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

Bailard Inc. reduced its stake in shares of Crexendo, Inc. (NASDAQ:CXDO) by 21.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,768 shares of the company’s stock after selling 11,532 shares during the quarter. Bailard Inc. owned approximately 0.16% of Crexendo worth $224,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Advisor Resource Council purchased a new stake in Crexendo in the 3rd quarter worth approximately $93,000. GSA Capital Partners LLP raised its holdings in shares of Crexendo by 41.2% during the third quarter. GSA Capital Partners LLP now owns 17,598 shares of the company’s stock worth $82,000 after acquiring an additional 5,139 shares in the last quarter. Barclays PLC acquired a new stake in Crexendo during the third quarter valued at $109,000. Geode Capital Management LLC grew its stake in Crexendo by 18.4% in the third quarter. Geode Capital Management LLC now owns 140,193 shares of the company’s stock valued at $651,000 after purchasing an additional 21,739 shares in the last quarter. Finally, ARS Investment Partners LLC acquired a new position in Crexendo in the 4th quarter worth about $243,000. 9.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Crexendo

In related news, CEO Jeffrey G. Korn sold 7,000 shares of the company’s stock in a transaction on 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 directly owns 249,730 shares of the company’s stock, valued at approximately $1,311,082.50. This represents a 2.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO David Tzat-Kin Wang sold 106,667 shares of Crexendo stock in a transaction on Monday, December 16th. The stock was sold at an average price of $4.90, for a total transaction of $522,668.30. Following the completion of the transaction, the chief technology officer now owns 443,079 shares in the company, valued at $2,171,087.10. This trade represents a 19.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,960 shares of company stock worth $653,627 over the last 90 days. Insiders own 56.20% of the company’s stock.

Analysts Set New Price Targets

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

Crexendo Stock Performance

CXDO opened at $7.16 on Thursday. The stock has a 50-day moving average of $5.83 and a 200-day moving average of $5.36. Crexendo, Inc. has a 52-week low of $2.92 and a 52-week high of $7.34. The company has a market cap of $191.28 million, a PE ratio of 238.75 and a beta of 1.15.

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.