Crexendo (NASDAQ:CXDO) COO Douglas Walter Gaylor Sells 5,000 Shares of Stock

Crexendo Inc. (NASDAQ:CXDO) COO Douglas Walter Gaylor sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $10.35, for a total value of $51,750.00. Following the completion of the sale, the chief operating officer owned 222,816 shares of the company’s stock, valued at $2,306,145.60. This trade represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Douglas Walter Gaylor also recently made the following trade(s):

• On Friday, May 29th, Douglas Walter Gaylor sold 55,000 shares of Crexendo stock. The shares were sold at an average price of $10.00, for a total value of $550,000.00.
• On Monday, June 1st, Douglas Walter Gaylor sold 20,000 shares of Crexendo stock. The shares were sold at an average price of $9.99, for a total value of $199,800.00.
• On Thursday, May 14th, Douglas Walter Gaylor sold 10,000 shares of Crexendo stock. The shares were sold at an average price of $9.52, for a total value of $95,200.00.
• 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 value 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 value of $86,600.00.

Crexendo Price Performance

Crexendo stock opened at $10.03 on Wednesday. The stock has a market capitalization of $325.17 million, a PE ratio of 66.87 and a beta of 1.08. Crexendo Inc. has a 12 month low of $5.13 and a 12 month high of $11.23. The business has a 50 day simple moving average of $7.68 and a 200-day simple moving average of $7.00.

Crexendo (NASDAQ:CXDO) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $20.71 million during the quarter, compared to analysts’ expectations of $19.63 million. Crexendo had a return on equity of 13.84% and a net margin of 6.15%. On average, equities research analysts anticipate that Crexendo Inc. will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CXDO has been the subject of a number of recent analyst reports. Lake Street Capital restated a “buy” rating and issued a $11.00 price objective on shares of Crexendo in a research report on Wednesday, May 6th. Needham & Company LLC lifted their price target on Crexendo from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings raised Crexendo from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.40.

Institutional Trading of Crexendo

Several large investors have recently added to or reduced their stakes in CXDO. Bank of America Corp DE grew its holdings in Crexendo by 71.7% in the 4th quarter. Bank of America Corp DE now owns 6,174 shares of the company’s stock valued at $32,000 after buying an additional 2,578 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Crexendo by 28.1% in the 1st quarter. NewEdge Advisors LLC now owns 74,125 shares of the company’s stock valued at $361,000 after buying an additional 16,267 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in Crexendo in the 1st quarter valued at $431,000. Geode Capital Management LLC grew its holdings in Crexendo by 120.1% in the 2nd quarter. Geode Capital Management LLC now owns 318,001 shares of the company’s stock valued at $1,930,000 after buying an additional 173,530 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in Crexendo in the 2nd quarter valued at $41,000. 9.53% of the stock is currently owned by hedge funds and other institutional investors.

About Crexendo

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.