Ron Vincent Sells 8,200 Shares of Crexendo Inc. (NASDAQ:CXDO) Stock

Crexendo Inc. (NASDAQ:CXDO) CFO Ron Vincent sold 8,200 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $6.52, for a total value of $53,464.00. Following the completion of the transaction, the chief financial officer directly owned 172,747 shares in the company, valued at approximately $1,126,310.44. This represents a 4.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ron Vincent also recently made the following trade(s):

• On Monday, July 7th, Ron Vincent sold 1,000 shares of Crexendo stock. The shares were sold at an average price of $6.50, for a total value of $6,500.00.
• On Thursday, July 3rd, Ron Vincent sold 3,000 shares of Crexendo stock. The shares were sold at an average price of $6.51, for a total value of $19,530.00.
• On Wednesday, July 2nd, Ron Vincent sold 2,800 shares of Crexendo stock. The shares were sold at an average price of $6.54, for a total value of $18,312.00.

Crexendo Trading Down 1.5%

Crexendo stock opened at $5.74 on Wednesday. The firm has a 50-day moving average of $5.78 and a 200-day moving average of $5.61. The firm has a market cap of $173.18 million, a P/E ratio of 57.41 and a beta of 0.98. Crexendo Inc. has a 1-year low of $3.75 and a 1-year high of $7.34.

Institutional Trading of Crexendo

A number of institutional investors have recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in shares of Crexendo during the second quarter worth about $72,000. CreativeOne Wealth LLC purchased a new stake in Crexendo in the second quarter worth about $85,000. American Century Companies Inc. purchased a new stake in Crexendo in the second quarter worth about $73,000. JPMorgan Chase & Co. purchased a new stake in Crexendo in the second quarter worth about $41,000. Finally, ARS Investment Partners LLC lifted its holdings in Crexendo by 18.3% in the second quarter. ARS Investment Partners LLC now owns 54,990 shares of the company’s stock worth $334,000 after buying an additional 8,491 shares during the period. 9.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Needham & Company LLC began coverage on Crexendo in a research note on Tuesday, July 1st. They issued a “buy” rating and a $8.00 target price on the stock. Wall Street Zen cut Crexendo from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 5th. D. Boral Capital raised their price objective on Crexendo from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Finally, Lake Street Capital raised their price objective on Crexendo from $8.00 to $8.50 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $8.60.

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.