Bailard Inc. Has $224,000 Stock Position in Crexendo, Inc. (NASDAQ:CXDO)

Bailard Inc. lessened its position in shares of Crexendo, Inc. (NASDAQ:CXDO) by 21.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 42,768 shares of the company’s stock after selling 11,532 shares during the quarter. Bailard Inc.’s holdings in Crexendo were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC acquired a new stake in Crexendo during the third quarter worth $109,000. Geode Capital Management LLC boosted its position in shares of Crexendo by 18.4% during the 3rd quarter. Geode Capital Management LLC now owns 140,193 shares of the company’s stock valued at $651,000 after acquiring an additional 21,739 shares in the last quarter. GSA Capital Partners LLP increased its stake in Crexendo by 41.2% in the third quarter. GSA Capital Partners LLP now owns 17,598 shares of the company’s stock valued at $82,000 after acquiring an additional 5,139 shares during the period. Advisor Resource Council acquired a new position in Crexendo in the third quarter worth about $93,000. Finally, ARS Investment Partners LLC bought a new position in Crexendo during the fourth quarter worth about $243,000. 9.53% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CTO David Tzat-Kin Wang sold 106,667 shares of Crexendo stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $4.90, for a total value of $522,668.30. Following the completion of the transaction, the chief technology officer now directly owns 443,079 shares of the company’s stock, valued at $2,171,087.10. The trade was a 19.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey G. Korn sold 7,000 shares of the 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. Over the last 90 days, insiders sold 131,960 shares of company stock worth $653,627. Insiders own 56.20% of the company’s stock.

Crexendo Stock Up 24.1 %

NASDAQ:CXDO opened at $7.16 on Thursday. The firm has a market cap of $191.28 million, a PE ratio of 238.75 and a beta of 1.15. Crexendo, Inc. has a 12 month low of $2.92 and a 12 month high of $7.34. The company’s 50-day moving average price is $5.83 and its two-hundred day moving average price is $5.36.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CXDO shares. D. Boral Capital began coverage on Crexendo in a research note on Tuesday, January 21st. They issued a “buy” rating and a $7.00 price objective on the stock. B. Riley reiterated a “buy” rating and issued a $7.50 price target (up from $6.75) on shares of Crexendo in a research report on Wednesday.

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.