Crexendo, Inc. (NASDAQ:CXDO – Get Free Report) COO Douglas Walter Gaylor sold 30,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $6.00, for a total transaction of $180,000.00. Following the sale, the chief operating officer now directly owns 219,083 shares in the company, valued at $1,314,498. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Crexendo Price Performance
Shares of NASDAQ:CXDO opened at $5.69 on Thursday. The business has a fifty day simple moving average of $4.90 and a 200-day simple moving average of $4.19. Crexendo, Inc. has a 52 week low of $1.54 and a 52 week high of $7.59. The company has a market cap of $151.93 million, a P/E ratio of 113.80 and a beta of 1.18. The company has a quick ratio of 2.04, a current ratio of 2.10 and a debt-to-equity ratio of 0.01.
Crexendo (NASDAQ:CXDO – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. Crexendo had a return on equity of 12.86% and a net margin of 4.89%. The company had revenue of $14.69 million during the quarter, compared to analysts’ expectations of $14.18 million. Equities research analysts forecast that Crexendo, Inc. will post 0.14 EPS for the current year.
Institutional Investors Weigh In On Crexendo
Wall Street Analysts Forecast Growth
Separately, B. Riley upped their price objective on shares of Crexendo from $5.75 to $6.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th.
View Our Latest Research Report on CXDO
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.
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