Key Points
- Crexendo CTO David Tzat-Kin Wang sold 20,482 shares on March 9 at $7.00 each for $143,374, leaving him with 629,949 shares — a 3.15% reduction in his stake (valued at about $4.41M).
- The company reported quarterly EPS of $0.09 versus $0.08 expected and revenue of $18.06M (slightly below the $18.14M consensus), and analysts maintain a “Moderate Buy” consensus with an average price target of $9.17.
- Shares opened at $6.83 and were trading down ~1.6%; Crexendo has a market cap of roughly $212.8M, a P/E of 40.18, 50-/200-day SMAs near $6.62/$6.57, and a 52‑week range of $3.75–$7.80.
Crexendo Inc. (NASDAQ:CXDO - Get Free Report) CTO David Tzat-Kin Wang sold 20,482 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $7.00, for a total transaction of $143,374.00. Following the transaction, the chief technology officer directly owned 629,949 shares in the company, valued at $4,409,643. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Crexendo Trading Down 1.6%
Shares of CXDO stock opened at $6.83 on Wednesday. The stock has a market cap of $212.75 million, a P/E ratio of 40.18 and a beta of 0.98. The stock has a 50 day simple moving average of $6.62 and a 200 day simple moving average of $6.57. Crexendo Inc. has a 1 year low of $3.75 and a 1 year high of $7.80.
Crexendo (NASDAQ:CXDO - Get Free Report) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The business had revenue of $18.06 million for the quarter, compared to the consensus estimate of $18.14 million. Crexendo had a return on equity of 13.74% and a net margin of 7.44%. Analysts forecast that Crexendo Inc. will post 0.14 EPS for the current year.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on CXDO. Lake Street Capital raised their price target on Crexendo from $8.50 to $9.00 and gave the stock a "buy" rating in a research report on Tuesday, March 3rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Crexendo in a research report on Friday, January 9th. Needham & Company LLC reiterated a "buy" rating on shares of Crexendo in a research note on Monday, March 2nd. Finally, Wall Street Zen lowered shares of Crexendo from a "strong-buy" rating to a "buy" rating in a report on Friday, January 23rd. Five investment 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, Crexendo currently has a consensus rating of "Moderate Buy" and an average price target of $9.17.
View Our Latest Report on Crexendo
Institutional Investors Weigh In On Crexendo
Several institutional investors and hedge funds have recently added to or reduced their stakes in CXDO. BNP Paribas Financial Markets boosted its holdings in shares of Crexendo by 172.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,394 shares of the company's stock valued at $29,000 after purchasing an additional 2,782 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Crexendo during the 2nd quarter worth $29,000. Strive Financial Group LLC acquired a new position in shares of Crexendo during the 4th quarter worth $31,000. Huntington National Bank bought a new stake in shares of Crexendo during the 2nd quarter worth $30,000. Finally, Bank of America Corp DE lifted its position in shares of Crexendo by 71.7% during the 4th quarter. Bank of America Corp DE now owns 6,174 shares of the company's stock worth $32,000 after buying an additional 2,578 shares during the last quarter. 9.53% of the stock is currently owned by institutional investors.
Crexendo Company Profile
(
Get Free Report)
Crexendo, Inc (NASDAQ: CXDO) is a provider of cloud-based communications and collaboration solutions tailored to businesses of varying sizes. The company's flagship offering, CXsuite, integrates enterprise-grade voice, video conferencing, instant messaging, presence, and contact center functionality into a single platform delivered over the internet. By leveraging hosted infrastructure and a subscription-based model, Crexendo aims to reduce on-premises hardware costs and simplify management for IT teams and resellers.
Crexendo's product portfolio includes a multi-tenant cloud PBX, SIP trunking, session border controllers and an application programming interface (API) suite that allows partners and customers to embed real-time communications into custom workflows.
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