Crexendo, Inc. (NASDAQ:CXDO) CTO David Tzat-Kin Wang sells 8,800 shares

Crexendo, Inc. (NASDAQ:CXDO – Get Your Free Report ) CTO David Tzat-Kin Wang sold 8,800 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $5.00, for a total transaction of $44,000.00. Following the sale, the chief technology officer now directly owns 439,327 shares of the company’s stock, valued at approximately $2,196,635. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website.

Crexendo Price Performance

NASDAQ CXDO opened at $5.23 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 1.97, 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. The stock has a market cap of $139.65 million, a price-to-earnings ratio of 104.60 and a beta of 1.17. The company’s 50-day moving average is $3.79, and its two-hundred-day moving average is $4.41.

Institutional trading of Crexendo

A number of hedge funds and other institutional investors have recently modified their holdings of the company. AJOVista LLC purchased a new position in shares of Crexendo in the fourth quarter valued at about $47,000. Simplicity Wealth LLC acquired a new position in Crexendo in the 1st quarter worth about $53,000. SG Americas Securities LLC bought a new position in Crexendo in the first quarter worth about $55,000. Heron Bay Capital Management acquired a new stake in Crexendo in the first quarter valued at approximately $87,000. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of Crexendo during the fourth quarter valued at about $108,000. 9.53% of the shares are held by hedge funds and other institutional investors.

Analysts set new price targets

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

See our latest report on Crexendo

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 developing end-user portals for account and license management, as well as billing and customer support.

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