Crexendo, Inc. (NASDAQ:CXDO) CTO Sells $63,308.95 in Stock

Crexendo, Inc. (NASDAQ:CXDO) CTO David Tzat-Kin Wang sold 12,293 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was 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 of the company’s stock, valued at $2,281,856.85. The trade was a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

David Tzat-Kin Wang also recently made the following trade(s):

• On Monday, December 16th, David Tzat-Kin Wang sold 106,667 shares of Crexendo stock. The stock was sold at an average price of $4.90, for a total value of $522,668.30.
• On Tuesday, December 10th, David Tzat-Kin Wang sold 6,000 shares of Crexendo stock. The shares were sold at an average price of $5.15, for a total value of $30,900.00.

Crexendo Trading Down 4.7 %

CXDO opened at $4.92 on Friday. The stock’s 50-day moving average price is $5.38 and its 200 day moving average price is $4.55. Crexendo, Inc. has a 12-month low of $2.92 and a 12-month high of $7.59. The firm has a market cap of $131.46 million, a price-to-earnings ratio of 164.05 and a beta of 1.10.

Institutional Trading of Crexendo

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Crexendo by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 455,956 shares of the company’s stock worth $2,193,000 after buying an additional 30,646 shares during the period. Bailard Inc. purchased a new stake in shares of Crexendo during the second quarter worth $113,000. Acadian Asset Management LLC raised its stake in shares of Crexendo by 73.1% in the second quarter. Acadian Asset Management LLC now owns 218,345 shares of the company’s stock valued at $685,000 after acquiring an additional 92,196 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Crexendo by 476.4% in the second quarter. Dimensional Fund Advisors LP now owns 101,273 shares of the company’s stock valued at $319,000 after purchasing an additional 83,702 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Crexendo by 229.9% in the second quarter. Renaissance Technologies LLC now owns 364,565 shares of the company’s stock valued at $1,147,000 after purchasing an additional 254,065 shares during the period. Institutional investors and hedge funds own 9.53% of the company’s stock.

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.