Crexendo, Inc. (NASDAQ:CXDO) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP raised its stake in Crexendo, Inc. (NASDAQ:CXDO) by 41.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,598 shares of the company’s stock after acquiring an additional 5,139 shares during the quarter. GSA Capital Partners LLP owned approximately 0.07% of Crexendo worth $82,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CXDO. SG Americas Securities LLC purchased a new stake in Crexendo during the 1st quarter worth about $55,000. Advisor Resource Council purchased a new stake in shares of Crexendo during the third quarter worth about $93,000. Bailard Inc. acquired a new position in shares of Crexendo in the second quarter valued at approximately $113,000. Dimensional Fund Advisors LP increased its stake in Crexendo by 476.4% in the second quarter. Dimensional Fund Advisors LP now owns 101,273 shares of the company’s stock valued at $319,000 after purchasing an additional 83,702 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in Crexendo by 49.9% in the 2nd quarter. Marshall Wace LLP now owns 150,723 shares of the company’s stock valued at $475,000 after buying an additional 50,148 shares during the period. 9.53% of the stock is currently owned by hedge funds and other institutional investors.

Crexendo Stock Down 0.4 %

CXDO stock opened at $5.22 on Tuesday. Crexendo, Inc. has a fifty-two week low of $2.82 and a fifty-two week high of $7.59. The company has a market capitalization of $139.48 million, a P/E ratio of 174.06 and a beta of 1.15. The company has a 50-day simple moving average of $5.17 and a 200 day simple moving average of $4.37.

Wall Street Analyst Weigh In

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 research note on Wednesday, August 7th.

Insiders Place Their Bets

In other Crexendo news, CTO David Tzat-Kin Wang sold 20,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $5.25, for a total value of $107,625.00. Following the sale, the chief technology officer now owns 439,327 shares of the company’s stock, valued at $2,306,466.75. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Douglas Walter Gaylor sold 30,000 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $6.00, for a total transaction of $180,000.00. Following the transaction, the chief operating officer now owns 219,083 shares in the company, valued at approximately $1,314,498. The trade was a 12.04 % decrease in their position. The disclosure for this sale can be found here. 56.20% of the stock is currently owned by company insiders.

Crexendo Company 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.