Insider Selling: Crexendo, Inc. (NASDAQ:CXDO) CTO Sells 12,293 Shares of Stock

Crexendo, Inc. (NASDAQ:CXDO - Get Free Report) CTO David Tzat-Kin Wang sold 12,293 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $5.15, for a total value of $63,308.95. Following the completion of the transaction, the chief technology officer now directly owns 443,079 shares in the company, valued at approximately $2,281,856.85. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 Price Performance

Shares of Crexendo stock traded up $0.15 during trading on Tuesday, hitting $5.30. 126,936 shares of the company were exchanged, compared to its average volume of 173,393. The firm has a market capitalization of $141.59 million, a P/E ratio of 176.67 and a beta of 1.10. The firm's fifty day moving average price is $5.38 and its 200 day moving average price is $4.55. Crexendo, Inc. has a 1-year low of $2.92 and a 1-year high of $7.59.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Crexendo by 7.2% in the first quarter. Vanguard Group Inc. now owns 455,956 shares of the company's stock worth $2,193,000 after purchasing an additional 30,646 shares during the period. Bailard Inc. bought a new stake in shares of Crexendo in the 2nd quarter valued at $113,000. Acadian Asset Management LLC increased its position 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 buying an additional 92,196 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Crexendo by 476.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 101,273 shares of the company's stock worth $319,000 after buying an additional 83,702 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Crexendo by 229.9% during the second quarter. Renaissance Technologies LLC now owns 364,565 shares of the company's stock worth $1,147,000 after acquiring an additional 254,065 shares in the last quarter. 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.

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