Key Points
- Crexendo COO Douglas Walter Gaylor sold 10,000 shares on May 14 at an average price of $9.52, for proceeds of $95,200. After the sale, he still held 221,413 shares, and the transaction reduced his stake by 4.32%.
- This follows two earlier insider sales by Gaylor in early May, including 20,000 shares on May 6 and 10,000 shares on May 5, suggesting a pattern of recent insider selling.
- Crexendo recently beat earnings and revenue expectations, posting $0.10 EPS on $20.71 million in revenue. Analysts remain mostly bullish, with four Buy ratings, one Hold, and an average price target of $10.40.
Crexendo Inc. (NASDAQ:CXDO - Get Free Report) COO Douglas Walter Gaylor sold 10,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $9.52, for a total transaction of $95,200.00. Following the transaction, the chief operating officer owned 221,413 shares of the company's stock, valued at approximately $2,107,851.76. The trade was a 4.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Douglas Walter Gaylor also recently made the following trade(s):
- On Wednesday, May 6th, Douglas Walter Gaylor sold 20,000 shares of Crexendo stock. The shares were sold at an average price of $9.37, for a total transaction of $187,400.00.
- On Tuesday, May 5th, Douglas Walter Gaylor sold 10,000 shares of Crexendo stock. The shares were sold at an average price of $8.66, for a total transaction of $86,600.00.
Crexendo Stock Performance
CXDO opened at $9.66 on Tuesday. The firm has a market cap of $313.18 million, a P/E ratio of 64.40 and a beta of 0.93. The firm has a 50-day moving average of $7.05 and a 200 day moving average of $6.79. Crexendo Inc. has a fifty-two week low of $5.08 and a fifty-two week high of $9.90.
Crexendo (NASDAQ:CXDO - Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. The company had revenue of $20.71 million during the quarter, compared to analyst estimates of $19.63 million. Crexendo had a net margin of 6.15% and a return on equity of 13.84%. Equities research analysts predict that Crexendo Inc. will post 0.36 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Crexendo
A number of institutional investors and hedge funds have recently modified their holdings of the company. Essex Investment Management Co. LLC lifted its holdings in shares of Crexendo by 3.3% in the third quarter. Essex Investment Management Co. LLC now owns 745,504 shares of the company's stock worth $4,846,000 after buying an additional 23,676 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Crexendo by 11.2% in the third quarter. Vanguard Group Inc. now owns 701,898 shares of the company's stock worth $4,562,000 after buying an additional 70,791 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Crexendo by 26.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 406,442 shares of the company's stock worth $2,508,000 after buying an additional 85,943 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Crexendo by 14.3% in the fourth quarter. Geode Capital Management LLC now owns 401,356 shares of the company's stock worth $2,598,000 after buying an additional 50,288 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Crexendo by 15.9% in the first quarter. Dimensional Fund Advisors LP now owns 380,327 shares of the company's stock worth $2,346,000 after buying an additional 52,200 shares in the last quarter. 9.53% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
CXDO has been the subject of several research reports. Needham & Company LLC increased their price target on shares of Crexendo from $9.00 to $12.00 and gave the company a "buy" rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of Crexendo from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, May 6th. Wall Street Zen lowered shares of Crexendo from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 23rd. Finally, Lake Street Capital reiterated a "buy" rating and set a $11.00 target price on shares of Crexendo in a research report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $10.40.
Check Out Our Latest Report on Crexendo
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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