Jane Street Group LLC trimmed its position in shares of Crexendo, Inc. (NASDAQ:CXDO – Free 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
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.
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