Geode Capital Management LLC Grows Stock Holdings in Crexendo, Inc. (NASDAQ:CXDO)

Geode Capital Management LLC lifted its position in shares of Crexendo, Inc. (NASDAQ:CXDO) by 18.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 140,193 shares of the company’s stock after purchasing an additional 21,739 shares during the period. Geode Capital Management LLC owned about 0.52% of Crexendo worth $651,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Essex Investment Management Co. LLC lifted its position in shares of Crexendo by 1,473.9% during the 3rd quarter. Essex Investment Management Co. LLC now owns 828,759 shares of the company’s stock worth $3,845,000 after purchasing an additional 776,102 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Crexendo by 229.9% during the 2nd quarter. Renaissance Technologies LLC now owns 364,565 shares of the company’s stock worth $1,147,000 after purchasing an additional 254,065 shares during the last quarter. Creative Planning raised its stake in Crexendo by 165.4% during the 2nd quarter. Creative Planning now owns 1,408,151 shares of the company’s stock worth $4,429,000 after acquiring an additional 877,554 shares in the last quarter. Barclays PLC acquired a new stake in Crexendo during the 3rd quarter worth $109,000. Finally, Acadian Asset Management LLC raised its stake in Crexendo by 73.1% during the 2nd quarter. Acadian Asset Management LLC now owns 218,345 shares of the company’s stock worth $685,000 after acquiring an additional 92,196 shares in the last quarter. 9.53% of the stock is owned by hedge funds and other institutional investors.

Crexendo Price Performance

Shares of NASDAQ:CXDO opened at $5.27 on Friday. The company’s fifty day moving average price is $5.30 and its 200 day moving average price is $4.81. Crexendo, Inc. has a 12 month low of $2.92 and a 12 month high of $7.59. The firm has a market capitalization of $140.79 million, a P/E ratio of 175.73 and a beta of 1.10.

Insider Buying and Selling

In related news, CTO David Tzat-Kin Wang sold 6,000 shares of Crexendo stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $5.15, for a total transaction of $30,900.00. 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 1.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey G. Korn sold 7,000 shares of Crexendo stock in a transaction on Monday, December 9th. The stock was sold at an average price of $5.25, for a total transaction of $36,750.00. Following the sale, the chief executive officer now owns 249,730 shares in the company, valued at $1,311,082.50. This represents a 2.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 161,960 shares of company stock worth $833,627 in the last ninety days. 56.20% of the stock is owned by corporate insiders.

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.