Key Points
- Crexendo CTO David Tzat-Kin Wang sold 25,000 shares at an average price of $6.50, totaling $162,500. Following the transaction, he owned 534,747 shares, a 4.47% reduction in his stake.
- Crexendo shares opened at $5.91 and were down 3.7%, trading near their 52-week low of $5.55. The company recently reported quarterly EPS of $0.12, beating analyst expectations by $0.02, on revenue of $24.65 million.
- Analysts maintain a generally positive view, with three Buy ratings and one Hold rating, an average “Moderate Buy” consensus, and an average price target of $10.50 versus the current share price.
Crexendo Inc. (NASDAQ:CXDO - Get Free Report) CTO David Tzat-Kin Wang sold 25,000 shares of the firm's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $6.50, for a total value of $162,500.00. Following the sale, the chief technology officer owned 534,747 shares of the company's stock, valued at $3,475,855.50. The trade was a 4.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
David Tzat-Kin Wang also recently made the following trade(s):
- On Monday, June 15th, David Tzat-Kin Wang sold 25,000 shares of Crexendo stock. The shares were sold at an average price of $7.49, for a total transaction of $187,250.00.
- On Friday, June 12th, David Tzat-Kin Wang sold 25,000 shares of Crexendo stock. The stock was sold at an average price of $7.39, for a total transaction of $184,750.00.
Crexendo Stock Down 3.7%
CXDO opened at $5.91 on Wednesday. The company has a market capitalization of $196.51 million, a PE ratio of 42.21 and a beta of 1.12. The business has a 50-day moving average of $7.04 and a 200-day moving average of $7.20. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.06 and a quick ratio of 1.98. Crexendo Inc. has a fifty-two week low of $5.55 and a fifty-two week high of $11.23.
Crexendo (NASDAQ:CXDO - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. Crexendo had a net margin of 5.31% and a return on equity of 14.34%. The firm had revenue of $24.65 million during the quarter, compared to analysts' expectations of $24.65 million. Equities research analysts forecast that Crexendo Inc. will post 0.34 EPS for the current fiscal year.
Institutional Investors Weigh In On Crexendo
Several large investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Crexendo in the second quarter valued at $7,957,000. Vanguard Group Inc. boosted its stake in 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 purchasing an additional 70,791 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Crexendo by 26.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 406,442 shares of the company's stock worth $2,508,000 after purchasing an additional 85,943 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Crexendo by 14.3% during the fourth quarter. Geode Capital Management LLC now owns 401,356 shares of the company's stock worth $2,598,000 after purchasing an additional 50,288 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake 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 valued at $2,346,000 after buying an additional 52,200 shares in the last quarter. 9.53% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have recently weighed in on CXDO. Needham & Company LLC boosted their price objective on shares of Crexendo from $9.00 to $12.00 and gave the stock a "buy" rating in a research note on Wednesday, May 6th. Lake Street Capital reiterated a "buy" rating and issued a $11.00 target price on shares of Crexendo in a report on Wednesday, May 6th. Weiss Ratings reissued a "hold (c+)" rating on shares of Crexendo in a research report on Monday, August 3rd. Finally, B. Riley Financial decreased their target price on Crexendo from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Wednesday, August 5th. Three 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $10.50.
Read Our Latest Stock Report on CXDO
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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