6 days Ago By Defense World Staff
Renaissance Technologies LLC boosted its position in shares of Crexendo, Inc. ( NASDAQ:CXDO – Free Report ) by 16.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 274,100 shares of the company’s stock after acquiring an additional 38,700 shares during the period. Renaissance Technologies LLC owned 1.03% of Crexendo worth $1,434,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Creative Financial Designs Inc. ADV acquired a new position in shares of Crexendo in the 4th quarter valued at $44,000.
Barclays PLC purchased a new stake in shares of Crexendo in the third quarter valued at approximately $109,000. ARS Investment Partners LLC purchased a new stake in shares of Crexendo in the 4th quarter valued at approximately $243,000. Perkins Capital Management Inc.
acquired a new stake in Crexendo during the fourth quarter worth $262,000. Finally, Congress Wealth Management LLC DE lifted its position in 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 buying an additional 25,000 shares during the last quarter. 9.53% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets Several research firms recently issued reports on CXDO. Craig Hallum assumed coverage on Crexendo in a research note on Monday, April 7th. They set a “buy” rating and a $8.
00 target price on the stock. D. Boral Capital raised their price target on Crexendo from $7.
00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Finally, B.
Riley reaffirmed a “buy” rating and issued a $7.50 price objective (up from $6.75) on shares of Crexendo in a research note on Wednesday, March 5th.
Crexendo Trading Up 3.4 % Shares of Crexendo stock opened at $4.91 on Tuesday.
Crexendo, Inc. has a 52 week low of $2.92 and a 52 week high of $7.
34. The company’s 50-day moving average price is $5.38 and its two-hundred day moving average price is $5.
46. The stock has a market cap of $136.99 million, a PE ratio of 163.
72 and a beta of 1.33. Insider Activity In other news, CEO Jeffrey G.
Korn sold 10,000 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $6.00, for a total transaction of $60,000.
00. Following the completion of the sale, the chief executive officer now owns 243,384 shares in the company, valued at approximately $1,460,304. This represents a 3.
95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . Also, CTO David Tzat-Kin Wang sold 229,476 shares of the business’s 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 sale, the chief technology officer now owns 445,995 shares of the company’s stock, valued at $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 have sold 249,476 shares of company stock worth $1,384,818.
56.20% of the stock is owned by corporate insiders. About Crexendo ( 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 Five stocks we like better than Crexendo Diversification Can Smooth Returns And Mitigate Portfolio Risk Best Defense Stocks in 2025.
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