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 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 completion of the transaction, the chief technology officer now owns 422,597 shares in the company, valued at approximately $1,242,435.18. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock was 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.

Shares of Crexendo stock remained flat at $$3.12 on Thursday. The stock had a trading volume of 10,020 shares, compared to its average volume of 39,858. Crexendo, Inc. has a 1-year low of $2.10 and a 1-year high of $7.20. The company has a market capitalization of $69.96 million, a P/E ratio of -22.28 and a beta of 1.45. The stock’s fifty day moving average is $2.85 and its 200 day moving average is $3.74.

Crexendo (NASDAQ:CXDOGet Rating) last posted its earnings results on Monday, March 21st. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The business had revenue of $9.00 million for the quarter, compared to analysts’ expectations 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 firm earned $0.37 EPS. Analysts predict 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 paid a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Thursday, May 26th. Crexendo’s payout ratio is -14.28%.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Crexendo by 3.5% during the first 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 last quarter. Essex Investment Management Co. LLC lifted its stake in Crexendo by 62.7% during the fourth 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 last quarter. Janney Montgomery Scott LLC purchased a new stake in Crexendo during the first quarter worth approximately $88,000. Finally, Acadian Asset Management LLC purchased a new stake in Crexendo in the fourth quarter valued at approximately $56,000. Hedge funds and other institutional investors own 5.79% of the company’s stock.

Several equities analysts have weighed in on the company. B. Riley dropped their target price on Crexendo from $6.50 to $4.00 in a research report on Friday, May 13th. Lake Street Capital dropped their target price on Crexendo from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, March 22nd.

About Crexendo (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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