Crexendo, Inc. (NASDAQ:CXDO) CTO David Tzat-Kin Wang Sells 106,667 Shares

Crexendo, Inc. (NASDAQ:CXDO - Get Free Report) CTO David Tzat-Kin Wang sold 106,667 shares of Crexendo stock in a transaction on Monday, December 16th. The stock was sold at an average price of $4.90, for a total value of $522,668.30. Following the transaction, the chief technology officer now owns 443,079 shares in the company, valued at approximately $2,171,087.10. This represents a 19.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, December 13th, David Tzat-Kin Wang sold 12,293 shares of Crexendo stock. The stock was sold at an average price of $5.15, for a total transaction of $63,308.95.
• 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 transaction of $30,900.00.

Crexendo Stock Performance

Shares of NASDAQ CXDO traded up $0.15 during midday trading on Tuesday, reaching $5.30. 126,936 shares of the stock were exchanged, compared to its average volume of 173,393. Crexendo, Inc. has a twelve month low of $2.92 and a twelve month high of $7.59. The stock has a market capitalization of $141.59 million, a P/E ratio of 176.67 and a beta of 1.10. The company has a 50 day simple moving average of $5.38 and a 200 day simple moving average of $4.55.

Institutional Investors Weigh In On Crexendo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Creative Planning increased its position in shares of Crexendo by 165.4% during the 2nd quarter. Creative Planning now owns 1,408,151 shares of the company's stock worth $4,429,000 after purchasing an additional 877,554 shares during the last quarter. Essex Investment Management Co. LLC boosted its stake in Crexendo by 1,473.9% during the third quarter. Essex Investment Management Co. LLC now owns 828,759 shares of the company's stock worth $3,845,000 after buying an additional 776,102 shares during the period. Renaissance Technologies LLC increased its position in shares of Crexendo by 229.9% during the second quarter. Renaissance Technologies LLC now owns 364,565 shares of the company's stock valued at $1,147,000 after acquiring an additional 254,065 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Crexendo by 73.1% in the 2nd 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 during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Crexendo by 476.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 101,273 shares of the company's stock worth $319,000 after acquiring an additional 83,702 shares during the last quarter. Hedge funds and other institutional investors own 9.53% of the company's stock.

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.

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