Creative Planning Sells 877,554 Shares of Crexendo, Inc. (NASDAQ:CXDO)

Creative Planning decreased its position in Crexendo, Inc. (NASDAQ:CXDO - Free Report) by 62.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 530,597 shares of the company's stock after selling 877,554 shares during the quarter. Creative Planning owned 1.99% of Crexendo worth $2,462,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Crexendo during the 1st quarter worth about $55,000. Vanguard Group Inc. boosted its stake in shares of Crexendo by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 455,956 shares of the company's stock valued at $2,193,000 after purchasing an additional 30,646 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Crexendo in the 1st quarter valued at about $605,000. Heron Bay Capital Management bought a new position in shares of Crexendo in the 1st quarter valued at about $87,000. Finally, Bailard Inc. bought a new position in shares of Crexendo in the 2nd quarter valued at about $113,000. Institutional investors own 9.53% of the company's stock.

Analysts Set New Price Targets

Separately, B. Riley raised their target price on shares of Crexendo from $5.75 to $6.00 and gave the company a "buy" rating in a research note on Wednesday, August 7th.

Insider Activity at Crexendo

In other Crexendo news, insider Anand Buch sold 20,501 shares of the firm's stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $4.91, for a total transaction of $100,659.91. Following the sale, the insider now directly owns 548,139 shares in the company, valued at approximately $2,691,362.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Crexendo news, insider Anand Buch sold 20,501 shares of the firm's stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $4.91, for a total transaction of $100,659.91. Following the sale, the insider now directly owns 548,139 shares in the company, valued at approximately $2,691,362.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Douglas Walter Gaylor sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $6.00, for a total transaction of $180,000.00. Following the sale, the chief operating officer now owns 219,083 shares in the company, valued at $1,314,498. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,903 shares of company stock worth $725,862 in the last ninety days. Company insiders own 56.20% of the company's stock.

Crexendo Trading Up 2.3 %

Shares of NASDAQ:CXDO traded up $0.13 during mid-day trading on Monday, reaching $5.74. The stock had a trading volume of 138,687 shares, compared to its average volume of 138,442. The firm has a market cap of $153.37 million, a PE ratio of 63.78 and a beta of 1.18. The firm has a 50 day simple moving average of $4.96 and a two-hundred day simple moving average of $4.21. The company has a current ratio of 2.10, a quick ratio of 2.04 and a debt-to-equity ratio of 0.01. Crexendo, Inc. has a twelve month low of $1.58 and a twelve month high of $7.59.

Crexendo (NASDAQ:CXDO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. The business had revenue of $14.69 million for the quarter, compared to the consensus estimate of $14.18 million. Crexendo had a net margin of 4.89% and a return on equity of 12.86%. On average, research analysts predict that Crexendo, Inc. will post 0.14 EPS for the current fiscal year.

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.