Jane Street Group LLC Sells 28,489 Shares of Crexendo, Inc. (NASDAQ:CXDO)

Jane Street Group LLC lowered its position in Crexendo, Inc. (NASDAQ:CXDO) by 70.5% in the third quarter, Holdings Channel.com reports. The institutional investor 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.

A number of other large investors have also made changes to their positions in the company. Creative Planning increased its position in shares of Crexendo by 165.4% in the 2nd quarter. Creative Planning now owns 1,408,151 shares of the company’s stock valued at $4,429,000 after buying an additional 877,554 shares in the last quarter. Essex Investment Management Co. LLC increased its holdings 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 purchasing an additional 776,102 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Crexendo by 229.9% during the 2nd quarter. Renaissance Technologies LLC now owns 364,565 shares of the company’s stock worth $1,147,000 after purchasing an additional 254,065 shares in the last quarter. Acadian Asset Management LLC grew its holdings 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 acquiring an additional 92,196 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings 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 acquiring an additional 50,148 shares in the last quarter. Institutional investors own 9.53% of the company’s stock.

Crexendo Price Performance

Shares of NASDAQ CXDO opened at $5.33 on Thursday. The stock has a market capitalization of $142.39 million, a price-to-earnings ratio of 177.73 and a beta of 1.10. The business has a 50-day moving average of $5.27 and a 200-day moving average of $4.85. Crexendo, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $7.59.

Insider Activity at Crexendo

In related news, COO Douglas Walter Gaylor sold 30,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $6.00, for a total value of $180,000.00. Following the completion of the sale, the chief operating officer now directly owns 219,083 shares in the company, valued at approximately $1,314,498. This trade represents a 12.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $36,750.00. Following the completion of the sale, the chief executive officer now owns 249,730 shares of the company’s stock, valued at $1,311,082.50. This trade represents a 2.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 161,960 shares of company stock worth $833,627. Insiders own 56.20% of the company’s stock.

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.