Crexendo, Inc. (NASDAQ:CXDO) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in shares of Crexendo, Inc. (NASDAQ:CXDO - Free Report) by 65.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 217,648 shares of the company's stock after buying an additional 86,162 shares during the period. Dimensional Fund Advisors LP owned about 0.81% of Crexendo worth $1,138,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CXDO. Creative Financial Designs Inc. ADV purchased a new position in Crexendo during the fourth quarter valued at approximately $44,000. Walleye Capital LLC purchased a new position in shares of Crexendo in the 4th quarter valued at $69,000. Barclays PLC bought a new position in shares of Crexendo in the 3rd quarter worth $109,000. ARS Investment Partners LLC purchased a new stake in shares of Crexendo during the 4th quarter worth $243,000. Finally, Perkins Capital Management Inc. bought a new stake in Crexendo during the fourth quarter valued at about $262,000. 9.53% of the stock is currently owned by institutional investors.

Insider Activity at Crexendo

In other news, COO Douglas Walter Gaylor sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $6.27, for a total value of $62,700.00. Following the completion of the sale, the chief operating officer now directly owns 230,007 shares of the company's stock, valued at approximately $1,442,143.89. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO David Tzat-Kin Wang sold 229,476 shares of Crexendo stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $5.50, for a total transaction of $1,262,118.00. Following the completion of the transaction, the chief technology officer now directly owns 445,995 shares in the company, valued at $2,452,972.50. The trade was a 33.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 249,476 shares of company stock worth $1,384,818. 56.20% of the stock is currently owned by company insiders.

Crexendo Price Performance

Shares of CXDO traded up $0.12 during mid-day trading on Monday, reaching $5.96. The stock had a trading volume of 162,682 shares, compared to its average volume of 155,217. The business's fifty day moving average is $5.10 and its 200 day moving average is $5.43. The firm has a market cap of $173.02 million, a price-to-earnings ratio of 198.73 and a beta of 1.09. Crexendo, Inc. has a 52-week low of $2.92 and a 52-week high of $7.34.

Analysts Set New Price Targets

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

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.