Crexendo, Inc. (NASDAQ:CXDO) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in Crexendo, Inc. (NASDAQ:CXDO) by 18.4% during the third quarter, HoldingsChannel reports. The firm owned 140,193 shares of the company’s stock after buying an additional 21,739 shares during the period. Geode Capital Management LLC’s holdings in Crexendo were worth $651,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CXDO. Creative Planning increased its stake in Crexendo by 165.4% in the second quarter. Creative Planning now owns 1,408,151 shares of the company’s stock valued at $4,429,000 after purchasing an additional 877,554 shares during the period. Essex Investment Management Co. LLC increased its stake in shares of Crexendo by 1,473.9% during the third quarter. Essex Investment Management Co. LLC now owns 828,759 shares of the company’s stock worth $3,845,000 after acquiring an additional 776,102 shares during the period. Renaissance Technologies LLC increased its stake in shares of Crexendo by 229.9% during the second quarter. Renaissance Technologies LLC now owns 364,565 shares of the company’s stock worth $1,147,000 after acquiring an additional 254,065 shares during the period. Acadian Asset Management LLC increased its stake in shares of Crexendo by 73.1% during the second quarter. Acadian Asset Management LLC now owns 218,345 shares of the company’s stock worth $685,000 after acquiring an additional 92,196 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Crexendo by 476.4% during the second quarter. Dimensional Fund Advisors LP now owns 101,273 shares of the company’s stock worth $319,000 after acquiring an additional 83,702 shares during the period. 9.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Crexendo

In other news, COO Douglas Walter Gaylor sold 30,000 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $6.00, for a total transaction of $180,000.00. Following the transaction, the chief operating officer now directly owns 219,083 shares in the company, valued at $1,314,498. The trade was a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey G. Korn sold 7,000 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $5.25, for a total transaction of $36,750.00. Following the sale, the chief executive officer now directly owns 249,730 shares in the company, valued at approximately $1,311,082.50. This represents a 2.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 161,960 shares of company stock worth $833,627 over the last ninety days. 56.20% of the stock is currently owned by company insiders.

Crexendo Stock Down 2.0 %

Shares of Crexendo stock opened at $5.27 on Friday. Crexendo, Inc. has a 52-week low of $2.92 and a 52-week high of $7.59. The company’s 50-day simple moving average is $5.30 and its 200-day simple moving average is $4.81. The firm has a market cap of $140.79 million, a price-to-earnings ratio of 175.73 and a beta of 1.10.

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.