Insider Buying: Crexendo Inc (CXDO) CEO Buys 24,900 Shares of Stock
Crexendo Inc (NASDAQ:CXDO) CEO Steven G. Mihaylo purchased 24,900 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was acquired at an average price of $1.64 per share, with a total value of $40,836.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Crexendo Inc (NASDAQ CXDO) traded up 0.62% during trading on Wednesday, hitting $1.62. 627 shares of the company were exchanged. The company’s 50-day moving average price is $1.75 and its 200 day moving average price is $1.64. Crexendo Inc has a 12 month low of $1.36 and a 12 month high of $1.95. The stock’s market cap is $22.40 million.
Crexendo (NASDAQ:CXDO) last released its quarterly earnings results on Monday, August 7th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $2.49 million for the quarter. Crexendo had a negative net margin of 11.31% and a negative return on equity of 260.60%.
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Crexendo, Inc is a hosted services company. The Company provides hosted telecommunications services, broadband Internet services, Website hosting, e-commerce software and Website development software for businesses and entrepreneurs. Its services are designed to make enterprise-class hosting services available to small, medium-sized and enterprise-sized businesses.
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