Crexendo (NASDAQ:CXDO) Announces Quarterly Earnings Results

Crexendo (NASDAQ:CXDO) posted its quarterly earnings data on Tuesday. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01), Zacks reports. Crexendo had a net margin of 2.09% and a return on equity of 9.09%.

Crexendo Trading Down 2.4 %

NASDAQ:CXDO traded down $0.14 during trading hours on Tuesday, hitting $5.77. 208,158 shares of the stock were exchanged, compared to its average volume of 150,681. The firm’s fifty day moving average price is $5.78 and its 200 day moving average price is $5.34. Crexendo has a 52-week low of $2.92 and a 52-week high of $7.09. The company has a market cap of $154.15 million, a P/E ratio of 192.40 and a beta of 1.11.

Analyst Ratings Changes

Separately, D. Boral Capital began coverage on shares of Crexendo in a research note on Tuesday, January 21st. They issued a “buy” rating and a $7.00 price target on the stock.

Insider Activity

In other Crexendo news, CEO Jeffrey G. Korn sold 7,000 shares of Crexendo stock in a transaction on Monday, December 9th. The shares were sold at an average price of $5.25, for a total transaction of $36,750.00. Following the sale, the chief executive officer now owns 249,730 shares of the company’s stock, valued at $1,311,082.50. The trade was a 2.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO David Tzat-Kin Wang sold 6,000 shares of the company’s 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 sale, the chief technology officer now directly owns 443,079 shares of the company’s stock, valued at $2,281,856.85. The trade was a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,960 shares of company stock worth $653,627 over the last quarter. 56.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Crexendo stock. Bank of America Corp DE lifted its stake in Crexendo, Inc. (NASDAQ:CXDO) by 71.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,174 shares of the company’s stock after purchasing an additional 2,578 shares during the quarter. Bank of America Corp DE’s holdings in Crexendo were worth $32,000 at the end of the most recent reporting period. 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.