David Tzat-Kin Wang Sells 8,800 Shares of Crexendo, Inc. (NASDAQ:CXDO) Stock

Crexendo, Inc. (NASDAQ:CXDO) CTO David Tzat-Kin Wang sold 8,800 shares of Crexendo stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $5.00, for a total value of $44,000.00. Following the sale, the chief technology officer now directly owns 439,327 shares in the company, valued at $2,196,635. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Crexendo Trading Up 3.0 %

Shares of Crexendo stock traded up $0.15 during midday trading on Tuesday, reaching $5.23. The company had a trading volume of 174,704 shares, compared to its average volume of 186,556. The stock has a fifty day moving average price of $3.79 and a 200 day moving average price of $4.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.01 and a quick ratio of 1.97. The firm has a market cap of $139.65 million, a PE ratio of 104.60 and a beta of 1.17. Crexendo, Inc. has a fifty-two week low of $1.54 and a fifty-two week high of $7.59.

Analysts Set New Price Targets

Separately, B. Riley lifted their price objective on Crexendo from $5.75 to $6.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th.

Institutional Investors Weigh In On Crexendo

Hedge funds have recently added to or reduced their stakes in the business. AJOVista LLC bought a new stake in Crexendo in the fourth quarter worth approximately $47,000. Simplicity Wealth LLC bought a new stake in Crexendo in the first quarter worth approximately $53,000. SG Americas Securities LLC bought a new stake in Crexendo in the first quarter worth approximately $55,000. Heron Bay Capital Management bought a new stake in Crexendo in the first quarter worth approximately $87,000. Finally, Hillsdale Investment Management Inc. bought a new stake in Crexendo in the fourth quarter worth approximately $108,000. 9.53% of the stock is currently owned by 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.