Crexendo, Inc. (NASDAQ:CXDO - Get Free Report) COO Douglas Walter Gaylor sold 10,000 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $6.27, for a total value of $62,700.00. Following the sale, the chief operating officer now owns 230,007 shares of the company's stock, valued at $1,442,143.89. This trade represents a 4.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Crexendo Stock Down 6.7 %
CXDO opened at $5.75 on Friday. The stock has a fifty day moving average of $5.94 and a 200-day moving average of $5.41. The firm has a market capitalization of $160.43 million, a P/E ratio of 191.73 and a beta of 1.15. Crexendo, Inc. has a 12-month low of $2.92 and a 12-month high of $7.34.
Institutional Trading of Crexendo
A number of hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC lifted its holdings in shares of Crexendo by 16.4% in the fourth quarter. Renaissance Technologies LLC now owns 274,100 shares of the company's stock valued at $1,434,000 after purchasing an additional 38,700 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Crexendo by 65.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 217,648 shares of the company's stock worth $1,138,000 after acquiring an additional 86,162 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Crexendo by 18.4% during the third quarter. Geode Capital Management LLC now owns 140,193 shares of the company's stock worth $651,000 after acquiring an additional 21,739 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of Crexendo by 36.9% during the fourth quarter. Two Sigma Investments LP now owns 124,638 shares of the company's stock worth $652,000 after acquiring an additional 33,602 shares in the last quarter. Finally, Integrated Quantitative Investments LLC purchased a new stake in shares of Crexendo during the fourth quarter worth $304,000. Hedge funds and other institutional investors own 9.53% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently commented on CXDO shares. D. Boral Capital increased their price objective on Crexendo from $7.00 to $10.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. B. Riley reiterated a "buy" rating and set a $7.50 price objective (up previously from $6.75) on shares of Crexendo in a research report on Wednesday, March 5th.
Read Our Latest Stock Analysis on CXDO
About Crexendo
(
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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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