GSA Capital Partners LLP Has $82,000 Stake in Crexendo, Inc. (NASDAQ:CXDO)

GSA Capital Partners LLP boosted its stake in Crexendo, Inc. (NASDAQ:CXDO) by 41.2% in the third quarter, HoldingsChannel reports. The firm owned 17,598 shares of the company’s stock after acquiring an additional 5,139 shares during the period. GSA Capital Partners LLP’s holdings in Crexendo were worth $82,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Crexendo during the 1st quarter valued at about $55,000. Vanguard Group Inc. grew its holdings in Crexendo by 7.2% during the first quarter. Vanguard Group Inc. now owns 455,956 shares of the company’s stock worth $2,193,000 after purchasing an additional 30,646 shares during the period. Bailard Inc. acquired a new position in shares of Crexendo during the 2nd quarter worth approximately $113,000. Acadian Asset Management LLC increased its holdings in shares of Crexendo by 73.1% in the second quarter. Acadian Asset Management LLC now owns 218,345 shares of the company’s stock valued at $685,000 after purchasing an additional 92,196 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Crexendo by 476.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 101,273 shares of the company’s stock valued at $319,000 after buying an additional 83,702 shares during the last quarter. 9.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Crexendo

In other Crexendo news, CTO David Tzat-Kin Wang sold 20,500 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $5.25, for a total transaction of $107,625.00. Following the transaction, the chief technology officer now owns 439,327 shares in the company, valued at approximately $2,306,466.75. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Douglas Walter Gaylor sold 30,000 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was 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 of the company’s stock, valued at approximately $1,314,498. This trade represents a 12.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 56.20% of the company’s stock.

Analyst Ratings Changes

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

Crexendo Price Performance

Crexendo stock opened at $5.22 on Tuesday. The business has a 50 day moving average of $5.17 and a 200-day moving average of $4.37. The company has a market capitalization of $139.48 million, a P/E ratio of 174.06 and a beta of 1.15. Crexendo, Inc. has a 1 year low of $2.82 and a 1 year high of $7.59.

Crexendo 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.