Steven Mihaylo (Insider Trades), CEO and 10% owner of Crexendo Inc. (CXDO), bought 20,000 shares of the company on July 20. The average price per share was $2.20, for a total transaction cost of $44,000. Crexendo provides a variety of hosted services to small, medium, and enterprise sized businesses. The company’s market cap is $28.58 million and P/S ratio is 3.46.
Steven Mihaylo bought 2,924,133 shares of the company in 194 transactions since 2004. There have been 258 insider transactions total with the company during the same time period. Mihaylo was the sole insider trading with the company since June 2012. There have also only been two insider sells of the company since June 2012. The month end price for the company decreased approximately 50% from January 2012 to January 2015. This decrease in price corresponds to an increase in insider buy frequency, but not insider buy volume. There were 30 insider buys in 2012 and 58 insider buys in 2014. Crexendo insiders bought 617,400 shares of the company in 2012, compared to 140,706 shares in 2014. 
For more information about insider trades with Crexendo Inc., click here.
Crexendo Inc. reported a net loss of $1.17 million, or $0.09 per share in the first quarter of 2015. Mihaylo stated that the expected decrease of web revenues is, “the primary reason there was not actual revenue growth this quarter.” He also stated that “[the company] will continue to grow…towards cash flow break even and profitability" and that most customers "whose contracts have expired have renewed." Revenue for the company decreased 44.32% since 2010. 
Net income, though still negative, increased 19.76% since 2010.
Guru Jim Simons (Trades, Portfolio) (Trades, Portfolio) of Renaissance Technologies LLC sold out all his 103,900 shares of Crexendo at an average price of $2.26 per share in the first quarter of 2015. Simons reduced his stake in the company nine times, and increased his stake in the company six times since 2011. For more information about guru transactions with Crexendo Inc., click here.
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