Ron Vincent Sells 33,550 Shares of Crexendo (NASDAQ:CXDO) Stock

Crexendo Inc. (NASDAQ:CXDO) CFO Ron Vincent sold 33,550 shares of Crexendo stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $9.36, for a total transaction of $314,028.00. Following the completion of the sale, the chief financial officer owned 118,537 shares of the company’s stock, valued at $1,109,506.32. This trade represents a 22.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ron Vincent also recently made the following trade(s):

• On Tuesday, May 5th, Ron Vincent sold 10,000 shares of Crexendo stock. The stock was sold at an average price of $8.63, for a total transaction of $86,300.00.
• On Monday, May 4th, Ron Vincent sold 18,989 shares of Crexendo stock. The stock was sold at an average price of $8.14, for a total transaction of $154,570.46.

Crexendo Trading Down 4.3%

Shares of Crexendo stock opened at $9.36 on Friday. The firm has a fifty day simple moving average of $6.60 and a 200-day simple moving average of $6.63. Crexendo Inc. has a 1-year low of $5.08 and a 1-year high of $9.84. The stock has a market capitalization of $303.45 million, a price-to-earnings ratio of 62.40 and a beta of 0.93.

Crexendo (NASDAQ:CXDO) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.10 earnings per share for the quarter, topping 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 business had revenue of $20.71 million during the quarter, compared to analysts’ expectations of $19.63 million. As a group, research analysts predict that Crexendo Inc. will post 0.27 earnings per share for the current year.

Hedge Funds Weigh In On Crexendo

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Essex Investment Management Co. LLC increased its position in Crexendo by 3.3% during the third quarter. Essex Investment Management Co. LLC now owns 745,504 shares of the company’s stock worth $4,846,000 after acquiring an additional 23,676 shares during the period. Vanguard Group Inc. increased its position in Crexendo by 11.2% during the third quarter. Vanguard Group Inc. now owns 701,898 shares of the company’s stock worth $4,562,000 after acquiring an additional 70,791 shares during the period. Geode Capital Management LLC increased its position in Crexendo by 14.3% during the fourth quarter. Geode Capital Management LLC now owns 401,356 shares of the company’s stock worth $2,598,000 after acquiring an additional 50,288 shares during the period. Dimensional Fund Advisors LP increased its position in Crexendo by 15.9% during the first quarter. Dimensional Fund Advisors LP now owns 380,327 shares of the company’s stock worth $2,346,000 after acquiring an additional 52,200 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in Crexendo by 4.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 320,499 shares of the company’s stock worth $2,083,000 after acquiring an additional 13,845 shares during the period. Institutional investors own 9.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CXDO. Wall Street Zen cut shares of Crexendo from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Needham & Company LLC boosted their price objective on shares of Crexendo from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings upgraded shares of Crexendo from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $11.00 target price on shares of Crexendo in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Crexendo presently has an average rating of “Moderate Buy” and an average target price of $10.40.

Key Crexendo News

Here are the key news stories impacting Crexendo this week:

• Positive Sentiment: Needham & Company raised its price target on Crexendo to $12.00 and reiterated a Buy rating, reinforcing the bullish view that the shares still have room to run. Article Title
• Positive Sentiment: Crexendo’s latest quarterly results beat expectations, with EPS of $0.10 versus $0.08 expected and revenue of $20.71 million versus $19.63 million expected, supporting the company’s growth and profitability narrative. Article Title
• Positive Sentiment: Management said it will present at upcoming investor conferences, which could increase visibility with institutional investors and give the company another platform to highlight its ESI acquisition and consecutive quarters of GAAP profitability. Article Title
• Neutral Sentiment: Several analyst and commentary pieces focused on Crexendo’s growth momentum and earnings call details, adding context but not changing the near-term catalyst picture by themselves. Article Title
• Negative Sentiment: Top executives, including the CEO, COO, CFO, and CRO, disclosed sizable stock sales over May 4-6. While insider selling does not necessarily change fundamentals, it can create short-term pressure and weigh on investor sentiment. Article Title

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.