Douglas Walter Gaylor Sells 6,000 Shares of Crexendo (NASDAQ:CXDO) Stock

Crexendo Inc. (NASDAQ:CXDO) COO Douglas Walter Gaylor sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $7.51, for a total value of $45,060.00. Following the completion of the transaction, the chief operating officer directly owned 233,135 shares in the company, valued at $1,750,843.85. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, November 11th, Douglas Walter Gaylor sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $7.50, for a total value of $30,000.00.
• 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 value of $67,600.00.

Crexendo Stock Performance

Shares of NASDAQ:CXDO opened at $6.81 on Friday. The business has a fifty day moving average of $6.54 and a 200-day moving average of $6.04. Crexendo Inc. has a twelve month low of $3.75 and a twelve month high of $7.65. The firm has a market cap of $209.28 million, a PE ratio of 68.11 and a beta of 0.88.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CXDO. Police & Firemen s Retirement System of New Jersey bought a new stake in Crexendo in the second quarter valued at about $29,000. BNP Paribas Financial Markets grew its position in shares of Crexendo by 172.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,394 shares of the company’s stock worth $29,000 after buying an additional 2,782 shares during the period. Huntington National Bank bought a new stake in shares of Crexendo in the 2nd quarter valued at about $30,000. Bank of America Corp DE increased its stake in shares of Crexendo by 71.7% in the 4th quarter. Bank of America Corp DE now owns 6,174 shares of the company’s stock valued at $32,000 after acquiring an additional 2,578 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Crexendo in the 2nd quarter valued at approximately $41,000. 9.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Crexendo in a report on Tuesday, October 14th. Needham & Company LLC increased their price objective on Crexendo from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Lake Street Capital boosted their target price on Crexendo from $8.00 to $8.50 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. B. Riley reaffirmed a “buy” rating and set a $8.00 price target (up previously from $7.50) on shares of Crexendo in a research note on Wednesday, November 5th. Finally, Northland Securities set a $10.00 price objective on Crexendo in a research report on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.