Crexendo, Inc. (NASDAQ:CXDO) COO Douglas Walter Gaylor Sells 30,000 Shares

Crexendo, Inc. (NASDAQ:CXDO) COO Douglas Walter Gaylor sold 30,000 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $6.00, for a total value of $180,000.00. Following the sale, the chief operating officer now owns 219,083 shares in the company, valued at approximately $1,314,498. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Crexendo Price Performance

NASDAQ:CXDO traded down $0.02 during trading hours on Tuesday, hitting $5.86. 163,274 shares of the company’s stock traded hands, compared to its average volume of 174,032. Crexendo, Inc. has a 52 week low of $1.54 and a 52 week high of $7.59. The business’s fifty day simple moving average is $4.90 and its two-hundred day simple moving average is $4.19. The company has a quick ratio of 2.04, a current ratio of 2.10 and a debt-to-equity ratio of 0.01. The firm has a market cap of $156.47 million, a P/E ratio of 117.20 and a beta of 1.18.

Crexendo (NASDAQ:CXDO) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $14.69 million during the quarter, compared to analyst estimates of $14.18 million. Crexendo had a return on equity of 12.86% and a net margin of 4.89%. On average, research analysts anticipate that Crexendo, Inc. will post 0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in shares of Crexendo in the 1st quarter valued at about $55,000. Heron Bay Capital Management purchased a new position in Crexendo in the 1st quarter worth approximately $87,000. Bailard Inc. purchased a new position in Crexendo in the 2nd quarter worth approximately $113,000. Dimensional Fund Advisors LP lifted its position in Crexendo by 476.4% in the second quarter. Dimensional Fund Advisors LP now owns 101,273 shares of the company’s stock valued at $319,000 after purchasing an additional 83,702 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Crexendo by 49.9% during the second quarter. Marshall Wace LLP now owns 150,723 shares of the company’s stock valued at $475,000 after purchasing an additional 50,148 shares during the period. 9.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, B. Riley upped their target price on shares of Crexendo from $5.75 to $6.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th.

Crexendo Company Profile

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.