Crexendo, Inc. (NASDAQ:CXDO) CTO David Tzat-Kin Wang Sells 106,667 Shares of Stock

Crexendo, Inc. (NASDAQ:CXDO) CTO David Tzat-Kin Wang sold 106,667 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $4.90, for a total transaction of $522,668.30. Following the completion of the sale, the chief technology officer now directly owns 443,079 shares of the company’s stock, valued at $2,171,087.10. This trade represents a 19.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

David Tzat-Kin Wang also recently made the following trade(s):

• On Friday, December 13th, David Tzat-Kin Wang sold 12,293 shares of Crexendo stock. The stock was sold at an average price of $5.15, for a total value of $63,308.95.
• 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 Stock Up 2.9 %

Shares of CXDO opened at $5.30 on Wednesday. The firm has a market cap of $141.59 million, a price-to-earnings ratio of 176.67 and a beta of 1.10. The business’s 50 day moving average is $5.38 and its two-hundred day moving average is $4.55. Crexendo, Inc. has a 52-week low of $2.92 and a 52-week high of $7.59.

Institutional Trading of Crexendo

Several institutional investors have recently added to or reduced their stakes in CXDO. GSA Capital Partners LLP raised its stake in Crexendo by 41.2% during the third quarter. GSA Capital Partners LLP now owns 17,598 shares of the company’s stock valued at $82,000 after buying an additional 5,139 shares in the last quarter. Advisor Resource Council bought a new position in shares of Crexendo during the third quarter valued at approximately $93,000. Geode Capital Management LLC lifted its holdings in shares of Crexendo by 18.4% in the 3rd quarter. Geode Capital Management LLC now owns 140,193 shares of the company’s stock worth $651,000 after purchasing an additional 21,739 shares during the last quarter. Barclays PLC acquired a new position in Crexendo during the 3rd quarter valued at approximately $109,000. Finally, 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. 9.53% of the stock is 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.