Insider Selling: Crexendo, Inc. (NASDAQ:CXDO) CTO Sells $522,668.30 in Stock

Crexendo, Inc. (NASDAQ:CXDO) CTO David Tzat-Kin Wang sold 106,667 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $4.90, for a total transaction of $522,668.30. Following the completion of the sale, the chief technology officer now directly owns 443,079 shares in the company, valued at approximately $2,171,087.10. The trade was a 19.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, December 13th, David Tzat-Kin Wang sold 12,293 shares of Crexendo stock. The shares were sold at an average price of $5.15, for a total value of $63,308.95.
• 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 Price Performance

Shares of CXDO stock opened at $4.92 on Friday. The stock’s fifty day simple moving average is $5.38 and its 200 day simple moving average is $4.55. Crexendo, Inc. has a one year low of $2.92 and a one year high of $7.59. The firm has a market cap of $131.46 million, a price-to-earnings ratio of 164.05 and a beta of 1.10.

Institutional Investors Weigh In On Crexendo

Several institutional investors and hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP lifted its holdings in Crexendo by 41.2% during the 3rd quarter. GSA Capital Partners LLP now owns 17,598 shares of the company’s stock valued at $82,000 after purchasing an additional 5,139 shares during the last quarter. Advisor Resource Council acquired a new stake in shares of Crexendo during the third quarter worth approximately $93,000. Barclays PLC bought a new position in shares of Crexendo in the third quarter valued at approximately $109,000. Bailard Inc. acquired a new position in shares of Crexendo in the 2nd quarter worth approximately $113,000. Finally, Dimensional Fund Advisors LP grew its position in Crexendo by 476.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 101,273 shares of the company’s stock worth $319,000 after acquiring an additional 83,702 shares during the last quarter. Institutional investors and hedge funds own 9.53% of the company’s stock.

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.