Jon Brinton Purchases 5,000 Shares of Crexendo, Inc. (NASDAQ:CXDO) Stock

Crexendo, Inc. (NASDAQ:CXDOGet Rating) CRO Jon Brinton acquired 5,000 shares of the stock in a transaction on Thursday, November 17th. The stock was bought at an average cost of $2.11 per share, for a total transaction of $10,550.00. Following the transaction, the executive now owns 25,824 shares of the company’s stock, valued at approximately $54,488.64. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Crexendo Price Performance

Shares of NASDAQ:CXDO opened at $2.10 on Monday. The firm has a market capitalization of $47.79 million, a PE ratio of -14.00 and a beta of 1.18. The company has a quick ratio of 1.44, a current ratio of 1.46 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $2.48 and a two-hundred day moving average price of $2.74. Crexendo, Inc. has a twelve month low of $2.07 and a twelve month high of $5.51.

Crexendo (NASDAQ:CXDOGet Rating) last issued its earnings results on Thursday, November 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Crexendo had a negative net margin of 9.72% and a negative return on equity of 1.54%. The business had revenue of $9.11 million for the quarter, compared to analysts’ expectations of $9.07 million. Equities analysts forecast that Crexendo, Inc. will post -0.06 EPS for the current year.

Institutional Trading of Crexendo

Several institutional investors and hedge funds have recently modified their holdings of CXDO. Essex Investment Management Co. LLC grew its holdings in shares of Crexendo by 19.2% during the third quarter. Essex Investment Management Co. LLC now owns 202,467 shares of the company’s stock worth $486,000 after purchasing an additional 32,572 shares in the last quarter. Guardian Wealth Advisors LLC bought a new stake in Crexendo during the third quarter valued at approximately $51,000. Creative Planning purchased a new position in Crexendo in the 2nd quarter worth approximately $1,753,000. Bard Associates Inc. increased its holdings in shares of Crexendo by 6.2% in the 2nd quarter. Bard Associates Inc. now owns 514,286 shares of the company’s stock worth $1,594,000 after buying an additional 29,896 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of Crexendo during the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 8.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Northland Securities assumed coverage on shares of Crexendo in a report on Tuesday, September 27th. They issued an “outperform” rating and a $4.00 price target on the stock.

About Crexendo

(Get Rating)

Crexendo, Inc provides cloud communication, unified communications as a service, call center, collaboration, and other cloud business services for businesses in the United States, Canada, and internationally. It operates through two segments, Cloud Telecommunications and Web Services. 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 resells broadband Internet services.

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