Crexendo, Inc. (NASDAQ:CXDO) CTO David Tzat-Kin Wang Sells 4,000 Shares

Crexendo, Inc. (NASDAQ:CXDOGet Rating) CTO David Tzat-Kin Wang sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 22nd. The shares were sold at an average price of $2.94, for a total value of $11,760.00. Following the sale, the chief technology officer now owns 422,597 shares of the company’s stock, valued at approximately $1,242,435.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

David Tzat-Kin Wang also recently made the following trade(s):

  • On Wednesday, June 15th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The shares were sold at an average price of $2.58, for a total value of $10,320.00.
  • On Wednesday, June 8th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The stock was sold at an average price of $2.87, for a total value of $11,480.00.
  • On Wednesday, June 1st, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The stock was sold at an average price of $2.87, for a total value of $11,480.00.
  • On Wednesday, May 25th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The stock was sold at an average price of $2.76, for a total value of $11,040.00.
  • On Wednesday, May 18th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The stock was sold at an average price of $3.02, for a total value of $12,080.00.
  • On Wednesday, May 11th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The stock was sold at an average price of $2.12, for a total value of $8,480.00.
  • On Wednesday, May 4th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The stock was sold at an average price of $2.73, for a total value of $10,920.00.
  • On Wednesday, April 27th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The stock was sold at an average price of $2.80, for a total value of $11,200.00.
  • On Wednesday, April 20th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The stock was sold at an average price of $3.03, for a total value of $12,120.00.
  • On Wednesday, April 13th, David Tzat-Kin Wang sold 4,000 shares of Crexendo stock. The stock was sold at an average price of $3.11, for a total value of $12,440.00.

NASDAQ:CXDO remained flat at $$3.12 during trading hours on Thursday. 10,020 shares of the company were exchanged, compared to its average volume of 39,858. The stock has a market cap of $69.96 million, a P/E ratio of -22.28 and a beta of 1.45. Crexendo, Inc. has a 1 year low of $2.10 and a 1 year high of $7.20. The stock has a 50 day moving average price of $2.85 and a 200-day moving average price of $3.74.

Crexendo (NASDAQ:CXDOGet Rating) last issued its earnings results on Monday, March 21st. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $9.00 million for the quarter, compared to the consensus estimate of $8.84 million. Crexendo had a negative return on equity of 0.86% and a negative net margin of 9.29%. During the same quarter in the previous year, the business posted $0.37 earnings per share. Analysts anticipate that Crexendo, Inc. will post 0.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Monday, May 30th were issued a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Thursday, May 26th. Crexendo’s payout ratio is -14.28%.

A number of institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new position in Crexendo in the 4th quarter worth approximately $56,000. Vanguard Group Inc. boosted its stake in Crexendo by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 380,579 shares of the company’s stock worth $1,382,000 after purchasing an additional 12,895 shares during the period. Janney Montgomery Scott LLC acquired a new position in Crexendo in the 1st quarter worth approximately $88,000. Finally, Essex Investment Management Co. LLC boosted its stake in Crexendo by 62.7% in the 4th quarter. Essex Investment Management Co. LLC now owns 165,780 shares of the company’s stock worth $829,000 after purchasing an additional 63,860 shares during the period. 5.79% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently issued reports on the company. B. Riley cut their price target on Crexendo from $6.50 to $4.00 in a report on Friday, May 13th. Lake Street Capital decreased their price objective on shares of Crexendo from $9.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday, March 22nd.

Crexendo Company Profile (Get Rating)

Crexendo, Inc provides cloud communication, unified communications as a service, call center, collaboration, and other cloud business services for businesses in the United States, Canada, and internationally. It operates through two segments, Cloud Telecommunications and Web Services. 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 resells broadband Internet services.

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