Crexendo, Inc. (NASDAQ:CXDO) Insider Sells $102,710.01 in Stock

Crexendo, Inc. (NASDAQ:CXDO) insider Anand Buch sold 20,501 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $5.01, for a total transaction of $102,710.01. Following the completion of the transaction, the insider now owns 548,139 shares in the company, valued at $2,746,176.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Anand Buch also recently made the following trade(s):

• On Thursday, August 22nd, Anand Buch sold 28,900 shares of Crexendo stock. The stock was sold at an average price of $5.01, for a total value of $144,789.00.
• On Monday, August 19th, Anand Buch sold 1,000 shares of Crexendo stock. The stock was sold at an average price of $5.34, for a total value of $5,340.00.
• On Friday, August 16th, Anand Buch sold 7,701 shares of Crexendo stock. The stock was sold at an average price of $5.29, for a total transaction of $40,738.29.
• On Wednesday, August 14th, Anand Buch sold 20,501 shares of Crexendo stock. The shares were sold at an average price of $4.91, for a total transaction of $100,659.91.
• On Friday, June 14th, Anand Buch sold 11,950 shares of Crexendo stock. The stock was sold at an average price of $3.04, for a total transaction of $36,328.00.

Crexendo Stock Performance

NASDAQ:CXDO opened at $5.16 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.01. Crexendo, Inc. has a fifty-two week low of $1.54 and a fifty-two week high of $7.59. The firm has a market cap of $137.78 million, a PE ratio of 103.20 and a beta of 1.17. The business has a 50 day moving average price of $4.09 and a 200-day moving average price of $4.38.

Crexendo (NASDAQ:CXDO) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $14.69 million for the quarter, compared to analysts’ expectations of $14.18 million. Crexendo had a net margin of 3.01% and a return on equity of 10.88%. Equities research analysts predict that Crexendo, Inc. will post 0.13 earnings per share for the current year.

Analysts Set New Price Targets

Separately, B. Riley raised their price objective on Crexendo from $5.75 to $6.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th.

Institutional Trading of Crexendo

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AJOVista LLC purchased a new position in Crexendo during the fourth quarter valued at $47,000. Simplicity Wealth LLC purchased a new position in shares of Crexendo in the 1st quarter worth about $53,000. SG Americas Securities LLC bought a new position in Crexendo in the 1st quarter worth about $55,000. Heron Bay Capital Management purchased a new stake in Crexendo during the 1st quarter valued at about $87,000. Finally, Hillsdale Investment Management Inc. bought a new stake in Crexendo during the 4th quarter valued at about $108,000. Hedge funds and other institutional investors own 9.53% of the company’s stock.

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.