Crexendo, Inc. (NASDAQ:CXDO) CTO David Tzat-Kin Wang Sells 6,000 Shares

Crexendo, Inc. (NASDAQ:CXDO) CTO David Tzat-Kin Wang sold 6,000 shares of Crexendo stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $5.15, for a total transaction of $30,900.00. Following the completion of the transaction, the chief technology officer now directly owns 443,079 shares of the company’s stock, valued at approximately $2,281,856.85. This represents a 1.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Crexendo Stock Down 1.4 %

Shares of NASDAQ:CXDO opened at $5.05 on Friday. The company has a market cap of $134.94 million, a PE ratio of 168.39 and a beta of 1.10. Crexendo, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $7.59. The firm has a 50-day simple moving average of $5.35 and a 200 day simple moving average of $4.49.

Institutional Trading of Crexendo

A number of institutional investors and hedge funds have recently made changes to their positions in CXDO. Vanguard Group Inc. increased its position 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 buying an additional 30,646 shares during the period. Bailard Inc. bought a new stake in Crexendo in the 2nd quarter valued at about $113,000. Acadian Asset Management LLC boosted its stake in Crexendo by 73.1% during the 2nd quarter. Acadian Asset Management LLC now owns 218,345 shares of the company’s stock valued at $685,000 after purchasing an additional 92,196 shares during the period. Dimensional Fund Advisors LP grew its position in 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 purchasing an additional 83,702 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of 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. 9.53% of the stock is currently owned by institutional investors and hedge funds.

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.