Crexendo, Inc. (NASDAQ:CXDO) CTO Sells $11,760.00 in Stock

Crexendo, Inc. (NASDAQ:CXDOGet Rating) CTO David Tzat-Kin Wang sold 4,000 shares of the company’s stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of $2.94, for a total value of $11,760.00. Following the completion of the sale, the chief technology officer now directly owns 422,597 shares in the company, valued at approximately $1,242,435.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

David Tzat-Kin Wang also recently made the following trade(s):

  • On Wednesday, June 15th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $2.58, for a total value of $10,320.00.
  • On Wednesday, June 8th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $2.87, for a total value of $11,480.00.
  • On Wednesday, June 1st, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $2.87, for a total value of $11,480.00.
  • On Wednesday, May 25th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $2.76, for a total value of $11,040.00.
  • On Wednesday, May 18th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $3.02, for a total value of $12,080.00.
  • On Wednesday, May 11th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The stock was sold at an average price of $2.12, for a total value of $8,480.00.
  • On Wednesday, May 4th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The stock was sold at an average price of $2.73, for a total value of $10,920.00.
  • On Wednesday, April 27th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The stock was sold at an average price of $2.80, for a total value of $11,200.00.
  • On Wednesday, April 20th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The stock was sold at an average price of $3.03, for a total value of $12,120.00.
  • On Wednesday, April 13th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The stock was sold at an average price of $3.11, for a total value of $12,440.00.

Shares of CXDO stock remained flat at $$3.12 during trading hours on Thursday. The stock had a trading volume of 10,020 shares, compared to its average volume of 39,858. Crexendo, Inc. has a fifty-two week low of $2.10 and a fifty-two week high of $7.20. The stock has a market capitalization of $69.96 million, a P/E ratio of -22.28 and a beta of 1.45. The company’s fifty day simple moving average is $2.85 and its two-hundred day simple moving average is $3.74.

Crexendo (NASDAQ:CXDOGet Rating) last posted its earnings results on Monday, March 21st. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Crexendo had a negative net margin of 9.29% and a negative return on equity of 0.86%. The company had revenue of $9.00 million during the quarter, compared to analyst estimates of $8.84 million. During the same quarter last year, the business posted $0.37 EPS. On average, equities analysts predict that Crexendo, Inc. will post 0.05 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Monday, May 30th were paid a $0.005 dividend. The ex-dividend date of this dividend was Thursday, May 26th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.64%. Crexendo’s dividend payout ratio (DPR) is currently -14.28%.

Hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new stake in shares of Crexendo in the fourth quarter valued at about $56,000. Janney Montgomery Scott LLC acquired a new stake in Crexendo during the 1st quarter valued at approximately $88,000. Essex Investment Management Co. LLC grew its stake in Crexendo by 62.7% during the 4th quarter. Essex Investment Management Co. LLC now owns 165,780 shares of the company’s stock valued at $829,000 after purchasing an additional 63,860 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Crexendo by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 380,579 shares of the company’s stock valued at $1,382,000 after purchasing an additional 12,895 shares in the last quarter. Institutional investors and hedge funds own 5.79% of the company’s stock.

A number of equities analysts have recently commented on the company. Lake Street Capital cut their price objective on Crexendo from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, March 22nd. B. Riley cut their price objective on Crexendo from $6.50 to $4.00 in a report on Friday, May 13th.

Crexendo Company Profile (Get Rating)

Crexendo, Inc provides cloud communication, unified communications as a service, call center, collaboration, and other cloud business services for businesses in the United States, Canada, and internationally. It operates through two segments, Cloud Telecommunications and Web Services. 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 resells broadband Internet services.

See Also

Insider Buying and Selling by Quarter for Crexendo (NASDAQ:CXDO)

Receive News & Ratings for Crexendo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crexendo and related companies with MarketBeat.com's FREE daily email newsletter.