Jane Street Group LLC Sells 28,489 Shares of Crexendo, Inc. (NASDAQ:CXDO)

Jane Street Group LLC trimmed its position in shares of Crexendo, Inc. (NASDAQ:CXDOFree Report) by 70.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,947 shares of the company’s stock after selling 28,489 shares during the period. Jane Street Group LLC’s holdings in Crexendo were worth $55,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP increased its stake in Crexendo by 41.2% during the third quarter. GSA Capital Partners LLP now owns 17,598 shares of the company’s stock valued at $82,000 after acquiring an additional 5,139 shares during the period. Advisor Resource Council bought a new position in Crexendo during the third quarter valued at about $93,000. Marshall Wace LLP grew its stake in shares of 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 purchasing an additional 50,148 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Crexendo by 476.4% in the 2nd 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 period. Finally, Acadian Asset Management LLC grew its stake in shares of Crexendo by 73.1% in the 2nd quarter. Acadian Asset Management LLC now owns 218,345 shares of the company’s stock valued at $685,000 after purchasing an additional 92,196 shares during the period. 9.53% of the stock is currently owned by institutional investors.

Crexendo Trading Up 3.1 %

CXDO stock opened at $5.33 on Thursday. Crexendo, Inc. has a 1-year low of $2.92 and a 1-year high of $7.59. The firm has a market cap of $142.39 million, a P/E ratio of 177.73 and a beta of 1.10. The business’s 50 day moving average is $5.27 and its 200-day moving average is $4.85.

Insider Activity

In other news, CEO Jeffrey G. Korn sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $5.25, for a total value of $36,750.00. Following the transaction, the chief executive officer now directly owns 249,730 shares of the company’s stock, valued at $1,311,082.50. The trade was a 2.73 % 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, CTO David Tzat-Kin Wang sold 106,667 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $4.90, for a total value of $522,668.30. Following the transaction, the chief technology officer now directly owns 443,079 shares in the company, valued at approximately $2,171,087.10. This represents a 19.40 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 161,960 shares of company stock worth $833,627. Company insiders own 56.20% of the company’s stock.

Crexendo Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Crexendo (NASDAQ:CXDO)

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