Key Points
- COO Douglas Walter Gaylor sold a total of 30,000 shares across four recent transactions (10,000 on Sep 11, 10,000 on Nov 10, 4,000 on Nov 11 and 6,000 on Nov 12) for roughly $214,360, and after the Nov. 11 sale he directly owned 239,135 shares (a reported 1.65% decline in his position).
- Crexendo stock traded around $6.85 (market cap ~$210.5M, P/E ~68.5) and receives a consensus rating of "Moderate Buy" from analysts with a consensus price target of $9.08 (five Buy, one Hold).
Crexendo Inc. (NASDAQ:CXDO - Get Free Report) COO Douglas Walter Gaylor sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $7.50, for a total value of $30,000.00. Following the completion of the transaction, the chief operating officer directly owned 239,135 shares of the company's stock, valued at $1,793,512.50. This represents a 1.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Douglas Walter Gaylor also recently made the following trade(s):
- On Wednesday, November 12th, Douglas Walter Gaylor sold 6,000 shares of Crexendo stock. The stock was sold at an average price of $7.51, for a total transaction of $45,060.00.
- On Monday, November 10th, Douglas Walter Gaylor sold 10,000 shares of Crexendo stock. The shares were sold at an average price of $7.17, for a total transaction of $71,700.00.
- On Thursday, September 11th, Douglas Walter Gaylor sold 10,000 shares of Crexendo stock. The stock was sold at an average price of $6.76, for a total transaction of $67,600.00.
Crexendo Price Performance
Shares of NASDAQ CXDO traded up $0.07 during mid-day trading on Friday, reaching $6.85. 173,978 shares of the company's stock traded hands, compared to its average volume of 185,755. The business has a 50-day simple moving average of $6.53 and a 200 day simple moving average of $6.03. The stock has a market cap of $210.51 million, a P/E ratio of 68.51 and a beta of 0.88. Crexendo Inc. has a 1-year low of $3.75 and a 1-year high of $7.65.
Crexendo (NASDAQ:CXDO - Get Free Report) last posted its quarterly earnings data on Tuesday, June 7th. The company reported $0.02 earnings per share (EPS) for the quarter. Crexendo had a net margin of 4.75% and a return on equity of 11.33%. The business had revenue of $4.51 million during the quarter. Equities research analysts anticipate that Crexendo Inc. will post 0.14 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Crexendo
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its holdings in shares of Crexendo by 384.1% in the first quarter. Acadian Asset Management LLC now owns 337,787 shares of the company's stock valued at $1,643,000 after purchasing an additional 268,004 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Crexendo by 120.1% during the 2nd quarter. Geode Capital Management LLC now owns 318,001 shares of the company's stock worth $1,930,000 after acquiring an additional 173,530 shares during the last quarter. Pembroke Management LTD boosted its stake in shares of Crexendo by 209.3% during the third quarter. Pembroke Management LTD now owns 195,371 shares of the company's stock valued at $1,270,000 after purchasing an additional 132,201 shares during the period. Perkins Capital Management Inc. increased its position in shares of Crexendo by 241.2% during the first quarter. Perkins Capital Management Inc. now owns 170,600 shares of the company's stock worth $831,000 after acquiring an additional 120,600 shares during the period. Finally, Informed Momentum Co LLC purchased a new stake in shares of Crexendo in the 1st quarter worth $551,000. 9.53% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on CXDO shares. D. Boral Capital upped their price objective on shares of Crexendo from $10.00 to $11.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Lake Street Capital boosted their price target on shares of Crexendo from $8.00 to $8.50 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Crexendo in a report on Tuesday, October 14th. Needham & Company LLC increased their target price on Crexendo from $8.00 to $9.00 and gave the company a "buy" rating in a report on Thursday, October 30th. Finally, B. Riley reaffirmed a "buy" rating and issued a $8.00 price target (up from $7.50) on shares of Crexendo in a research note on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.08.
Check Out Our Latest Stock Report on Crexendo
Crexendo Company Profile
(
Get Free Report)
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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