crexendo had a net margin of 4.75% and a return on equity of 11.33%. The business had revenue of $4.51 million during the quarter. On average, analysts forecast that Crexendo Inc. will post 0.14 EPS for the current year.

Institutional Investors Weigh In On Crexendo

A number of hedge funds have recently added to or reduced their stakes in CXDO. Informed Momentum Co LLC bought a new stake in shares of Crexendo in the first quarter worth $551,000. Goldman Sachs Group Inc. acquired a new position in shares of Crexendo during the 1st quarter worth approximately $431,000. Perkins Capital Management Inc. boosted its holdings in shares of Crexendo by 241.2% during the 1st quarter. Perkins Capital Management Inc. now owns 170,600 shares of the company’s stock worth $831,000 after buying an additional 120,600 shares during the period. Pembroke Management LTD acquired a new position in shares of Crexendo in the second quarter valued at approximately $383,000. Finally, Acadian Asset Management LLC boosted its position in shares of Crexendo by 384.1% in the first quarter. Acadian Asset Management LLC now owns 337,787 shares of the company’s stock valued at $1,643,000 after acquiring an additional 268,004 shares during the period. Institutional investors own 9.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. D. Boral Capital increased their target price on shares of Crexendo from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. B. Riley reaffirmed a “buy” rating and set a $8.00 price objective (up from $7.50) on shares of Crexendo in a research note on Wednesday, November 5th. Needham & Company LLC lifted their price target on Crexendo from $8.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Wall Street Zen upgraded shares of Crexendo from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Finally, Northland Securities set a $10.00 price target on Crexendo in a research note on Wednesday, November 5th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.08.

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.