David Tzat-Kin Wang Sells 12,293 Shares of Crexendo, Inc. (NASDAQ:CXDO) Stock

Crexendo, Inc. (NASDAQ:CXDO) CTO David Tzat-Kin Wang sold 12,293 shares of Crexendo stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $5.15, for a total value of $63,308.95. Following the completion of the transaction, the chief technology officer now directly owns 443,079 shares of the company’s stock, valued at approximately $2,281,856.85. This represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, December 16th, David Tzat-Kin Wang sold 106,667 shares of Crexendo stock. The stock was sold at an average price of $4.90, for a total transaction of $522,668.30.
• On Tuesday, December 10th, David Tzat-Kin Wang sold 6,000 shares of Crexendo stock. The stock was sold at an average price of $5.15, for a total value of $30,900.00.

Crexendo Trading Up 2.9 %

Shares of CXDO stock opened at $5.30 on Wednesday. Crexendo, Inc. has a 12 month low of $2.92 and a 12 month high of $7.59. The company has a market cap of $141.59 million, a P/E ratio of 176.67 and a beta of 1.10. The firm has a fifty day moving average price of $5.38 and a 200 day moving average price of $4.55.

Hedge Funds Weigh In On Crexendo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CXDO. GSA Capital Partners LLP boosted its stake in Crexendo by 41.2% in the third quarter. GSA Capital Partners LLP now owns 17,598 shares of the company’s stock valued at $82,000 after acquiring an additional 5,139 shares in the last quarter. Advisor Resource Council purchased a new position in shares of Crexendo in the 3rd quarter valued at approximately $93,000. Geode Capital Management LLC increased its holdings in shares of Crexendo by 18.4% in the third quarter. Geode Capital Management LLC now owns 140,193 shares of the company’s stock valued at $651,000 after purchasing an additional 21,739 shares during the period. Barclays PLC purchased a new stake in shares of Crexendo during the third quarter worth approximately $109,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Crexendo by 7.2% during the first quarter. Vanguard Group Inc. now owns 455,956 shares of the company’s stock worth $2,193,000 after purchasing an additional 30,646 shares during the period. 9.53% of the stock is owned by institutional investors and hedge funds.

About Crexendo

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.