Douglas Walter Gaylor Sells 30,000 Shares of Crexendo, Inc. (NASDAQ:CXDO) Stock

Crexendo, Inc. (NASDAQ:CXDO) COO Douglas Walter Gaylor sold 30,000 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $6.00, for a total transaction of $180,000.00. Following the transaction, the chief operating officer now owns 219,083 shares of the company’s stock, valued at approximately $1,314,498. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Crexendo Price Performance

CXDO stock opened at $5.69 on Thursday. The firm has a 50 day moving average of $4.90 and a 200-day moving average of $4.19. The company has a market cap of $151.93 million, a price-to-earnings ratio of 113.80 and a beta of 1.18. The company has a current ratio of 2.10, a quick ratio of 2.04 and a debt-to-equity ratio of 0.01. Crexendo, Inc. has a 12-month low of $1.54 and a 12-month high of $7.59.

Crexendo (NASDAQ:CXDO) last posted its earnings results on Tuesday, August 6th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $14.69 million for the quarter, compared to the consensus estimate of $14.18 million. Crexendo had a return on equity of 12.86% and a net margin of 4.89%. As a group, equities analysts expect that Crexendo, Inc. will post 0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised their price objective on shares of Crexendo from $5.75 to $6.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th.

Institutional Investors Weigh In On Crexendo

Several institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in Crexendo during the 1st quarter valued at about $55,000. Vanguard Group Inc. increased its stake in shares of Crexendo by 7.2% during the 1st 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 in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Crexendo during the 1st quarter worth approximately $605,000. Heron Bay Capital Management purchased a new stake in Crexendo in the 1st quarter valued at approximately $87,000. Finally, Bailard Inc. acquired a new stake in Crexendo during the 2nd quarter valued at $113,000. 9.53% of the stock is currently owned by hedge funds and other institutional investors.

About Crexendo

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.