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

Crexendo, Inc. (NASDAQ:CXDO) 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) 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

A number of institutional investors have recently bought and sold shares of CXDO. Creative Planning raised its stake in Crexendo by 165.4% during the second quarter. Creative Planning now owns 1,408,151 shares of the company’s stock worth $4,429,000 after purchasing an additional 877,554 shares during the period. Essex Investment Management Co. LLC increased its holdings in shares of Crexendo by 1,473.9% during the 3rd quarter. Essex Investment Management Co. LLC now owns 828,759 shares of the company’s stock worth $3,845,000 after buying an additional 776,102 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Crexendo by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 455,956 shares of the company’s stock worth $2,193,000 after buying an additional 30,646 shares during the period. Renaissance Technologies LLC boosted its holdings in Crexendo by 229.9% in the second quarter. Renaissance Technologies LLC now owns 364,565 shares of the company’s stock valued at $1,147,000 after acquiring an additional 254,065 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in Crexendo by 73.1% during the second quarter. Acadian Asset Management LLC now owns 218,345 shares of the company’s stock valued at $685,000 after acquiring an additional 92,196 shares during the period. 9.53% of the stock is currently owned by hedge funds and other institutional investors.

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.

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.