Jeffrey G. Korn Sells 7,000 Shares of Crexendo, Inc. (NASDAQ:CXDO) Stock

Crexendo, Inc. (NASDAQ:CXDO) CEO Jeffrey G. Korn sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $5.25, for a total value of $36,750.00. Following the completion of the sale, the chief executive officer now directly owns 249,730 shares in the company, valued at $1,311,082.50. This trade represents a 2.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Crexendo Trading Down 1.4 %

CXDO opened at $5.05 on Friday. Crexendo, Inc. has a 1-year low of $2.92 and a 1-year high of $7.59. The business has a 50 day moving average of $5.35 and a 200-day moving average of $4.49. The stock has a market capitalization of $134.94 million, a price-to-earnings ratio of 168.39 and a beta of 1.10.

Institutional Trading of Crexendo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Essex Investment Management Co. LLC lifted its stake in shares of Crexendo by 1,473.9% in the third quarter. Essex Investment Management Co. LLC now owns 828,759 shares of the company’s stock valued at $3,845,000 after buying an additional 776,102 shares during the period. Renaissance Technologies LLC lifted its stake 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 purchasing an additional 254,065 shares during the period. Creative Planning boosted its holdings in Crexendo by 165.4% during the second quarter. Creative Planning now owns 1,408,151 shares of the company’s stock valued at $4,429,000 after purchasing an additional 877,554 shares in the last quarter. Vanguard Group Inc. grew 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 period. Finally, Bailard Inc. acquired a new position in shares of Crexendo in the 2nd quarter worth approximately $113,000. 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.