Barclays PLC Purchases Shares of 23,583 Crexendo, Inc. (NASDAQ:CXDO)

Barclays PLC acquired a new position in shares of Crexendo, Inc. (NASDAQ:CXDO) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 23,583 shares of the company’s stock, valued at approximately $109,000. Barclays PLC owned about 0.09% of Crexendo at the end of the most recent quarter.

Several other large investors have also modified their holdings of CXDO. Geode Capital Management LLC boosted its stake in Crexendo by 18.4% in the third quarter. Geode Capital Management LLC now owns 140,193 shares of the company’s stock valued at $651,000 after acquiring an additional 21,739 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Crexendo by 41.2% in the 3rd quarter. GSA Capital Partners LLP now owns 17,598 shares of the company’s stock valued at $82,000 after purchasing an additional 5,139 shares during the last quarter. Advisor Resource Council acquired a new stake in shares of Crexendo in the 3rd quarter valued at about $93,000. Essex Investment Management Co. LLC grew its stake in 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 buying an additional 776,102 shares during the last quarter. Finally, Creative Planning increased its position in Crexendo by 165.4% during the second quarter. Creative Planning now owns 1,408,151 shares of the company’s stock worth $4,429,000 after buying an additional 877,554 shares during the period. Institutional investors and hedge funds own 9.53% of the company’s stock.

Crexendo Stock Up 2.1 %

NASDAQ CXDO opened at $5.77 on Friday. The firm has a market cap of $154.17 million, a P/E ratio of 192.40 and a beta of 1.10. Crexendo, Inc. has a 52-week low of $2.92 and a 52-week high of $7.59. The business’s 50-day moving average price is $5.27 and its 200 day moving average price is $4.93.

Insider Buying and Selling at Crexendo

In related news, CEO Jeffrey G. Korn sold 7,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $5.25, for a total value of $36,750.00. Following the completion of the sale, the chief executive officer now owns 249,730 shares in the company, valued at $1,311,082.50. This trade represents a 2.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO David Tzat-Kin Wang sold 106,667 shares of Crexendo stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $4.90, for a total value of $522,668.30. Following the completion of the sale, the chief technology officer now directly owns 443,079 shares in the company, valued at $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 131,960 shares of company stock worth $653,627. 56.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, D. Boral Capital began coverage on Crexendo in a report on Tuesday. They issued a “buy” rating and a $7.00 price objective for the company.

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.