Ron Vincent Sells 10,000 Shares of Crexendo (NASDAQ:CXDO) Stock

Crexendo Inc. (NASDAQ:CXDO) CFO Ron Vincent sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $8.63, for a total transaction of $86,300.00. Following the completion of the sale, the chief financial officer directly owned 152,087 shares of the company’s stock, valued at $1,312,510.81. This trade represents a 6.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, May 6th, Ron Vincent sold 33,550 shares of Crexendo stock. The stock was sold at an average price of $9.36, for a total transaction of $314,028.00.
• On Monday, May 4th, Ron Vincent sold 18,989 shares of Crexendo stock. The shares were sold at an average price of $8.14, for a total value of $154,570.46.

Crexendo Stock Performance

NASDAQ:CXDO opened at $9.36 on Friday. The firm has a market cap of $303.45 million, a PE ratio of 62.40 and a beta of 0.93. Crexendo Inc. has a fifty-two week low of $5.08 and a fifty-two week high of $9.84. The business has a 50 day moving average price of $6.60 and a 200-day moving average price of $6.63.

Crexendo (NASDAQ:CXDO) last issued its earnings results on Tuesday, May 5th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. Crexendo had a net margin of 6.15% and a return on equity of 13.84%. The company had revenue of $20.71 million for the quarter, compared to the consensus estimate of $19.63 million. Research analysts predict that Crexendo Inc. will post 0.27 EPS for the current year.

Key Headlines Impacting Crexendo

Here are the key news stories impacting Crexendo this week:

• Positive Sentiment: Needham & Company raised its price target on Crexendo to $12.00 and reiterated a Buy rating, reinforcing the bullish view that the shares still have room to run. Article Title
• Positive Sentiment: Crexendo’s latest quarterly results beat expectations, with EPS of $0.10 versus $0.08 expected and revenue of $20.71 million versus $19.63 million expected, supporting the company’s growth and profitability narrative. Article Title
• Positive Sentiment: Management said it will present at upcoming investor conferences, which could increase visibility with institutional investors and give the company another platform to highlight its ESI acquisition and consecutive quarters of GAAP profitability. Article Title
• Neutral Sentiment: Several analyst and commentary pieces focused on Crexendo’s growth momentum and earnings call details, adding context but not changing the near-term catalyst picture by themselves. Article Title
• Negative Sentiment: Top executives, including the CEO, COO, CFO, and CRO, disclosed sizable stock sales over May 4-6. While insider selling does not necessarily change fundamentals, it can create short-term pressure and weigh on investor sentiment. Article Title

Wall Street Analyst Weigh In

Several brokerages have recently commented on CXDO. Needham & Company LLC upped their price objective on shares of Crexendo from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday. Wall Street Zen lowered Crexendo from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. Weiss Ratings upgraded Crexendo from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, Lake Street Capital reissued a “buy” rating and set a $11.00 target price on shares of Crexendo in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $10.40.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Essex Investment Management Co. LLC lifted its stake in shares of Crexendo by 3.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 745,504 shares of the company’s stock valued at $4,846,000 after purchasing an additional 23,676 shares during the period. Vanguard Group Inc. boosted its position in shares of Crexendo by 11.2% during the third quarter. Vanguard Group Inc. now owns 701,898 shares of the company’s stock valued at $4,562,000 after purchasing an additional 70,791 shares in the last quarter. Geode Capital Management LLC grew its stake in Crexendo by 14.3% in the fourth quarter. Geode Capital Management LLC now owns 401,356 shares of the company’s stock worth $2,598,000 after purchasing an additional 50,288 shares during the period. Dimensional Fund Advisors LP grew its stake in Crexendo by 15.9% in the first quarter. Dimensional Fund Advisors LP now owns 380,327 shares of the company’s stock worth $2,346,000 after purchasing an additional 52,200 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Crexendo by 4.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 320,499 shares of the company’s stock worth $2,083,000 after purchasing an additional 13,845 shares in the last quarter. Institutional investors own 9.53% of the company’s stock.

About Crexendo

Crexendo, Inc (NASDAQ: CXDO) is a provider of cloud-based communications and collaboration solutions tailored to businesses of varying sizes. The company’s flagship offering, CXsuite, integrates enterprise-grade voice, video conferencing, instant messaging, presence, and contact center functionality into a single platform delivered over the internet. By leveraging hosted infrastructure and a subscription-based model, Crexendo aims to reduce on-premises hardware costs and simplify management for IT teams and resellers.

Crexendo’s product portfolio includes a multi-tenant cloud PBX, SIP trunking, session border controllers and an application programming interface (API) suite that allows partners and customers to embed real-time communications into custom workflows.