Crexendo, Inc. (NASDAQ:CXDO) CTO David Tzat-Kin Wang Sells 12,293 Shares

Crexendo, Inc. (NASDAQ:CXDO) CTO David Tzat-Kin Wang sold 12,293 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $5.15, for a total transaction of $63,308.95. Following the sale, the chief technology officer now directly owns 443,079 shares in the company, valued at $2,281,856.85. This trade represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, December 16th, David Tzat-Kin Wang sold 106,667 shares of Crexendo stock. The stock was sold at an average price of $4.90, for a total transaction of $522,668.30.
• 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 transaction of $30,900.00.

Crexendo Stock Performance

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

Institutional Trading of Crexendo

Hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP raised its stake in shares of Crexendo by 41.2% during the 3rd quarter. GSA Capital Partners LLP now owns 17,598 shares of the company’s stock worth $82,000 after buying an additional 5,139 shares during the period. Advisor Resource Council acquired a new stake in Crexendo in the 3rd quarter valued at about $93,000. Geode Capital Management LLC lifted its position in Crexendo by 18.4% during the third quarter. Geode Capital Management LLC now owns 140,193 shares of the company’s stock worth $651,000 after buying an additional 21,739 shares in the last quarter. Barclays PLC purchased a new position in shares of Crexendo during the 3rd quarter worth $109,000. Finally, Vanguard Group Inc. boosted its holdings in 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 last quarter. Hedge funds and other institutional investors own 9.53% of the company’s stock.

About Crexendo

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.