Dimensional Fund Advisors LP Increases Holdings in Crexendo, Inc. (NASDAQ:CXDO)

Dimensional Fund Advisors LP boosted its position in shares of Crexendo, Inc. (NASDAQ:CXDO - Free Report) by 65.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 217,648 shares of the company's stock after acquiring an additional 86,162 shares during the quarter. Dimensional Fund Advisors LP owned 0.81% of Crexendo worth $1,138,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Barclays PLC bought a new position in shares of Crexendo in the third quarter worth approximately $109,000. Perkins Capital Management Inc. bought a new position in Crexendo in the 4th quarter worth $262,000. Renaissance Technologies LLC increased its stake in Crexendo by 16.4% in the 4th quarter. Renaissance Technologies LLC now owns 274,100 shares of the company's stock worth $1,434,000 after buying an additional 38,700 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Crexendo by 265.3% during the fourth quarter. NewEdge Advisors LLC now owns 57,858 shares of the company's stock valued at $303,000 after acquiring an additional 42,020 shares during the period. Finally, Creative Financial Designs Inc. ADV bought a new stake in Crexendo during the fourth quarter valued at about $44,000. Institutional investors own 9.53% of the company's stock.

Crexendo Stock Down 3.2%

Crexendo stock opened at $5.69 on Thursday. The company's 50-day moving average price is $5.08 and its 200-day moving average price is $5.44. The company has a market cap of $165.19 million, a PE ratio of 189.73 and a beta of 1.09. Crexendo, Inc. has a twelve month low of $2.92 and a twelve month high of $7.34.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. D. Boral Capital reiterated a "buy" rating and set a $10.00 target price on shares of Crexendo in a research report on Wednesday, May 7th. Craig Hallum started coverage on shares of Crexendo in a report on Monday, April 7th. They set a "buy" rating and a $8.00 price objective for the company. Finally, B. Riley reissued a "buy" rating and issued a $7.50 target price (up previously from $6.75) on shares of Crexendo in a report on Wednesday, March 5th.

Insiders Place Their Bets

In related news, COO Douglas Walter Gaylor sold 10,000 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $6.27, for a total value of $62,700.00. Following the sale, the chief operating officer now directly owns 230,007 shares of the company's stock, valued at $1,442,143.89. This represents a 4.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO David Tzat-Kin Wang sold 229,476 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $5.50, for a total value of $1,262,118.00. Following the transaction, the chief technology officer now directly owns 445,995 shares in the company, valued at approximately $2,452,972.50. This represents a 33.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 249,476 shares of company stock valued at $1,384,818 over the last ninety days. 56.20% of the stock is owned by insiders.

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.