6 days Ago By ABMN Staff
Renaissance Technologies LLC grew its position in shares of Crexendo, Inc. ( NASDAQ:CXDO – Free Report ) by 16.4% during the 4th quarter, Holdings Channel.
com reports. The institutional investor owned 274,100 shares of the company’s stock after buying an additional 38,700 shares during the quarter. Renaissance Technologies LLC’s holdings in Crexendo were worth $1,434,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Creative Financial Designs Inc. ADV bought a new position in Crexendo in the 4th quarter worth approximately $44,000.
Barclays PLC acquired a new stake in Crexendo in the 3rd quarter valued at approximately $109,000. ARS Investment Partners LLC acquired a new position in shares of Crexendo during the 4th quarter worth about $243,000. Perkins Capital Management Inc.
acquired a new stake in Crexendo in the 4th quarter valued at about $262,000. Finally, Congress Wealth Management LLC DE raised its position in shares of Crexendo by 83.3% in the fourth quarter.
Congress Wealth Management LLC DE now owns 55,000 shares of the company’s stock valued at $288,000 after purchasing an additional 25,000 shares during the period. Institutional investors and hedge funds own 9.53% of the company’s stock.
Crexendo Stock Performance Shares of CXDO opened at $4.91 on Tuesday. The firm has a market cap of $136.
99 million, a P/E ratio of 163.72 and a beta of 1.33.
Crexendo, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $7.
34. The business has a 50-day moving average of $5.38 and a 200 day moving average of $5.
46. Analysts Set New Price Targets View Our Latest Analysis on Crexendo Insider Activity at Crexendo In other Crexendo news, CEO Jeffrey G. Korn sold 10,000 shares of Crexendo stock in a transaction that occurred on Monday, March 10th.
The stock was sold at an average price of $6.00, for a total value of $60,000.00.
Following the transaction, the chief executive officer now directly owns 243,384 shares of the company’s stock, valued at $1,460,304. The trade was a 3.95 % decrease in their position.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . Also, CTO David Tzat-Kin Wang sold 229,476 shares of Crexendo stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $5.
50, for a total transaction of $1,262,118.00. Following the completion of the transaction, the chief technology officer now directly owns 445,995 shares in the company, valued at approximately $2,452,972.
50. The trade was a 33.97 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Over the last quarter, insiders sold 249,476 shares of company stock valued at $1,384,818. 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. Read More Want to see what other hedge funds are holding CXDO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crexendo, Inc.
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