Bailard Inc. Acquires Shares of 36,000 Crexendo, Inc. (NASDAQ:CXDO)

Bailard Inc. bought a new position in shares of Crexendo, Inc. (NASDAQ:CXDO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 36,000 shares of the company’s stock, valued at approximately $113,000.

Other hedge funds have also recently modified their holdings of the company. AJOVista LLC purchased a new position in shares of Crexendo in the fourth quarter valued at approximately $47,000. Simplicity Wealth LLC purchased a new position in Crexendo in the 1st quarter valued at $53,000. SG Americas Securities LLC acquired a new stake in Crexendo during the 1st quarter worth $55,000. Heron Bay Capital Management purchased a new stake in shares of Crexendo during the first quarter worth $87,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Crexendo during the fourth quarter worth $108,000. Institutional investors and hedge funds own 9.53% of the company’s stock.

Crexendo Stock Up 1.0 %

Shares of NASDAQ CXDO opened at $5.02 on Wednesday. Crexendo, Inc. has a 1 year low of $1.54 and a 1 year high of $7.59. The company has a market capitalization of $134.04 million, a P/E ratio of 100.40 and a beta of 1.17. The company has a 50 day simple moving average of $3.94 and a 200-day simple moving average of $4.39. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.01 and a quick ratio of 1.97.

Crexendo (NASDAQ:CXDO) last posted its earnings results on Tuesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $14.69 million during the quarter, compared to analysts’ expectations of $14.18 million. Crexendo had a return on equity of 10.88% and a net margin of 3.01%. On average, equities research analysts predict that Crexendo, Inc. will post 0.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, B. Riley boosted 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.

Insiders Place Their Bets

In other news, insider Anand Buch sold 11,950 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $3.04, for a total value of $36,328.00. Following the transaction, the insider now directly owns 548,139 shares in the company, valued at approximately $1,666,342.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Anand Buch sold 11,950 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $3.04, for a total value of $36,328.00. Following the sale, the insider now owns 548,139 shares in the company, valued at approximately $1,666,342.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO David Tzat-Kin Wang sold 8,800 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $5.00, for a total value of $44,000.00. Following the transaction, the chief technology officer now owns 439,327 shares of the company’s stock, valued at $2,196,635. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 5,000 shares of company stock valued at $15,680 and sold 78,852 shares valued at $371,855. 56.20% of the stock is currently owned by insiders.

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.