Crexendo, Inc. (NASDAQ:CXDO) Insider Sells $36,328.00 in Stock

Crexendo, Inc. (NASDAQ:CXDOGet Free Report) insider Anand Buch sold 11,950 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $3.04, for a total value of $36,328.00. Following the completion of the sale, the insider now owns 548,139 shares in the company, valued at $1,666,342.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Crexendo Trading Up 1.7 %

Shares of Crexendo stock traded up $0.05 during trading hours on Monday, hitting $3.05. The company’s stock had a trading volume of 228,894 shares, compared to its average volume of 203,907. Crexendo, Inc. has a 12 month low of $1.49 and a 12 month high of $7.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.01 and a quick ratio of 1.97. The company has a market capitalization of $81.22 million, a PE ratio of 61.20 and a beta of 1.16. The stock has a 50 day moving average of $3.90 and a 200 day moving average of $4.68.

Crexendo (NASDAQ:CXDOGet Free Report) last released its earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Crexendo had a return on equity of 10.88% and a net margin of 3.01%. The firm had revenue of $14.29 million during the quarter, compared to analysts’ expectations of $14.10 million. Analysts predict that Crexendo, Inc. will post 0.13 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. B. Riley upgraded Crexendo from a “neutral” rating to a “buy” rating and lowered their price target for the company from $6.75 to $5.75 in a research report on Wednesday, May 8th. Lake Street Capital raised their target price on Crexendo from $5.50 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, TheStreet raised shares of Crexendo from a “d” rating to a “c” rating in a research report on Tuesday, March 19th.

View Our Latest Analysis on CXDO

Institutional Trading of Crexendo

Hedge funds have recently made changes to their positions in the business. AJOVista LLC acquired a new stake in shares of Crexendo during the fourth quarter worth $47,000. Hillsdale Investment Management Inc. bought a new position in Crexendo in the fourth quarter valued at approximately $108,000. Vanguard Group Inc. lifted its stake in Crexendo by 7.2% during the first quarter. Vanguard Group Inc. now owns 455,956 shares of the company’s stock worth $2,193,000 after purchasing an additional 30,646 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Crexendo during the 1st quarter worth $55,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Crexendo during the 1st quarter worth $605,000. 9.53% of the stock is owned by institutional investors and hedge funds.

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.

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

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