XTX Topco Ltd Sells 9,641 Shares of Crexendo, Inc. (NASDAQ:CXDO)

XTX Topco Ltd reduced its holdings in shares of Crexendo, Inc. (NASDAQ:CXDO) by 40.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 13,973 shares of the company’s stock after selling 9,641 shares during the period. XTX Topco Ltd owned about 0.05% of Crexendo worth $44,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Crexendo during the 1st quarter worth approximately $55,000. Heron Bay Capital Management bought a new stake in Crexendo during the 1st quarter valued at $87,000. Bailard Inc. bought a new stake in Crexendo during the 2nd quarter valued at $113,000. Dimensional Fund Advisors LP raised its position in Crexendo by 476.4% during 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 in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Crexendo during the 1st quarter valued at $605,000. 9.53% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Anand Buch sold 20,501 shares of Crexendo stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $4.91, for a total value of $100,659.91. Following the transaction, the insider now directly owns 548,139 shares in the company, valued at approximately $2,691,362.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Anand Buch sold 20,501 shares of Crexendo stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $4.91, for a total value of $100,659.91. Following the transaction, the insider now directly owns 548,139 shares in the company, valued at approximately $2,691,362.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO David Tzat-Kin Wang sold 20,500 shares of Crexendo stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $5.25, for a total value of $107,625.00. Following the completion of the transaction, the chief technology officer now owns 439,327 shares in the company, valued at $2,306,466.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 107,903 shares of company stock worth $545,862. 56.20% of the stock is currently owned by company insiders.

Crexendo Trading Down 0.4 %

Shares of NASDAQ CXDO opened at $4.51 on Thursday. The company has a quick ratio of 2.04, a current ratio of 2.10 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $4.60 and a two-hundred day simple moving average of $4.16. The firm has a market cap of $120.42 million, a PE ratio of 90.20 and a beta of 1.18. Crexendo, Inc. has a twelve month low of $1.54 and a twelve month high of $7.59.

Crexendo (NASDAQ:CXDO) last issued its earnings results on Tuesday, August 6th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Crexendo had a return on equity of 12.86% and a net margin of 4.89%. The business had revenue of $14.69 million during the quarter, compared to analyst estimates of $14.18 million. Analysts expect that Crexendo, Inc. will post 0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley lifted their target price on Crexendo from $5.75 to $6.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th.

About Crexendo

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.