Crexendo, Inc. (NASDAQ:CXDO) CTO David Tzat-Kin Wang Sells 229,476 Shares

Crexendo, Inc. (NASDAQ:CXDOGet Free Report) CTO David Tzat-Kin Wang sold 229,476 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $5.50, for a total value of $1,262,118.00. Following the completion of the sale, the chief technology officer now directly owns 445,995 shares in the company, valued at approximately $2,452,972.50. This trade represents a 33.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Crexendo Price Performance

Shares of Crexendo stock opened at $5.92 on Tuesday. The business’s fifty day moving average price is $5.94 and its two-hundred day moving average price is $5.42. The company has a market capitalization of $165.17 million, a P/E ratio of 197.40 and a beta of 1.15. Crexendo, Inc. has a 1-year low of $2.92 and a 1-year high of $7.34.

Institutional Trading of Crexendo

Hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its stake in shares of Crexendo by 16.4% in the 4th quarter. Renaissance Technologies LLC now owns 274,100 shares of the company’s stock worth $1,434,000 after buying an additional 38,700 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Crexendo by 65.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 217,648 shares of the company’s stock worth $1,138,000 after buying an additional 86,162 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Crexendo by 18.4% in the 3rd quarter. Geode Capital Management LLC now owns 140,193 shares of the company’s stock worth $651,000 after buying an additional 21,739 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of Crexendo by 36.9% in the 4th quarter. Two Sigma Investments LP now owns 124,638 shares of the company’s stock worth $652,000 after buying an additional 33,602 shares in the last quarter. Finally, Integrated Quantitative Investments LLC bought a new stake in shares of Crexendo in the 4th quarter worth $304,000. Institutional investors own 9.53% of the company’s stock.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Analysis 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.

Further Reading

Insider Buying and Selling by Quarter for Crexendo (NASDAQ:CXDO)

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