Crexendo, Inc. (NASDAQ:CXDO) COO Sells $62,700.00 in Stock

Crexendo, Inc. (NASDAQ:CXDO) COO Douglas Walter Gaylor sold 10,000 shares of Crexendo stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $6.27, for a total value of $62,700.00. Following the transaction, the chief operating officer now owns 230,007 shares in the company, valued at $1,442,143.89. This trade represents a 4.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Crexendo Stock Performance

NASDAQ CXDO opened at $5.75 on Monday. The stock has a market capitalization of $160.43 million, a price-to-earnings ratio of 191.73 and a beta of 1.15. The stock’s 50 day moving average price is $5.94 and its two-hundred day moving average price is $5.42. Crexendo, Inc. has a 52 week low of $2.92 and a 52 week high of $7.34.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CXDO. D. Boral Capital lifted their price objective on Crexendo from $7.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, March 6th. B. Riley restated a “buy” rating and issued a $7.50 target price (up previously from $6.75) on shares of Crexendo in a research note on Wednesday, March 5th.

Institutional Investors Weigh In On Crexendo

Several institutional investors have recently bought and sold shares of the company. Barclays PLC lifted its stake in Crexendo by 8.9% in the 4th quarter. Barclays PLC now owns 25,688 shares of the company’s stock valued at $134,000 after acquiring an additional 2,105 shares in the last quarter. Bank of America Corp DE increased 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 purchasing an additional 2,578 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Crexendo by 41.2% during the 3rd quarter. GSA Capital Partners LLP now owns 17,598 shares of the company’s stock worth $82,000 after purchasing an additional 5,139 shares during the last quarter. Northern Trust Corp increased its position in shares of Crexendo by 44.8% during the 4th quarter. Northern Trust Corp now owns 19,680 shares of the company’s stock worth $103,000 after purchasing an additional 6,085 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV acquired a new position in shares of Crexendo during the 4th quarter worth approximately $44,000. Institutional investors own 9.53% of the company’s stock.

About Crexendo

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.