Crexendo (NASDAQ:CXDO) COO Douglas Walter Gaylor Sells 10,000 Shares of Stock

Crexendo Inc. (NASDAQ:CXDO) COO Douglas Walter Gaylor sold 10,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $9.52, for a total transaction of $95,200.00. Following the transaction, the chief operating officer owned 221,413 shares in the company, valued at $2,107,851.76. The trade was a 4.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, May 6th, Douglas Walter Gaylor sold 20,000 shares of Crexendo stock. The shares were sold at an average price of $9.37, for a total transaction of $187,400.00.
• On Tuesday, May 5th, Douglas Walter Gaylor sold 10,000 shares of Crexendo stock. The shares were sold at an average price of $8.66, for a total transaction of $86,600.00.

Crexendo Stock Down 2.3%

Crexendo stock opened at $9.66 on Tuesday. Crexendo Inc. has a 12-month low of $5.08 and a 12-month high of $9.90. The firm’s fifty day moving average is $7.05 and its 200 day moving average is $6.79. The company has a market capitalization of $313.18 million, a PE ratio of 64.40 and a beta of 0.93.

Crexendo (NASDAQ:CXDO) last released its earnings results on Tuesday, May 5th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Crexendo had a net margin of 6.15% and a return on equity of 13.84%. The company had revenue of $20.71 million for the quarter, compared to the consensus estimate of $19.63 million. Sell-side analysts expect that Crexendo Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CXDO has been the topic of a number of research reports. Needham & Company LLC boosted their target price on shares of Crexendo from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Lake Street Capital restated a “buy” rating and set a $11.00 price objective on shares of Crexendo in a report on Wednesday, May 6th. Wall Street Zen downgraded shares of Crexendo from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. Finally, Weiss Ratings upgraded shares of Crexendo from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Crexendo has a consensus rating of “Moderate Buy” and an average price target of $10.40.

Institutional Trading of Crexendo

Several institutional investors and hedge funds have recently made changes to their positions in the company. Essex Investment Management Co. LLC raised its holdings in shares of Crexendo by 3.3% in the third quarter. Essex Investment Management Co. LLC now owns 745,504 shares of the company’s stock valued at $4,846,000 after purchasing an additional 23,676 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Crexendo by 11.2% in the third quarter. Vanguard Group Inc. now owns 701,898 shares of the company’s stock valued at $4,562,000 after purchasing an additional 70,791 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Crexendo by 26.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 406,442 shares of the company’s stock valued at $2,508,000 after purchasing an additional 85,943 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Crexendo by 14.3% in the fourth quarter. Geode Capital Management LLC now owns 401,356 shares of the company’s stock valued at $2,598,000 after purchasing an additional 50,288 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Crexendo by 15.9% in the first quarter. Dimensional Fund Advisors LP now owns 380,327 shares of the company’s stock valued at $2,346,000 after purchasing an additional 52,200 shares during the last quarter. Hedge funds and other institutional investors own 9.53% of the company’s stock.

Crexendo Company Profile

Crexendo, Inc (NASDAQ: CXDO) is a provider of cloud-based communications and collaboration solutions tailored to businesses of varying sizes. The company’s flagship offering, CXsuite, integrates enterprise-grade voice, video conferencing, instant messaging, presence, and contact center functionality into a single platform delivered over the internet. By leveraging hosted infrastructure and a subscription-based model, Crexendo aims to reduce on-premises hardware costs and simplify management for IT teams and resellers.

Crexendo’s product portfolio includes a multi-tenant cloud PBX, SIP trunking, session border controllers and an application programming interface (API) suite that allows partners and customers to embed real-time communications into custom workflows.