Crexendo (NASDAQ:CXDO) COO Sells $199,800.00 in Stock

Crexendo Inc. (NASDAQ:CXDO) COO Douglas Walter Gaylor sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $9.99, for a total transaction of $199,800.00. Following the completion of the transaction, the chief operating officer owned 227,816 shares of the company’s stock, valued at $2,275,881.84. This trade represents a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Friday, May 29th, Douglas Walter Gaylor sold 55,000 shares of Crexendo stock. The shares were sold at an average price of $10.00, for a total transaction of $550,000.00.
• On Tuesday, June 2nd, Douglas Walter Gaylor sold 5,000 shares of Crexendo stock. The shares were sold at an average price of $10.35, for a total transaction of $51,750.00.
• On Thursday, May 14th, Douglas Walter Gaylor sold 10,000 shares of Crexendo stock. The shares were sold at an average price of $9.52, for a total transaction of $95,200.00.
• 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 Trading Down 2.7%

CXDO stock opened at $8.93 on Friday. The firm has a 50 day moving average of $7.86 and a 200-day moving average of $7.05. Crexendo Inc. has a 12 month low of $5.13 and a 12 month high of $11.23. The firm has a market capitalization of $289.51 million, a P/E ratio of 59.53 and a beta of 1.08.

Crexendo (NASDAQ:CXDO) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.10 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 during the quarter, compared to analyst estimates of $19.63 million. Sell-side analysts predict that Crexendo Inc. will post 0.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Needham & Company LLC raised their price objective 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 reiterated a “buy” rating and set a $11.00 target price on shares of Crexendo in a research report on Wednesday, May 6th. Finally, Weiss Ratings upgraded shares of Crexendo from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Crexendo has an average rating of “Moderate Buy” and a consensus price target of $10.40.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. increased its position in Crexendo by 3.5% during the 1st quarter. D.A. Davidson & CO. now owns 38,463 shares of the company’s stock valued at $237,000 after purchasing an additional 1,311 shares during the period. Goldman Sachs Group Inc. increased its position in Crexendo by 2.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 94,318 shares of the company’s stock valued at $610,000 after purchasing an additional 2,260 shares during the period. Bank of America Corp DE grew its position 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 worth $32,000 after buying an additional 2,578 shares during the period. BNP Paribas Financial Markets grew its position in shares of Crexendo by 172.6% in 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. Finally, Independent Advisor Alliance grew its position in shares of Crexendo by 13.2% in the 3rd quarter. Independent Advisor Alliance now owns 24,725 shares of the company’s stock worth $161,000 after buying an additional 2,890 shares during the period. 9.53% of the stock is owned by hedge funds and other institutional investors.

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.