David Tzat-Kin Wang Sells 106,667 Shares of Crexendo, Inc. (NASDAQ:CXDO) Stock

Crexendo, Inc. (NASDAQ:CXDO) CTO David Tzat-Kin Wang sold 106,667 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $4.90, for a total value of $522,668.30. Following the completion of the transaction, the chief technology officer now directly owns 443,079 shares in the company, valued at approximately $2,171,087.10. This represents a 19.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, December 13th, David Tzat-Kin Wang sold 12,293 shares of Crexendo stock. The stock was sold at an average price of $5.15, for a total transaction of $63,308.95.
• On Tuesday, December 10th, David Tzat-Kin Wang sold 6,000 shares of Crexendo stock. The stock was sold at an average price of $5.15, for a total value of $30,900.00.

Crexendo Stock Down 2.6 %

CXDO stock opened at $5.16 on Thursday. The company’s 50-day moving average price is $5.39 and its two-hundred day moving average price is $4.55. Crexendo, Inc. has a 12 month low of $2.92 and a 12 month high of $7.59. The firm has a market cap of $137.88 million, a P/E ratio of 172.06 and a beta of 1.10.

Hedge Funds Weigh In On Crexendo

Several institutional investors and hedge funds have recently added to or reduced their stakes in CXDO. Vanguard Group Inc. grew its holdings in shares of 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. Bailard Inc. acquired a new stake in Crexendo during the 2nd quarter worth approximately $113,000. Acadian Asset Management LLC grew its holdings in Crexendo by 73.1% during the 2nd quarter. Acadian Asset Management LLC now owns 218,345 shares of the company’s stock worth $685,000 after acquiring an additional 92,196 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Crexendo by 476.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 101,273 shares of the company’s stock valued at $319,000 after acquiring an additional 83,702 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Crexendo by 229.9% during the second quarter. Renaissance Technologies LLC now owns 364,565 shares of the company’s stock valued at $1,147,000 after acquiring an additional 254,065 shares during the last quarter. Institutional investors own 9.53% of the company’s stock.

Crexendo Company Profile

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.