Crexendo (CXDO) Projected to Post Quarterly Earnings on Tuesday

Crexendo (NASDAQ:CXDO) will likely be issuing its quarterly earnings data after the market closes on Tuesday, March 4th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $15.64 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Crexendo Price Performance

CXDO opened at $6.61 on Tuesday. The company’s 50 day simple moving average is $5.66 and its two-hundred day simple moving average is $5.29. The firm has a market capitalization of $176.62 million, a price-to-earnings ratio of 220.41 and a beta of 1.11. Crexendo has a 1-year low of $2.92 and a 1-year high of $7.09.

Analysts Set New Price Targets

Separately, D. Boral Capital started coverage on Crexendo in a research report on Tuesday, January 21st. They set a “buy” rating and a $7.00 price target for the company.

Insider Transactions at Crexendo

In other news, CTO David Tzat-Kin Wang sold 12,293 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $5.15, for a total transaction of $63,308.95. Following the transaction, the chief technology officer now directly owns 443,079 shares in the company, valued at $2,281,856.85. This represents a 2.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey G. Korn sold 7,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $5.25, for a total transaction of $36,750.00. Following the completion of the sale, the chief executive officer now directly owns 249,730 shares of the company’s stock, valued at $1,311,082.50. The trade was a 2.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 131,960 shares of company stock worth $653,627. Company insiders own 56.20% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Crexendo stock. Bank of America Corp DE increased its holdings in Crexendo, Inc. (NASDAQ:CXDO) by 71.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,174 shares of the company’s stock after purchasing an additional 2,578 shares during the period. Bank of America Corp DE’s holdings in Crexendo were worth $32,000 at the end of the most recent reporting period. 9.53% of the stock is owned by institutional investors and hedge funds.

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.