Creative Planning Sells 877,554 Shares of Crexendo, Inc. (NASDAQ:CXDO)

Creative Planning lessened its position in Crexendo, Inc. (NASDAQ:CXDO) by 62.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 530,597 shares of the company’s stock after selling 877,554 shares during the quarter. Creative Planning’s holdings in Crexendo were worth $2,462,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CXDO. SG Americas Securities LLC bought a new position in shares of Crexendo during the 1st quarter worth about $55,000. Heron Bay Capital Management bought a new position in shares of Crexendo during the 1st quarter worth about $87,000. Bailard Inc. bought a new position in shares of Crexendo during the 2nd quarter worth about $113,000. Dimensional Fund Advisors LP increased its holdings in shares of Crexendo by 476.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 101,273 shares of the company’s stock worth $319,000 after purchasing an additional 83,702 shares during the period. Finally, Marshall Wace LLP increased its holdings in shares of Crexendo by 49.9% during the 2nd quarter. Marshall Wace LLP now owns 150,723 shares of the company’s stock worth $475,000 after purchasing an additional 50,148 shares during the period. Institutional investors own 9.53% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley boosted their price objective on shares of Crexendo from $5.75 to $6.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th.

Insider Activity at Crexendo

In related news, COO Douglas Walter Gaylor sold 30,000 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $6.00, for a total value of $180,000.00. Following the sale, the chief operating officer now owns 219,083 shares of the company’s stock, valued at $1,314,498. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Crexendo news, insider Anand Buch sold 20,501 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $4.91, for a total value of $100,659.91. Following the transaction, the insider now directly owns 548,139 shares in the company, valued at $2,691,362.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Douglas Walter Gaylor sold 30,000 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $6.00, for a total transaction of $180,000.00. Following the completion of the transaction, the chief operating officer now owns 219,083 shares in the company, valued at approximately $1,314,498. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,903 shares of company stock valued at $725,862 over the last quarter. 56.20% of the stock is owned by company insiders.

Crexendo Stock Performance

NASDAQ:CXDO opened at $5.61 on Monday. The company has a market cap of $149.79 million, a price-to-earnings ratio of 112.20 and a beta of 1.18. The firm’s 50-day moving average is $4.94 and its 200-day moving average is $4.21. Crexendo, Inc. has a 52-week low of $1.54 and a 52-week high of $7.59. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.04 and a current ratio of 2.10.

Crexendo (NASDAQ:CXDO) last posted its earnings results on Tuesday, August 6th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $14.69 million for the quarter, compared to analysts’ expectations of $14.18 million. Crexendo had a net margin of 4.89% and a return on equity of 12.86%. Equities research analysts anticipate that Crexendo, Inc. will post 0.14 earnings per share for the current year.

Crexendo 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.